Concept of confused business with different directions This is an HTML version of an article that ran in Real Estate Forum. To see the story in its original format, click here. Real Estate Forum Barry Polen, Hunt Mortgage Other common factors driving an industry veteran's decision to seek a new position include “exhausted growth opportunities with a current company, changes in compensation components and/or packages and company reorganizations,” says Turner. The veteran may find that such a reorganization takes the form of a merger, an initial public offering “or a change in leadership or management that causes concerns that misalign with his or her desired career path. Depending on personal preferences, people may enjoy a nimble, entrepreneurial company with more opportunity or an employee may prefer to be in a structured, large company with defined roles.” Forum Forum Jana Turner, RETS Associates Cresa's invitation was motivated in part by the company's interest in developing a strategic plan, on grounds that it was “an important time for them to take advantage of the fact that they had built what today is the largest tenant rep firm in the world but with a lot of growth potential.” Forum Tere Blanca, Blanca Commercial Real Estate Rising stars could learn a fair amount from the “veterans” on making smart career-change decisions, Turner and others agree. The key, Turner says, is to do one's due diligence. “Younger industry professionals need to step back from the appeal of more money and assess the company and opportunity as a whole. This assessment includes understanding the capitalization of the firm, the culture, its industry specialization, people and management and more. We advise talent of all ages that the 'grass isn't always greener on the other side' and continue to stress the importance of doing your homework and understanding all the components” of the assessment, in particular the company's growth plans. Concept of confused business with different directions This is an HTML version of an article that ran in Real Estate Forum. To see the story in its original format, click here. LinkedIn Real Estate Forum Barry Polen, Hunt Mortgage Other common factors driving an industry veteran's decision to seek a new position include “exhausted growth opportunities with a current company, changes in compensation components and/or packages and company reorganizations,” says Turner. The veteran may find that such a reorganization takes the form of a merger, an initial public offering “or a change in leadership or management that causes concerns that misalign with his or her desired career path. Depending on personal preferences, people may enjoy a nimble, entrepreneurial company with more opportunity or an employee may prefer to be in a structured, large company with defined roles.” Forum New York Forum Jana Turner, RETS Associates Cresa's invitation was motivated in part by the company's interest in developing a strategic plan, on grounds that it was “an important time for them to take advantage of the fact that they had built what today is the largest tenant rep firm in the world but with a lot of growth potential.” Forum Tere Blanca, Blanca Commercial Real Estate Rising stars could learn a fair amount from the “veterans” on making smart career-change decisions, Turner and others agree. The key, Turner says, is to do one's due diligence. “Younger industry professionals need to step back from the appeal of more money and assess the company and opportunity as a whole. This assessment includes understanding the capitalization of the firm, the culture, its industry specialization, people and management and more. We advise talent of all ages that the 'grass isn't always greener on the other side' and continue to stress the importance of doing your homework and understanding all the components” of the assessment, in particular the company's growth plans.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.