Thursday, March 22, 2012

Introducing The Wise Words Series: Installment #1 ? Career Advice ...

by Bruce Kirsch on March 22, 2012

One of the benefits of going to business school is that a lot of very successful people come to campus and speak about their careers and the real estate business in general. They also offer career advice if you get a one-on-one opportunity to ask them for it. I was lucky in that I listened to and met with many of these CRE stars, and I always took notes furiously to make sure that I wouldn?t forget the lessons and pearls of wisdom being offered.

I unearthed my notes the other day and thought that it would make a great series in the blog, which we are calling Wise Words. To protect the innocent, I will not identify the source of the wisdom/advice.

Note: Not everything is earth-shatteringly brilliant or insightful, but everything is informed by decades of experience, and there is significant value in that alone.

Here goes with the first installment: Career Advice: Joining A Small Company When Coming Out of Graduate School

Risks of joining a small company:

  • not enough deal flow
  • will you get along with them? The success of working in a small company depends on getting along with the people, especially the principal
  • if it blows up, where does that leave you? (vs. having a big brand firm name on your resume)

Benefits of joining a small company:

  • you will learn a lot about a lot of facets of the business, and you can make a noticeable impact right away
  • typically more exciting than working for a company with hundreds or thousands of employees
  • fewer competitors internally for eventually being granted equity in deals.

Thoughts? Additions?

?

Source: http://www.getrefm.com/blog/2012/03/introducing-the-wise-words-series-installment-1-career-advice-big-vs-small-company/

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