Leading first development deal?
Hey all, I’m currently a senior analyst at a development shop (been w the firm a little less than 2 years).
Generally the analyst serves in a supporting role for an associate on a deal. However I’ve been asked to champion (lead) my first deal which im excited about but admittedly a little nervous - obviously will have support from my associate but I’ll be the day to day lead.
For the more senior folks on this thread do you have any advice on leading your first deal? All the designers, GCs, and consultants are more experienced and probably knowledgeable than I am. How did you overcome that imposter syndrome feeling?
Bump interested
WallStreetOasis.com I've responded to this thread twice. Both times I've gotten "Error: Comment"
Edit: Of course this one goes through. OP, I will attempt to respond for a third time tomorrow but feel free to DM me. Welcome to the big leagues.
Would appreciate hearing this response.
Hi, the dev team is here.
Were there any other additional error messages?
I suppose the comment you were trying to send orignally wasn't much different from your "Edit" note, right?
Also I guess you are using the web version of the site and not the mobile version, is that correct?
No other additional error messages.
My original comment was a fairly long 5 paragraph response. I assumed it was either too long or something timed out because I wrote it off and on throughout the day in between meetings. My second comment though was just a much shorter bullet point list version of that response, which also got the same error message.
Correct on web version too.
I’ve been waiting for CREs response to this for over 24hrs now the anticipation is killing me
It was only 17 hours when you posted this and you know it
Alright OP, new day new me. Let's try this again (with me making sure to CTRL+C my response before posting).
If you stretch a little, you can even take this specific thread as a good example of how to work through a problem. I posted two responses that didn’t go through, and I could have just thought “eh fuck it half of this stuff I’ve said before maybe they’ll find it somewhere else” and x out of the window. That doesn’t solve the problem though. Instead, I tagged the site owner and told the OP to dm me, I’ve been working with the site dev team to correct the issue, and I made sure this time to write this in Word and copy/paste it over so that if it happens again, I don’t lose time. Now it’s posted – mission accomplished.
10-50 times a day you will be confronted with a random issue in development that you will have to overcome. Some are so simple that it’s annoying people can’t solve them without you. Some are so complex that if you weren’t driving it, it would never get done, and it is not overdramatic to say that the entire deal could fall apart and people would lose millions of dollars. You make sure you ask good questions of your experts and your elders, forge genuine relationships with them, write down everything and organize your life and budget so that nothing slips through the cracks, and approach each project like it is your personal project and without you it will never be successful, and you’ll succeed. You’re in the big leagues now, regardless of your title. Go kick some ass.
Oh and Sylchuk this went through first try, although it was a copy/paste so it also may not have been a proper test for our theory.
See the below interaction with my boss. It should give you a good framework as you get bombarded with questions you are clueless about.
Landscape Architect - Topo looks steep here, do you want a retaining wall?
Me - IDK let me ask my boss
Boss - did the LA recommend a retaining wall?
Me - call back LA, do you recommend a RT wall?
LA - yes, do you want it segmented or poured in place?
Me - IDK let me ask my boss
Boss - What did LA recommend?
Me - call back LA, What do you recommend?
LA - Segmented but you may need an easement. Is that okay?
Me - IDK let me ask my boss
Boss - What did the civil engineer and surveyor say?
And so on.
The point is when faced with a question you are clueless on,
For my retaining wall example, if I went to my boss and said the LA is asking if we want a retaining wall, the LA and Civl recommend a segmented retaining wall and both said segmented is cheaper and the GC confirmed. The only downside is we need a construction easement as the surveyor said we only have 5 ft and we need 10ft to build the wall. Do you want to add the wall? (there is more left here but you got it to 2nd/3rd base then asked for help, not still in the batter's box)
After you go through enough of these, you will know how your boss and company make these decisions, and you will feel more confident in making them without asking.
Given you are posting here asking for advice, I expect you are more likely to waste time trying not to mess up vs making bad decisions. Remember time kills most deals.
Finally, have fun, take notes, and when you and your boss sit down and make decisions at 10PM at night, document them. Your Boss will forget what he told you 6 months ago, and that email you sent you and your boss confirming what you decided will save your ass.
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