A lot of us are not in our comfort zone anymore. Things have changed. We've changed and are changing. But that doesn't mean we like it. Things used to be more fun. Now we're dealing with all kinds of stuff. By now, I don't think there's anyone I know that hasn't accepted things as they are. I don't hear people talking like they were a year ago about 'when things get back to normal.' This is what normal looks like right now people. When you're in the business of building a business, all gung-ho, you sort of expect everyone to be excited about what you're doing. And, while what you're doing may be new and interesting and worthwhile and timely, when others are busy dealing with their own stuff, when they too are out of their comfort zone, well, things don't move as quickly as one would like. It takes longer to arrange meetings and get phone calls and emails returned. And, that seems to be today's challenge. Looking at the world and realizing that things will take time, that we have to have patience and that we have to look for ways to both reinvent ourselves in some cases or reinvent how we approach things. Old techniques of doing business may not work anymore and that too takes us out of our comfort zone. In the good old days (like up until mid-2007) some of the fun was going out for business lunches and arguing who was going to pick up the tab and charge it to their expense account. I don't know about you but not only have the lunches become fewer and farther between but when I do go out there's more 'dutch treat' and going to diners rather than for sushi. But that's the way it is. There are all kinds of cliches to describe where we are and they're those philosophical statements that we sometimes turn to in difficult times that give us the hope and strength to carry on and the belief that things will get better. But when someone is going through a really tough time and while we are trying to help that person with some of our positive thinking philosophy, the person who is struggling simply can't see the light at the end of the tunnel. It's called depression and those who have never experienced it have no idea what it's like. But there are milder forms of depression and being taken out of ones' comfort zone is a symptom of that feeling.
There are some who are saying that we've hit the bottom and that things are picking up in the commercial real estate industry. I am not one of them. I don't believe we've hit bottom although there are several types of bottom to be hit. The transaction world, the foundation of our business, still seems dead in the water. The proliferation of workout and restructuring practices within law firms, accounting/consulting firms and simply independent start-ups is somewhat staggering. I don't hear or see enough work for all these folks right now and in some cases I wonder if the level of experience is even there to deal with these situations or are some planning on learning on 'my dime'? However, with the federal government looking like it wants to be the partner of choice (or no choice as it were) for banks and businesses, reading their announcements virtually every day addressing something different and seemingly making things up as they go along, well, I think we're still in for a long haul.
I visited my new grandson last weekend. I had forgotten how tiny and perfect the teensy hands and feet are and how simple a newborn's life is. Get a little fussy and you get fed, or have your diaper changed or get burped or just walked around. Then serious napping during the day is not only acceptable but expected. And the magic of having that little baby open it's eyes when you're holding it, and look at you, no matter how much or how little they can actually focus on, is an experience that is to precious for words.
The following is a Commencement Address given by Paul Hawken at the University of Portland which was forwarded to me by an old college friend. I found it very moving and hope you do too.
Steve shares his thoughts on the world of commercial real estate and life in general.
Friday, June 19, 2009
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