Patrick Morin is a partner with Transact Capital Partners, an investment banking firm that specializes in mergers and acquisitions in the multifamily, technology, logistics, and staffing industries. Transact was the advisor to Off Campus Partners in its recent sale to CoStar.
Leadership
07/222016
LIVE INTERVIEW Patrick Antrim and Mike Lindstrom discuss happiness and the impact not only in your personal life, but also your work life. SUMMARY SECTION 1 Multifamily Industry $1.3 trillion contributor to our economy Multifamily Leadership Summit in December Mike Lindstrom – Author, speaker, Trained in the psychology of influence. Worked directly with Tony Robbins Happiness as an outcome Choice component Multifamily Industry is significant – high task and relationship driven Legislative issues require some rigidity, but there is also a human relationship component Feel better as a winner – “You can’t give away what you don’t have.” People struggle with themselves and/or money Understanding those 2 things can change the entire customer experience SECTION 2 “What’s Your Story” – authored by Mike Lindstrom Book geared toward fathers How to phrase questions to elicit more thorough responses Can relate to business – phrase questions to strengthen the client relationship Experience with Tony Robbins Entrepreneur group There to learn and move on Loyal group Stay with Robbins for the long haul Elements of Psychology There’s no such thing as an excuse Everything taught by…
07/282015
A high-performing culture starts with a culture of learning and development. I know what you are thinking: culture is complex. I am speaking of high-performing results. A company that sets out to entice employees with flexibility, comfort, beverage bars and all that we have seen in new culture practices will struggle for long-term success. Be prepared to feed this type of culture some cash. I believe culture is an outcome and, by the end of this article, I will show you where to start the process. But before we get into where to start, I would like to talk to you about performance. A great culture is an outcome of the performance you create. Some culture requires companies to change and sometimes culture means that very little changes. Don’t get me wrong. I believe talent acquisition and rewards to be an investment in our business. I also believe that with the right environment, people will grow and reach their full potential. Employees who reach their full potential have a better chance of fulfillment. Love So Much That You Delay Gratification…
07/282015
Leadership. A single word that carries many different beliefs. It’s intimidating for some and a journey for others. Another word that comes to mind is success. Next time you have a meeting, ask each person what success means to them. See how many different answers you receive. It’s no wonder companies zig zag on issues. A strong leader will define success and share the vision with a common goal, define roles and responsibilities, and communicate with the teams. In baseball it goes like this. The common goal is winning the World Series. Each player clearly understands their role on the team. Pitchers don’t practice hitting, they practice pitching. Spring training is about getting the communication and chemistry right. When we look at companies and sports teams that are remembered as Legendary Teams, you will find one common characteristic among them, performance. The companies with the best people have the power to attract loyal customers and top employees. In some cases, people are your product. In the business of sports, people are why 50,000 people show up to watch a game…
07/282015
How many times have you hired someone because they seemed like the right person? They do well in some situations but they slip in situations they should otherwise succeed in. Now the Manager has to put things back together. We spend time recruiting, training, and re-training people over and over. Does this happen often? Do you have people that have a tough time doing things on their own? Think Long Term As a business owner or leader, you have to take a long term view and understand that Steve Jobswas right: “A small team of A players can run circles around B and C players.” Hiring the best people is the single most important activity. If you have lenders or investors, they are operating on a shorter cycle. They are looking for returns based on their liquidity and capital event schedules. When we react to their needs, we rush our process of building great teams. This ultimately impacts the business outcomes. As a leader, it’s your job to drive the business and not let operating from a position of weakness…