Author Archives: Barry Gilbertson
If you had to rank the challenges you face in business – what would you put top? A recent RICS survey asked people running small property companies and professional services to do just that. They answered as follows:
- Cash flow 41 per cent
- Access to contracts 19 per cent
- Red tape 11 per cent
- Bank support 10 per cent
- The rest were a mix of smaller issues
What does this tell us? First, money is very tight. Secondly, finding work is hard. Thirdly, bureaucracy makes life difficult. No big insights there perhaps.
However, it seems that working capital is not perhaps as big a problem as many commentators consider it to be.. Read the rest of this entry »
What can and should companies be doing to survive? Read Barry’s CoStar Guest Column…
A recent RICS survey asked people running small property companies and professional services firms to rank the challenges they faced. Before branching out on my own this year, I spent the last 15 years as a partner at PwC helping companies in distress to survive by reducing costs or to increase profits, so I found this fascinating. Read the rest of this entry »
On a very cold early October morning in Virginia Beach, a small group comprising an escaped convict, a clown, two pink fairies and a butler in a black and white morph suit gathered outside the VB Conference Centre along with 7,000 other Halloween runners, joggers and walkers. The Wicked 10k Halloween Run was about to begin. Read the rest of this entry »
Why there are so few property experts on the board? Read Barry’s CoStar’s Guest Column to view the article in full or read below.
Writing for CoStar Barry suggests ways to break through barriers.
When I was growing up as a surveyor, I was always surprised that boards of companies, whether public or private, did not have more property expert directors. Why ? Well, it seemed to me that, simplistically, a corporate balance sheet really only has three basic components : money (cash, debt, equity), goodwill and assets. For most companies, the fixed assets are the properties that they own or lease. Without such expert real estate knowledge right at the top of the company, how can the right strategic property decisions be made, and how can the board best determine where, when and how to buy, lease or occupy property from which to trade, or in which to invest.