Daily insights for city builders, delivered every morning at 6 AM ET. I’m Brandon Donnelly — a Toronto-based real estate developer and founder of Globizen. I’ve been writing here since 2013.

Tag: relationships

  • The double opt-in introduction rule

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    I am a fan of the double opt-in introduction. I am guilty of not doing it, but I’ve been hearing of this approach from a few people and I think it makes a lot of sense. And it is probably only going to make more sense as we all become even more connected.

    The way the double opt-in introduction works is that before you make a cold introduction, you simply ask both parties if they would like to be introduced to the other party. If one party doesn’t opt-in, then you don’t make the introduction. Simple.

    The reason this is so valuable is because, without this double opt-in framework, it can be easy to get sucked into a call or meeting that you may not want to be a part of, which in turn means that you’re not in control of and managing your own schedule. Somebody else is doing that for you.

    This may seem harsh, but as we’ve discussed before on the blog, there’s a ton of value in saying no. We all need filters, especially today. And if we don’t say no often enough, we’re all bound to run out of time for the things that really matter and that we should be focusing our attention on.

    The underlying principle behind the double opt-in introduction is that it’s a lot easier to say no to an introducer than it is to a person you have just been introduced to: “Sorry, I have no interest in talking and/or meeting you.” Now that’s not very nice.

    Photo by Andrew Neel on Unsplash

  • Building relationships

    2003/2004 was roughly the time period when I started to become interested in development as a career. My good friend Rick Sole and I used to talk about it all the time in architecture school. How do we break into this space? There are no formal paths, like law for instance, and so we felt like we had to create our own opportunities.

    What I ended up doing was creating a list of every developer that I felt was doing cool and interesting work. I didn’t know enough about the industry at the time to assess other things and so that was really my only criteria. Do they care about design in their projects? I then started cold emailing and cold calling.

    Not everyone got back to me, but many did and some agreed to meet with me. This was at a time when I had zero experience and I was frankly not very valuable as a hire. So I am incredibly grateful to all of the people who said yes and took the time to speak and meet with me.

    As you go through your career, this curve eventually flips. You go from having no experience and begging people to meet with you to having experience (and other things you can offer people) and people now wanting to meet with you. Generally people want to meet when they think they can gain from you.

    But the best way to build a relationship is to start when you don’t need anything. I will never forget the people that met with me when I had nothing to offer them. And you can bet that I will always have all the time in the world for them.

    I’m not going to claim that I respond to every one of my cold emails. I definitely do not. But I respond to as many as I can and I try and pay it forward with some time. You could say it’s playing the long game, but it’s probably also the right thing to do.

    How do you approach relationship building?

  • Formula for life

    https://500px.com/embed.js

    Earlier this week I somehow stumbled on an old (2012) Medium story by Ev Williams, called, Formula for Entrepreneurial Success. (Ev is the cofounder of Medium, Twitter, and Blogger. He basically invented blogging.)

    His post includes 5 short recommendations, and is obviously aimed at entrepreneurs, but I think the lessons also apply more broadly to life in general. They resonated with me, so I thought they might also resonate with you.

    So whether you’re starting a company, developing a new building, or just living life, here are Ev’s 5 points:

    1. Work with amazing people. Don’t compromise on who you choose to found your company with and hire. Do not put up with ego-centric personalities or downer attitudes.

    2. Take on big challenges. It’s pretty simple: Hard things are valuable; easy things are not so valuable. Reaching the mountaintop is rewarding because it is hard. If it was easy, everybody would do it.

    3. Focus. Say no to most things: Features. People. Partnerships. “Coffees.” Projects. Only a few of them really matter. (Yes, it’s hard to know which.) Don’t get distracted.

    4. Take care of yourself. When you don’t sleep, eat crap, don’t exercise, and are living off adrenaline for too long, your performance suffers. Your decisions suffer. Your company suffers.

    5. Love those close to you. Failure of your company is not failure in life. Failure in your relationships is.

    If I had to pick one of the items from this list, I’d say I struggle the most with focus. It’s not that I can’t focus and complete tasks, it’s that I’m the kind of person who wants to fill every second of the day with something meaningful. And when people email me wanting to go for coffee or help with something, I want to do it.

    But unfortunately, time is a hugely valuable commodity and you have to be selective.

    So surround yourself with amazing people. Don’t be afraid of big challenges and risks. Focus. Eat well and lift weights (my preference). And love the important people in your life.