This summer has been unseasonably hot in Denver and at several points I’ve heard people commenting that they couldn’t wait for winter to arrive so that it would cool down. The cool down is about to occur with the Farmer’s Almanac predicting a colder than average winter this year. I can already hear the grumbling of people as they anticipate the snow and cold to come. I’m sure those grumbles will turn into more colorful language as people shovel themselves out over the winter months. This whole scenario reminds me of what my dad always use to say to me, “Watch what you wish for … you just might get it.”
Over decades of work I’ve seen the same type of events play out again and again in business settings. There is the troublesome client who we wish we’d never chosen to take on. However, we’ve become accustom to the income their business bring to the bottom line and are unwilling to terminate the relationship. One day, without notice we unexpectedly receive a call from this client who informs us that they are moving their business to a different company. Shock turns to anger and is replaced by disappointment as we face the realization of losing the client. Watch what you wish for … you just might get it.
A few years back the economy was moving so fast that we were overwhelmed with all the business and wishing that things would slow down so that we could catch our breath and enjoy the proceeds of our labor. The next thing we know business is starting to slow down and we are elated at first only to become worried as business declines further and then panicked as business turns into a trickle. Watch what you wish for … you just might get it.
Through the study of history we’ve learned that events repeat themselves and we are destined to face the same challenges and make the same mistakes if we don’t learn from them. I believe now is a good time for business owners to look at their past business decisions and learn from them as we head into a new business cycle. I for one have promised to work harder and play less during the next business cycle if I have the opportunity. I’m wishing for the opportunity … I’m hoping I will get it.
CEO, Managing Broker
Katchen Company, founded in 1962, is an integrated real estate company with its corporate headquarters in Lakewood, Colorado. The company offers real estate development, redevelopment, property management, brokerage, consulting services, construction oversight and maintenance services to individual and institutional real estate investors throughout the greater Denver metropolitan area in Denver with satellite offices in Chicago, Las Vegas and Miami market areas.