Blog
Recently, I had an interesting lunch experience that made me think about how we, as valuation professionals, can improve our services by simplifying processes and systems. I walked into a steakhouse for a quick solo lunch, and they had something called the "executive lunch." It was a simple, three-i...
The law of avoidance is a powerful, often overlooked principle that governs much of our behavior. It's the tendency to avoid situations, changes, or ideas that challenge our status quo, even if those things could bring positive outcomes. The law of avoidance drives us to stay in familiar, often subo...
I've been doing some serious thinking lately, and it's become crystal clear: I need to start taking proactive steps towards success in my appraisal business. Let's face it, the Covid years were a breeze for many of us, with business rolling in without much effort. But guess what? Things have changed...
Change has always been a constant in life, and my career as an appraiser is no exception. It's not always easy to adapt to change, but I've come to realize that it can also present incredible opportunities. As a human being, I too have my comfort zone, my "bubble," and stepping outside of it can be ...
Hey appraisers, let's switch gears a bit and talk about the other side of that all-important profit and loss (P&L) statement – the loss side. We've already discussed the profit side, so now it's time to dive into the expenses that impact our appraisal businesses. After all, understanding both sides ...
Ā Regularly reviewing your profit and loss statement is essential for your appraisal business. As an appraiser, you might not have received training on how to be a CEO or CFO (who has?), but understanding your business's numbers is crucial. If you're not already doing it, make it a habit to assess yo...