{"id":6014,"date":"2010-12-30T13:41:05","date_gmt":"2010-12-30T18:41:05","guid":{"rendered":"https:\/\/bhgrealestateblog.com\/?p=6014"},"modified":"2024-12-30T11:24:15","modified_gmt":"2024-12-30T16:24:15","slug":"the-new-normal","status":"publish","type":"post","link":"https:\/\/bhgrecareer.com\/bebetterblog\/the-new-normal\/","title":{"rendered":"The New Normal"},"content":{"rendered":"<p style=\"text-align: justify\">In a year of many new buzzwords, and \u201cbuzz phrases\u201d the one that stands out for me is the \u201cnew normal\u201d. According to <a href=\"http:\/\/www.businessweek.com\/magazine\/content\/10_52\/b4209015565521.htm\" target=\"_blank\" rel=\"noopener\">this Bloomberg article<\/a>, the phrase was originally coined by New York Mayor Fiorello La Guardia in 1939. That was a decade into the Great Depression. That sort of confirms another buzz phrase \u201ceverything old is new again\u201d.<\/p>\n<p style=\"text-align: justify\">So what is the new normal in real estate? Here are some of my observations:<\/p>\n<ul style=\"text-align: justify\">\n<li><strong>Rightsizing your business. <\/strong>This can mean growing, downsizing or partnering. Whatever it takes to become profitable again is what needs to be done.<\/li>\n<li><strong>Small is the new big.<\/strong> Dozens of incubator brokerage start-ups are emerging and pioneering new ways to streamline our industry. Check out some of these pioneers on our <a href=\"https:\/\/bhgrealestateblog.com\/beta-brokerage\/\" target=\"_blank\" rel=\"noopener\">Beta Broker site<\/a>.<\/li>\n<li><strong><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium wp-image-6020 alignright\" style=\"margin-left: 5px;margin-right: 5px\" title=\"BarCamp\" src=\"https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2010\/12\/BarCampBadges-300x199.jpg\" alt=\"\" width=\"300\" height=\"199\" \/>Collaboration. <\/strong> The willingness to share has never been more predominant. Have you been to a <a href=\"http:\/\/rebarcamp.com\/\" target=\"_blank\" rel=\"noopener\">real estate barcamp<\/a> yet? The next generation of our industry understands the power of sharing.<\/li>\n<li><strong>Education.<\/strong> There is a significant need that is being met by a new generation of educators. This goes beyond best practices and speaks to the need to understand the buyers and sellers of tomorrow and how to exceed their expectations.<\/li>\n<li><strong>Strategic Partnerships.<\/strong> Being fiercely independent just doesn\u2019t cut it anymore. Acknowledging that others can actually add value to your business and help you achieve your goals is a good first step to becoming more strategic in general.<\/li>\n<\/ul>\n<p style=\"text-align: justify\">Did we really become an overblown, big is best, \u201cI can do anything industry\u201d in the glory days? Competing with each other at any cost? We have a huge opportunity in front of us to acknowledge that everything old is new again, and now is the time to adopt the new normal. Happy New Year!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a year of many new buzzwords, and \u201cbuzz phrases\u201d the one that stands out for me is the \u201cnew normal\u201d. According to this Bloomberg article, the phrase was originally coined by New York Mayor Fiorello La Guardia in 1939. That was a decade into the Great Depression. That sort of confirms another buzz phrase [&hellip;]<\/p>\n","protected":false},"author":181,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,61],"tags":[3871,4881,6101,6581,6591,12131,12751,17331,20821,20891,28941,29601,29981,30951,31871,33891,33981,39081],"class_list":["post-6014","post","type-post","status-publish","format-standard","hentry","category-brokerage-operations","category-commentary","tag-beta-brokerage","tag-bloomberg","tag-business","tag-buzz","tag-buzzwords","tag-downsizing","tag-educators-education","tag-great-depression","tag-independent","tag-industry","tag-new-york","tag-observations","tag-online","tag-partnership","tag-pioneers","tag-re-barcamp","tag-real-estate","tag-sharing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The New Normal - Better Homes and Gardens Real Estate Be Better Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhgrecareer.com\/bebetterblog\/the-new-normal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The New Normal - Better Homes and Gardens Real Estate Be Better Blog\" \/>\n<meta property=\"og:description\" content=\"In a year of many new buzzwords, and \u201cbuzz phrases\u201d the one that stands out for me is the \u201cnew normal\u201d. 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