{"id":1505,"date":"2007-06-05T08:29:26","date_gmt":"2007-06-05T15:29:26","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1505"},"modified":"2007-06-05T08:31:50","modified_gmt":"2007-06-05T15:31:50","slug":"cruise-ships-battleships-and-dinghies-did-you-miss-the-boat-with-your-real-estate-company","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1505\/cruise-ships-battleships-and-dinghies-did-you-miss-the-boat-with-your-real-estate-company\/","title":{"rendered":"Cruise Ships, Battleships, and Dinghies – Did you miss the boat with your Real Estate Company?"},"content":{"rendered":"

Signs of the times.<\/p>\n

<\/p>\n

When the going gets tough, the tough jump ship. I am starting to see the telltale signs of a challenging market for many agents as manifested in the game of Musical Brokers that is typically played when agents sense business could be better.<\/p>\n

I, too, have been guilty of going agent-overboard in the past, several times actually. Two of the moves were pure genius, yet another was impetuous and, in hindsight, downright stupid. In each case, Steve and I were inspired to make a change because of vision: Our vision of the future of our industry and our perception that our Broker lacked it. I have come to the conclusion that real estate companies generally fall into one of three categories: Cruise Ships, Battleships, and Dinghies. (Tiresome methaphor ensues).<\/p>\n

Cruise Ships<\/strong><\/p>\n

These are the big boys who captain the party boat. They are large, they enjoy huge name-recognition, and they barrel blindly ahead with a full boat. Everyone is having such a good time that no one is looking to the iceberg on the horizon. Alternative business models? An evolving client base? Shifting technological and economic tides? Everyone is too engrossed with the all-you-can-eat buffet to see it coming, at which point it is too late to change course. At the first sign of rough waters, bookings decline, profitability tanks and excursions are canceled. They are used to these dry-dock periods, and they will be back the next time people are ready for a good time.<\/p>\n

Battleships<\/strong><\/p>\n

Battleships are also huge and unwieldy, and corporate. They are in charge of the troops, they have rules (too many), and they thrive on control. They are most concerned with image, image of the company, and individual rights and privileges are routinely subordinated for the greater “good” (read “bottom line”). They have a long-range plan, yet the Joint Chiefs are too bogged down in red tape to read or react swiftly to the undercurrents of a changing industry. Battleships, like the Cruise Ships, are unable to turn on a dime, but correct course they will – eventually. In the meantime, too many sailors have gone AWOL.<\/p>\n

Dinghies<\/strong><\/p>\n

Dinghies Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Signs of the times. When the going gets tough, the tough jump ship. I am starting to see the telltale signs of a challenging market for many agents as manifested in the game of Musical Brokers that is typically played when agents sense business could be better. I, too, have been guilty of going agent-overboard […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-1505","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1728,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1728\/am-i-missing-something-the-nar-experience\/","url_meta":{"origin":1505,"position":0},"title":"Am I missing something? The NAR Experience.","author":"Kris Berg","date":"August 2, 2007","format":false,"excerpt":"Am I missing something? At the moment, I am conventioned out, one tired buckaroo. So, I am playing hookie this evening and, undoubtedly, missing out on some life-changing announcement. \"Zillow has made a $40 gazillion offer to purchase the San Diego Home Blog. Is Kris Berg in the audience?\" Nope.\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13731,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13731\/violent-change-in-store-for-real-estate-agents\/","url_meta":{"origin":1505,"position":1},"title":"Violent Change in Store for Real Estate Agents","author":"Chuck Marunde","date":"December 1, 2010","format":false,"excerpt":"The real estate business is obviously in the midst of dramatic changes, and that is certainly an understatement.\u00a0 I just published a new book entitled The New World of Marketing for Real Estate Agents (Early Adopters:\u00a0 The New Millionaires).\u00a0 The book will be available on Amazon for $14.95, but what\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3689,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3689\/the-new-real-estate-model-part-3-patrick-dunne-purcell-a-real-estate-firm\/","url_meta":{"origin":1505,"position":2},"title":"The New Real Estate Model – Part 3.2: Patrick, Dunne & Purcell, A Real Estate Firm","author":"Sean Purcell","date":"August 4, 2008","format":false,"excerpt":"A Real Estate Firm based on the legal model could have many looks, as do actual law firms.\u00a0 But for a starting point I am going to lay out an achievable structure that will accommodate the greatest majority of agents.\u00a0 The firm would consist of three distinct levels as well\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9510,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9510\/i%e2%80%99ve-got-friends-in-loan-places%e2%80%a6\/","url_meta":{"origin":1505,"position":3},"title":"I\u2019ve got friends in Loan Places\u2026","author":"Jessica Horton","date":"August 14, 2009","format":false,"excerpt":"Radio Announcer: Don\u2019t touch that dial! It\u2019s time for crying, loving or leaving. And this first song has it all! It\u2019s Jessica Horton with her debut song, \u201cI\u2019ve Got Friends in Loan Places\u201d from the album: \u201cIf Tomorrow\u2019s Closing Never Comes (The thunder is gonna roll!)\u201d. Blame it all on\u2026","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11202,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/11202\/agents-of-change\/","url_meta":{"origin":1505,"position":4},"title":"Agents of Change","author":"Glenn Kelman","date":"February 8, 2010","format":false,"excerpt":"Don Stewart posed an interesting question this morning about whether real estate is changing top-down from the broker or bottoms-up from the agent. In a post about how Redfin sees the real estate industry changing, Don suggested we had focused too much on the laws, the brokers, the MLS data\u2026","rel":"","context":"In "Dual Agency"","block_context":{"text":"Dual Agency","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dual-agency\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8579,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8579\/can-a-realtor-truly-be-a-consumer-advocate\/","url_meta":{"origin":1505,"position":5},"title":"Can a REALTOR Truly be a Consumer Advocate?","author":"Thomas Hall","date":"June 1, 2009","format":false,"excerpt":"My query is sincere.\u00a0 But first, I want to make a distinction between a REALTOR and a licensed real estate agent.\u00a0 NAR tells consumers to seek the counsel of REALTOR - in fact, make sure they are working with a REALTOR, leading consumers to believe that a licensed real estate\u2026","rel":"","context":"In "Dirty Laundry"","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1505"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1505\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}