I recently started an internship in commercial real estate, and in the past two days I’ve learned more about business then I have for months. Experience is truly the best way to learn, and I now know this firsthand. Every few weeks, I hope to compile a list of Big Ideas that I’ve learned on the job and go into depth on one or two of them.
The main idea: Work smart, not hard
I’ve heard this statement multiple times throughout my life, with my grandpa telling me these since I was born. During the internship, I came back to this phrase and reconsidered its meaning.
Work smart, not hard.
Entrepreneurs have a tendency to work as hard as I possibly can to achieve the success that they want. This is a great sentiment, but sometimes you put all your effort into the work, when you could be working smart, and putting less effort into the work, and more into the development, planning, Etc.
Take a step back, and think about how you do things. There’s almost always a better, quicker way to get it done. I know this because personally, I can always refine the way I do work, to speed it up and make it more efficient. Also, when observing others doing their work, I can always see ways to make it more efficient.
I think this phrase has two main meanings. One is work smart did they reduce the amount of work you have to do. By making things more efficient, you can grow quicker in a small amount of time, and achieve more success. The second is more important: Think about it before you do it.
Before jumping right into the task, think about it. Plan it out in your head. When you write an essay, you never hand in the first draft. You revise it over and over again until it’s the best it can be. That’s what you should do when it comes to working. Plan it out in your head, and then refine how you will go about doing it. In almost every scenario, your revision will be better than your first draft.
All The Big Ideas That I’ve Learned On The Job (list one):
- The first few seconds of the most important, so regarding first Impressions, make them count.
- New York City is almost exclusively leased rather than owned, bought or sold.
- It doesn’t matter the economy is going up or down, you will always have business in Commercial Real Estate. Mainly because people are buying leases and expanding as the economy goes up, and people are downgrading as the economy goes down.
- Patience is the one thing that you absolutely need
- Take in your surroundings, and observe every little detail of everything. Especially when it comes to leasing office buildings.
- Views, Windows, air conditioning, ceiling type, floor type, outdoor space, columns, Furnished or not, are all attributes that buyers are looking for
- When is your lease up? Are you looking to move locations, renew, or sublease?
- Be vague, get the buyer to ask you questions, try to make it into a conversation.
- Your youth can always be used to your benefit
Hope this was a neat post and taught you something new.