Archives For Leadership

Nashville april 19

 

Nashville Personal Growth & Development Meetup Group

 

Make time to connect with Todd while he is in Nashville. This quarterly Meetup Group has grown substantially over the past two years. The vibrant and booming economy of Nashville is filled with people who are eager to learn and grow. This is an excellent networking opportunity for professionals in the Nashville Area.

 

Todd shares Business and Personal Growth Strategies with the group within an informal atmosphere. Everyone enjoys the cocktails, food and conversation in this setting. Located in the heart of Nashville the beautiful Omni Hotel’s Barlines Restaurant is a perfect location.

Join us on April 23, 2019 from 6:30pm to 8:30pm

Please contact Julie Thompson at memberservices@driveplanning.com with any questions.

Register Here!

There has been a growing trend for sometime now that is pushing business owners out of their own real estate space. The trend of co-working environments is when companies utilize space along side of other companies within relatively the same suite, same address, same common space, office equipment etc. Experts predict this business trend will reach 21,306 facilities worldwide by the end of 2019. This concept may not be foreign to you but many visitors to Drive Planning still view it with a healthy curiosity.

James & Katie

Of course the curiosity ranges in degrees of understanding and interest. Most suggest they’ve heard about this and comment about the energy and cool atmosphere that it exudes. Many business owners or anyone with an entrepreneurial flare starts doing the math; Is this a good deal?…..is it right for them? You can see their wheels begin to turn.

The upside for a growing company is the flexibility to increase your Real Estate only as you increase Human Capital. For those who track with us routinely you recognize these as two of the four key elements to business as noted in The Big Four of Business. The ease and flexibility are undeniable. You’re never purchasing dead space while you are waiting to grow.

At Drive Planning, we certainly enjoy the productivity that comes from allowing our team to work close to home. Eliminating, or at least minimizing, extreme travel time for our team members and those clients visiting our office is certainly a strategic advantage. We are able to market locations in multiple areas thus allowing us to recruit new/local Consultants or new/local clients/Members.

This brings us to a critical piece of any organization, particularly startups! The ethos of an organization is discussed more today than ever, or at least more so than anytime I recall in my twenty four year career. Is it due to the millennials who get blamed for most things:) Could this conversation be the sole result of the Google’s, Facebooks and Apple type corporations famed offices. Likely a mixture of both.

The trends of open space, in office games, drinks and youthful energy are real and I love them! However, if you’re a start up business it would certainly be hard to justify a Ping Pong Table or a bar for your new office. This new style of office affords you that luxury/perk. So, I am fully into developing that edgy ethos and culture, creating that vibe; every company has one whether bad or good.

This is where the dark side of co-working space comes into play. Its when you’re creating that vibe or ethos that you desire but do not have full control. What happens when your company ends up in a location that doesn’t share your same energy.  It isn’t always that you have chosen poorly. Like I stated earlier, there are certainly lots of choices out there, more so than ever before. I have seen environments and cultures radically change due to a change within the hosts or community staff that manages the co-working space.

As a disclaimer we have only ran into this situation a couple of times over the years. Many of the community managers have appeared on our website, participated in our company outings and remain friends today. Some have not.

The staff or leaders of each community have a great impact on the success and feel of each location. The Co-Working Community Team become extensions of your office and company. They often times interact with your guests, answer telephone calls and sometimes have more impact administratively. These individuals aren’t staff that you have carefully chosen or vetted through your on-boarding process. You would have never discussed their level of pay, career goals, family dynamics, timelines or any other personal matters that impact employment, yet you are stuck with them for better or worse.

It can be frustrating to have staff members that you didn’t hire and you can’t fire!

                                                           – Todd Burkhalter

Tweet that Quote!

Whats the answer, unfortunately I do not have a proper end all solution. I merely have a band-aid and some potential preventative solutions.

When choosing a Co-Working Company:

  • Consider one with multiple locations – This will allow you to shift little more easily day to day meetings but even if you were to experience a staff member that wasn’t a good fit.
  • Ask a lot of questions – Determine how frequently they automatically change staff members to different locations. This isn’t fool proof but you can determine if there will automatically be a revolving door as opposed to the individual deciding to change positions.
  • Consider Community Events – How frequently will your location be hosting community events? What type of events will be held? Ask for a list of past events. Make sure that these will not be a constant disruption and fit within themes consistent with your values and corporate dynamics.
  • Consider The Networking – Ask for a list of companies that exist in the space. We have found these people will become friends, resources, potential business or clients.
  • The Dark Side – One last comment regarding that staff member that just ruins your day. Work to minimize your interaction through being able to transition locations but also consider hiring your own staff person that creates a majority of the customer reception or engagement.

Though there may be some downside risk; I believe that the Co-Working or Flexible Space Model has so many positives that it out-weighs the potential Dark Side which can be cast by a Staff person who likely will not be there very long. Let’s face it when someone has a poor attitude they aren’t likely to be around long term anyways.

Thanks for following along with The Life You Can Afford to Live! Keep up with me by connecting on-line through facebook, twitter or LinkedIn.

Networking

October 15, 2018 — Leave a comment

Does your network frequently discuss business opportunities or personal growth? If you answered No, the information below is likely for you!

 

Network Quote

 

Recently, in a group setting, I made the statement above which brought several people up to me afterwards wanting to discuss this idea further. Later the image above was posted on twitter which triggered 3 text messages expressing interest and support for this message.

I’ve believed this for a long time but these responses suggested that more and more people believed this also. For years I’ve had clients mention this to me; That they just didn’t know people who liked to talk business or ones that knew about investment opportunities.

Have you ever heard the old adage, The Rich Get Richer? Of course, but maybe it isn’t solely about the fact that they have more money invested thus making money. In fact, I believe that its derived from this idea that who you know makes a significant difference in your wealth building. 

Robert Kiyosaki says, “your income will mirror your five closest friends.” So all of this information leads me to believe that we should pay close attention to our circles, conversations and information that we seek.

I’d like to provide you with a few ideas that will give you an opportunity to begin developing a network that will help you to increase your knowledge and the value of your circles. When you Join as a Member of Drive Planning you gain access to investment deals, people and opportunities that you may not normally find. In addition to tapping into our network of advisors, information, knowledge and successful people you may also want to consider these ideas below.

However, if you want to fast track your knowledge, network and opportunities consider joining Drive Planning and our customized approach for you. Contact me directly or reach out to memberservices@driveplanning.com for more information. If you’re ready to get started on a new path click here to begin!

 

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