Ready to Expand/Move or Renovate? Be Prepared for Common Construction Pitfalls

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The thought of expanding your business is exciting. Facilities can have a dramatic positive impact on bottom lines. However, if the end result does not meet your desires and needs, buyer’s remorse can be significant and the reparations costly. There are many common, yet often avoidable, pitfalls that affect construction-related projects. Being aware of these pitfalls in advance and putting the right team, processes and procedures in place, can minimize the opportunity for negative results.

Integrated approach: Each construction-related professional provides a particular strength and unique understanding within their field. Hiring experienced companies with a strong background of collaborating with other professionals to provide integrated delivery is critical to a successful project. Ensure a fully required scope is covered and proposals accurately reflect the required scope.

Stakeholders: Commercial facilities projects involve many different players including business owners, officers, owner’s representatives, architects, engineers, general contractors, subcontractors, construction managers, government entities and, in many situations, real estate brokers. Strong, clear leadership that communicates the scope, budget and schedule early on, defines job rules and expectations, and is prepared to make changes as needed, will facilitate the continued alignment of your project. As the list of stakeholders grows, it can be increasingly difficult to keep everyone in the loop—with the coordination of schedule requirements, the budget and scope changes—and moving toward the same goal.
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NAWRB Co-Hosts InnovateHER with SBA: Winner Announced!

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Congratulations to Jennifer Stewart-Tai, President and Founder of City Girl Prepper, for winning the InnovateHER Challenge co-hosted by NAWRB and the Small Business Administration (SBA)!

This morning, NAWRB co-sponsored the InnovateHER Innovating for Women Challenge 2017 at the Lutron Electronics Training Center in Irvine, CA. This competition is inspired by the need for innovative products and services to assist working women and their families.

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Putting Tools in the Hands of Women Entrepreneurs

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At the Small Business Administration, we recognize that helping small women-owned businesses is critical to our economy.  Women-owned businesses are one of the fastest growing segments.  In fact, from 2002 to 2007, the growth of women-owned firms outpaced firms owned by men at a rate of 4-to-1.

The impact women-owned businesses have on our economy is easy to see: they employ more than 7 million workers and generate more than $1 trillion in revenue each year.   The U.S. Small Business Administration (SBA) is committed to helping these businesses start, succeed, and grow, with opportunities for women-owned businesses existing in all of SBA’s core program areas.

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5 Easy Ways to Help Your Community as a Real Estate Agent

I remember as a kid when I ordered my first Ben & Jerry’s ice cream and when I bought my first body lotion from The Body Shop. Those were the moments when it became very clear to me that business and doing good could go hand in hand. From then on I was always incredibly interested in the idea of socially responsible businesses.

It wasn’t until I was in my 30’s that I had the idea for a socially responsible business I personally wanted to start. Today, my company, Goodshop, is focused on two things. First, we want to save people money. Second, we want to ensure good causes continue to have the funding they need to continue, whether those are personal causes like funding a health emergency or a national cause like the Humane Society of the United States.

As we’ve built Goodshop, I’ve seen the launch and growth of so many other socially responsible companies, from TOMS Shoes to Warby Parker, that have had such a big influence on both their consumers and the business world in general. Our model is to give away a percentage of our revenue, and I do realize that not every company is in the position to do that. But, everyone can do something. Since most entrepreneurs are already familiar with ideas such as volunteering for local causes, I want to discuss five small and easy ways you, as a housing ecosystem professional, can incorporate “doing good” into your business practices.

1. When you’re working with someone who is moving out of their house, encourage them to recycle or give away everything they don’t want to bring with them. The company Givebackbox.com is a service which will provide you free shipping of your used stuff to a partner charity that they work with. Simply take that box out of the recycling pile, fill it with your used clothes, print out a label on Givebackbox.com and your old clothes will be on their way to a new home. You gave that box a second life too!

2. Create a partnership with your local Goodwill or other organization to pick up old furniture or other items that the family may not want to move with them. This is an added benefit that you can bring to your clients as it’s one thing they can check off their to do list.

3. Start a campaign for a cause in your community that provides homes for people in need. This way, as your clients are buying things for their new homes, they could also be helping someone less fortunate than themselves.

4. Do you bring cookies or snacks to your open houses? Hire a local student to bake them for you. This will give them an opportunity to make a little money and teach them the experience of starting a business.

5. Volunteer to take a student from an economically underserved area around for the day with you. Many kids do not have the opportunity to see what it’s like to do a particular job day to day. Give them some insight into what a career in real estate looks like. You can have a positive impact on a child’s life and studies.

JJ Ramberg
Founder, Goodshop.com

Even When an Obese Person Loses Weight, Health Problems Could Persist Due to Epigenetics

When an obese person loses weight, he or she immediately starts to feel better. Blood pressure improves, cholesterol levels diminish and energy levels rise. Because that person is no longer obese, the risk of developing type 2 diabetes, as well as liver, colon and breast cancers and other diseases linked to obesity, diminishes, right?

That might not be the case.

A new study by City of Hope researchers found that even after a low-fat diet is consumed, long-term disease risks could persist.

The reason could be epigenetics, which refers to changes to genes caused by external factors, such as pesticides or nutrients, that don’t change the DNA sequence. However, these changes can be passed to the next generation, according to Dustin Schones, Ph.D., an assistant professor in the Department of Diabetes Complications and Metabolism within the Diabetes & Metabolism Research Institute at City of Hope.
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The Glass Ceiling

by Vanessa Montañez

Does the Glass Ceiling exist in today’s world of equality? What do you think? I think the facts speak for themselves.

We all know women earn less than men. Women who worked full-time, year-round in 2014 earned, on average, 79 percent of men’s median annual earnings, according to the U.S. Census Bureau. Over the years the gender wage gap has lessened but we are still too slow in our progress.

This past presidential election showed that we are still not ready for the first female President of the United States of America. Of the 195 independent countries in the world, only 17 are led by women, according to the U.S. State Department. “I can’t believe we just put the biggest crack in the glass ceiling yet,” stated Hillary Clinton at the 2016 Democratic National Convention (DNC). Are we one step closer?

The National Association of Women in Real Estate Business (NAWRB) Diversity and Inclusion Leadership Council (NDLIC) brings women’s diversity and inclusion to the forefront of the housing ecosystem with accountability and results by raising the number of women in the housing finance industry. The numbers look promising for women looking for a career in real estate, as 62 percent of all Realtors® are female, according to the 2016 National Association of Realtors® Member Profile.

On the C-suite level the numbers are inadequate. The 2015 Catalyst Census reveals that men held 80.1 percent of S&P 500 board seats, while women only held 19.9 percent and men held 73.1 percent of S&P 500 new directorships, while women only held 26.9 percent. The Census also found that: 2.8 percent of S&P 500 companies had zero women directors; 24.6 percent had one woman; and only 14.2 percent of companies had 30 percent or more women on their boards. Within S&P 500 companies, women held: 4.2 percent of CEO positions, 9.5 percent of top earner positions, 25.1 percent of executive/senior-level officials and managers positions, 36.4 percent of first/mid-level officials and managers positions; additionally, 44.3 percent of total employees were women.

Women need to achieve higher educational attainment with advanced degrees in their respective fields. The more education once receives the more income one earns. Women also need to study fields where men have predominantly dominated. Examples would start with STEMF, a term I altered to include science, technology, engineering, mathematics and finance.

Take risks in your career. Apply for the position you want but may not feel qualified for because you do not meet every qualification of the job. Women need to break the glass ceiling at every level. Whether you are starting your career or making a change in your career. It all starts with you.

Expanding Your Business Through Innovation

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Every entrepreneur knows age-old business advice—study your market, build relationships, know your competition, find a mentor, have a business plan—as well they should; it’s decisive advice that works. But what can you do when you have invested in these proven strategies for years, built your business on them, and suddenly plateau?

Business strategists and other successful entrepreneurs can provide sage words, but you know your business best. If you’re employing a technique you innovated, you can beautifully separate yourself from the competition.

In a blog post last year, Gary Vaynerchuk, “serial” entrepreneur, investor and public speaker stated, “Your 2016 plan should be to start paying attention to the white space; where are things not happening yet that you think could be huge?”

This is the mindset needed to take your business to places it has never been; where are the empty spaces, the opportunities, in which your business can become a pioneer? How can you expand your book of business through innovation?

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The New Model for Business is Excellence with Impact

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Real estate or otherwise, your product or service is excellence. If you are doing business right, you are selling excellence to your customers. We all desire excellence; with it your business will grow. Now you have reputation and resources. Use your reputation and resources to impact the world, locally and globally, both as a community of people and as a physical place.

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We can define excellence in many ways, and I won’t get into the

details here, but I like to define excellence as “the quality of being outstanding.” Your product or service should stand out among the others. You want your product or service to fulfill your customers’  needs, not convince them of their need for your product or service. Your relationship with them should be beyond transactional to personal, and if you’ve got the best and most excellent product, you’ve placed yourself in a great position to build a huge, dedicated customer base.

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