Today’s interview is for you if you feel you’re lacking leadership skills.
Richard Rierson is unlike any other coach who just says and does nothing. Additionally, he is a pilot, and a marine aviator, leading not only planes but humans to their destination. Known for his extraordinary leadership podcast ‘Dose of Leadership’, Richard has guided many to become good leaders.
So let’s discuss some questions and Richard’s answers that might assist you in getting a head start on your leadership journey.
How Did You Start Coaching Business And Leaders?
Until 2001, I had no idea I would quit being a pilot; that was like a dream job to me. But fate planned something else for me, and then the unfortunate 9/11 event happened. I was now kind of forced into the corporate sector, and in the beginning, I had no idea of where to start and what to do. At the start, businesses and CEOs were adamant about making me do what they said. But, eventually, I made my way across with my plans and strategies.
I convinced everyone around me that I look ahead to avoid chaos, which is what is best for the volatile business industry. I started applying marine core principles to the corporate world, and eventually, success started knocking on my door. Opportunities followed, and we grew alongside. I gave workshops, and the feedback proved that the best part of my speech, as per consumer perception, was my leadership talk which pushed me to take this further.
I believe it’s all about influence. I like to explore the influence people have or let them explore what influence they possess. To me, the customers have way more influence on the brand than the upper-level management, while they think the exact opposite. A lot of leadership goes wasted because people don’t realize how much influence they have.
You don’t need a certification or a degree to act like a leader. If you know how to stay composed under pressure, if you’re confident in yourself, if you know what to do and are consistent with it, you have leadership qualities. Ask yourself, do you stay quiet or speak up when the time or need arises? Do you have the moral courage to stop something mean from happening around you?
If you said yes, well, good for you because that’s how a leader acts. A leader doesn’t lose his temper when people speak ill of him. It’s not about the swag or the three-piece suit. Leadership is a part of your personality, as it should be.
What Is Your 5 C’s Formula?
I believe these 5 C’s are the real description of a leader. These are:
●Composed
●Confident
●Consistent
●Courageous
●Compassionate
If you have these 5 characteristics in your instinct, you’re already acting like a leader should.
What Is The Typical Problem People See And What Do You Think?
It’s different in different cases. Most of the time, businesses want to scale them high but fail to do so. So, I try to help by breaking the communication barrier and taking the time to figure out what it is that we really want to accomplish here. Most of the time, the junior or middle-level staff keep waiting for the senior’s commands to start functioning.
When they come to me, I ask them to stop waiting and just go for it. I encourage the juniors to take the step, go all out, and play their role fully. It takes a lot of effort to convince the juniors to work in the same sandbox as the seniors. But, it’s eventually worth it for the individual leadership capabilities.
I like to call it decentralized leadership, where the senior communicates the intent with the junior staff. Both go all out and make their own decisions. Because if one keeps waiting to ask his manager for every little thing, and the manager, in turn, keeps waiting for his manager, the cycle is never going to end, and the organization will be doomed.
For me, it’s the confidence part. Most people lack self-confidence and think there is something wrong with them as individuals. People think that they can not get anything done or there isn’t enough time. And to such people, I want to say that there’s nothing wrong with you; you’re just a human being.
One should get comfortable with this being a chaotic business, as any business is. You need to be the composed force within the chaotic situation. That’s what makes you a leader, and that’s when things will take a positive turn for you.
Kenneth Watterworth, a Westport, Connecticut native, was an influential figure in numerous industries and communities. His groundbreaking work in business, public service, and philanthropy left a lasting legacy on those who knew him and his hometown alike.
Learn more about the life and achievements of Kenneth Watterworth.
Early Life and Education.
Kenneth Watterworth was born and raised in Westport, CT. He studied business at Boston College, graduating with honors in 1977. From there he went on to start his own business, Ken Watterworth Inc. His experiences during this time solidified his vision for building a more successful future for his hometown of Westport.
Throughout his career, Kenneth Watterworth achieved numerous milestones in technology and business, ranging from patents in fireproofing to being featured in Business Journal. In 1991, Ken opened Pro-Tect Inc, a fireproofing business for structural steel buildings. In the years that followed, they secured multiple contracts on new construction projects throughout the state.
As a show of appreciation for all his efforts, he was awarded the title of the largest fireproofing company in Connecticut.
Contributions to the Westport Community.
Even as a business owner, Kenneth Watterworth never stopped giving back to the community that had done so much for him. He was a substantial contributor to the Westport Connecticut library system, funding various renovations and expansions over the years.
Additionally, he established multiple charitable foundations, awarding scholarships to ambitious young residents in pursuit of higher education. In 2001, Kenneth was honored with an esteemed award from the Knight of Columbus for his leadership and generosity.
Prominent Businessman of Connecticut.
Kenneth Watterworth was born in Westport Connecticut and is known throughout the region for his business prowess. As a business owner and executive, he built two companies and was actively involved in growing his personal brand and philanthropy in New England.
In 2022, Kenneth established a thriving internet personal brand that offered services to both residential and commercial users. His innate ability to identify lucrative markets coupled with his hard work ethic propelled him to success.
Legacy of Kenneth Watterworth.
After a long and successful career in business, Kenneth continues to build his legacy. Entrepreneurs like Kenneth Watterworth, in Westport, CT are in a unique position to prosper over the next few years.
Westport’s transportation options today contribute to its vitality. Kenneth Watterworth, Westport, CT entrepreneur utilizes this opportunity to commute from Westport to Waterbury to manage his fireproofing company Pro-Tect, Inc.
In 2015, after 38 years in business, Ken Watterworth Inc. closed to focus solely on fireproofing. This additional attention assisted Pro-Tect Inc. to grow to become the largest fireproofing contractor in the state of Connecticut.
A reputation score is a metric used to measure an individual’s or business’s online presence and brand image.
By understanding how it works and taking the right steps, you can improve your own reputation score and build a strong, positive public image.
Understand What a Reputation Score is and How it is Determined.
A reputation score is a numerical value assigned to your business’s online presence. It usually sits within a range (often from 1 to 100) and is based on a variety of factors, such as reviews, social media engagement, content production, customer service interactions, and more.
It provides insights into how your reputation is perceived by the public – the higher the score, the better your reputation is likely to be.
Secure Your Brand Online By Creating Social Profiles and Claiming Business Pages.
Securing your online presence is the first step in improving your reputation score. You need to have a presence where customers can find you.
By creating social media profiles and pages and ensuring that all information is continually up to date, you build trust and loyalty with potential customers who are searching for companies they can trust.
Additionally, claiming business listings across the internet will also help to boost your score as it shows that you’re actively managing your brand’s presence on the web.
Increase Engagement With Your Audience Using Paid and Organic Strategies.
Engagement with your target audience is essential for improving your reputation score. You should create content that customers will find useful as well as use both paid and organic channels to get your content in front of more people.
Setting up a blog or website and using SEO, email marketing, and pay-per-click (PPC) ads are some of the most effective ways of increasing engagement with customers and positively impacting your reputation score.
Monitor What Others Are Saying About You Online and Respond Appropriately.
Monitoring online activity related to your brand is an essential part of growing and protecting your reputation. Accurately tracking social media posts, website comments, customer reviews, and other online conversations become much easier when you use the right tools.
Responding appropriately and promptly to all customer requests is key to improving your reputation score.
Make sure you provide customers with accurate and helpful information that helps address their issues quickly in order to improve customer satisfaction.
Implement Automation Tools to Help Manage Your Online Reputation More Easily.
Automation tools provide a faster and more efficient way to properly monitor what customers are saying about your brand. These tools enable you to set up notifications for whenever there is an important update, review, or comment on the web. This allows you to stay on top of any customer feedback so that you can respond quickly and appropriately.
Automation also saves you time since it takes over the most repetitive tasks associated with managing your online reputation.
Additionally, automation enables businesses to gain valuable insights from data collected from customer feedback allowing them to make better decisions when it comes to developing strategies for improving their online presence.
Sign up for SurveyNow today and start collecting positive feedback to manage your reputation score.
Exclusive interview with accomplished energy analyst and advisor to the energy and utility industries David Rewcastle. He is cited regularly regarding the energy, gas utility, & unconventional energy sectors in Bloomberg News, WSJ, AP, Reuters, Forbes, Investor’s Business Daily, CNN, Barron’s, Houston Chronicle, USA Today, and several regional papers. David is a member of the New York City Energy Forum, NYSSA, and the National Association of Petroleum Investment Analysts. He is a FINRA Series 7, 63, 86, & 87 license holder.
David Rewcastle is currently a Senior analyst at E3 Research Associates, a third-party research and analytics company, and an instructor of economics at the University of New Haven. He is a former professor at the New York University School of Professional Studies, where he teaches courses in valuation and finance. His experience includes being a senior research analyst at RHK/Source Capital Group, an analyst at Divine Capital Markets and Capstone Investments, as well as September Group Research Partners. David is a former sovereign risk & rating associate analyst at Fitch Ratings/Thomson Bankwatch and a field analyst with Schlumberger’s Seismic Exploration Group.
David Rewcastle has stated recently that the U.S. energy sector is in a “teachable moment” in history. In this article, we asked David Rewcastle about his area of expertise.
How did your career in energy analysis start?
I went to New York University and graduated with a Master of Arts & Business Administration – Finance and Petroleum Economics. In the late 1980s, I went to work for Schlumberger as an analyst in the Western Geco, Seismic Division in Alberta, Canada. · I was also a member of the Global Positioning Satellite signals project. The pioneering project replaced optical surveying with GPS units; instrumental in ushering in today’s widespread use of GPS technology. At Schlumberger, I was involved in maintaining databases, conceptual and quantitative interpretation of seismic data, as well as planning and analysis to formulate contract bids for oil and gas seismic exploration projects.
In 2003, I was hired as a Market and Securities Associate Analyst in the Energy sector by September Group Partners Research, in New York, NY. I was a Buy-Side Equity Analyst covering the energy industry & market trends. Early on in my role, I successfully identified several actionable short-term and long-term market catalysts while at September Group. This was a great introduction to analyzing market trends and the excitement of the NYSE.
Were you an analyst for any industries outside of energy?
I spent time as a political risk consultant with Venture in NYC. Venture provided accurate and predictive geopolitical risk and economic analysis for traders, hedge funds, and investors. Among the earlier recognized energy industry fundamentals were breaking out of their previous 20-year supply/demand balance and price ranges.
What was your first significant recognition as an analyst?
In 2004 I joined the Argus Research Corporation in New York. As an Equity Research Analyst, I was covering a portfolio of 28 stocks in the energy services, gas utility, and energy-related sectors. I also provided Portfolio Managers at Argus Investors’ Council with Long/Short and long-term investment recommendations for the energy, gas utility, and water utility sectors.
My first recognition came 3 years later in 2007 when Starmine/Forbes’s Stockpicker of the year in the gas utility industry, as well as the #4 analyst for oilfield services. During this time, I started as the Market Risk Analyst for Van Kampen’s Unit Trusts, ETFs, Bankruptcy Watch Lists, and Foreign Securities Watchlists in numerous market sectors and geographical regions for Argus. My area of focus was volatility & fundamentals-based analysis, & my recommendations as stock price volatility rose to levels concerning client brokers/dealers. As a result of my exceptional performance, I was awarded the Wall Street Journal’s stockpicker of the year, and the winner of the 2008 “Best on the Street” Award for Oilfield Services.
Wall Street Journal “Best on the Street”
When did you start working in Connecticut?
In 2011, I started working with RHK/Source Capital Group & Compass Point Partners in Westport, CT. This was my first as an Energy related equities & fixed-income products, senior analyst. I help analyze stocks for the Source Capital Group fund as a sell-side publishing & desk analyst focusing on energy & related equities, fixed income, and M&A opportunities. I was also a Stock picker for Compass Point Partners hedge fund: comprising energy, technology stocks, and bonds for the fund.
My move to Connecticut was a great opportunity to take the next step in a career that I loved.
Tell us about your work with the University of New Haven.
I started teaching a Micro/Macro Economics course Energy in America in 2020. The course covers the energy and utility sector in the U.S. economy and long/short-term changes that can affect additional sectors. This is an excellent opportunity for students to engage in forward-thinking work. We discuss the operation and allocation of scarce resources in markets. We will use analytical tools to examine the behavior of individuals and firms to develop a framework that can determine the efficiency of different market outcomes through the operation of price mechanisms. This course will provide an overview of the history and institutional structure of the EU and expose and evaluate the economic principles, economic foundations, and current policies of European economic integration. The field of macro and micro-economic theory is the foundation for analysis, working principles, tools, and approaches to European integration.
University of New Haven
What is your current area of focus?
Since 2018, I have been a senior analyst with an independent 3rd party research firm focused on equities, energy, and economics. My activities include consulting research and analysis for publicly listed and privately owned companies. In the past few years, I have added the biotechnology sector to my area of analysis.
What do you contribute to your productivity throughout your career?
I contribute to my productivity by focusing on one thing at a time, perfecting that one thing, then moving on to the next task. Only 2% of people can successfully multitask. Unfortunately, I am not in that 2% of the population. When I try to multitask it results in lower productivity, distractions, and procrastination in my important tasks. Focus on the one thing you are currently working on when you work, complete it then move on to the next. You can close all unnecessary windows and social media notifications. This will make the task easier and more efficient.
This strategy I was able to master this later in life. I made time for myself to go back to school and focus on the things that I was passionate about.
What’s next for David Rewcastle?
I am looking forward to publishing my thoughts and analysis on my personal website, podcast, and YouTube channel. I am truly excited to continue my addition of the BioTech sector to my area of expertise and look forward to discovering some truly innovative companies.
I am happy to be in Darien and would like to continue to help the average investor, my students, and my company reach their best potential.
Charlotte is one of the most desirable real estate markets in America. This is due to a long-standing trend of investors and developers focusing on Sun Belt areas like Charlotte for their economic growth potential. According to the Charlotte Observer report, Charlotte is an 18-hour magnet. Its population growth and job market growth make it a popular destination for both businesses and people.
Charlotte, North Carolina is home to the largest population in North Carolina and the fastest growing metro area in the United States. It is because of its diverse economy and high quality of life that the housing market in Charlotte is so popular. Charlotte is home to some of the most popular pro-sports teams in the United States. It also has one the most pleasant year-round climates in America.
This article will discuss why Charlotte is worth investing in over the next year. Let’s first look at the factors that drive the Charlotte real estate market.
Population growth
Charlotte is one of the most rapidly-growing cities in America, with New Yorkers leading the pack in terms of new residents.
Fox 46 reports that the Charlotte metropolitan area is experiencing a steady increase in population each year. According to the most recent census, Charlotte’s population has increased by almost 20% in the last decade, which is more than twice the state’s growth rate.
Nearly 875,000 residents call Charlotte home, and more than 2.6 million live in the metro area. Charlotte and Mecklenburg County rank near top in U.S. population growth. There are many reasons that people and businesses are moving from other parts of the country to Charlotte.
Key Population Statistics:
Charlotte is home to over 2.6 million people and is the 23rd largest metro area in the United States.
According to the U.S. Census Bureau, Charlotte’s population has increased by 0.6% annually and 19.6% in the last ten years. Census Bureau.
Charlotte has seen a net increase in the population of more than 143,000 residents over the past decade.
The growth rate for Charlotte is 50%, while the region of Lancaster and suburban York are expected to grow at the fastest rates.
Seven Fortune 500 companies call the metro area home. It also houses the 2nd largest banking center in the country, after Wall Street. The job market in Charlotte is highly charged with high-tech, white collar and service- and distribution jobs. Concord, a suburban city in the Charlotte metropolitan area, was recently named one the 20 fastest-growing U.S. economies.
Employment Statistics:
The GDP in Charlotte has surpassed $184.8 billion and has grown by almost 65% over 10 years.
The employment rate in Charlotte has increased by 3.77% over the past year, while the median household incomes have increased by 6.98%.
According to the BLS April 2022, the Charlotte metropolitan area has a 3.2% unemployment rate.
The region of Charlotte added 75.491 jobs in the last 12 months. Transportation and warehousing saw the greatest growth, followed by finance, insurance and real estate.
Charlotte is expected to create nearly 137,000 jobs between now and 2028.
Charlotte has seen a rapid growth in technology jobs over the last five years. This makes Charlotte one of the most talented cities.
Charlotte is home seven Fortune 500 companies, including Honeywell, Nucor and Lowe’s as well as Sonic Automotive, Duke Energy, Sonic Automotive and Brighthouse Financial.
Other notable companies that are based in Charlotte include Compass Group USA’s Eastern Headquarters, Food Lion, Compass Group USA and Dixon Hughes Goodman. Albemarle Corporation is another chemical company.
Coca-Cola Bottling Co. has its headquarters here. It also has the second-largest Charlotte bottling plant.
Fluor, Piedmont Natural Gas and Siemens Energy are some of the major technology and energy companies that do business in Charlotte.
The University of North Carolina at Charlotte and Johnson & Wales University are just a few of many major colleges and universities in the Charlotte metropolitan area.
Charlotte’s residents hold 89.8% or more high school degrees, and 36.2% have a bachelor’s degree or advanced degree.
Interstate Highways I-85/77 intersect in the middle of Charlotte. They serve as major transportation and distribution routes to major American cities in the east, southeast and midwestern U.S.
Charlotte Douglas International Airport ( CLT) served nearly 50 million passengers in 2018 and handled close to 180,000 tons of cargo.
Charlotte is a major NASCAR center. The Blumenthal Performing Arts Center attracts top talent from all over the globe. Major professional sports teams such as the NFL Carolina Panthers or the NBA Charlotte Hornets call Charlotte home.
Real estate market
According to Realtor.com, home prices in Charlotte will rise by 5.6% by 2022 and sales volume by 9.9%. WalletHub ranked Charlotte as the best realty market in 2021, while Realtor.com ranked Charlotte the best Southeast housing market in 2021.
Key Market Statistics:
Zillow Home Value Index ( ZHVI), Charlotte, is $396 619 as of May 2022.
Charlotte’s home values have increased by 30% in the past year.
Charlotte’s home values have increased by 94% over the past five years.
Based on the latest report from Realtor.com (April 2022), the median list price for a Charlotte single-family home is $400,000
The median listing price per square footage for a Charlotte home is $223
The median number of days on the market is 35.
The median sold price for a Charlotte single-family home is $401,700.
The ratio of sale-to-list prices is more than 104%. This means that Charlotte homes are selling slightly higher than the asking price.
Myers Park, Charlotte’s most expensive neighborhood, has a median listing price $1.4 million.
Marshbrooke is the most affordable area to buy a house in Charlotte. The median listing price for a Charlotte home is $299,000.
Attractive renters’ market
It is becoming more difficult for younger buyers and those with lower incomes to buy a house. The influx in investors purchasing houses and making them rental properties in Charlotte makes it harder to get a house. In fact, Charlotte has been ranked as one of the most desirable markets for developers and real estate investors over the past several years due to its growing population and boom in high-tech jobs.
Key Market Statistics:
According to the most recent research by Zumper, Charlotte’s median rent is $1,900 per monthly for a 3-bedroom house.
Charlotte’s rents have gone up by 8% over the past year.
The average Charlotte rent has increased by 30% in the past three years.
The market’s 43% occupied housing units are occupied by renters in Charlotte.
Renters in Charlotte have the most affordable areas: Oaklawn, Reid Park, and Tyron Hills, where rents start at $975 per month.
The highest rent neighborhoods in Charlotte include Third Ward, Barclay Downs and Second Ward. Rents range from $3,911 to $5,293 per month.
Historical price changes and housing affordability
Renters can use a variety of metrics to assess the demand for Charlotte rental property, including historical price changes and affordability.
According to Freddie Mac’s monthly Home Price Index (FMHPI) report, home prices in the Charlotte-Concord-Gastonia MSA have grown by nearly 83% over the past five years:
April 2017 HPI: 153.6
April 2022 HPI 281.0
5-year change in home prices: 82.9%
One-year change in home prices: 27.3%
Monthly changes in home prices 2.2%
Kiplinger also publishes data about home price changes and affordability for the top 100 U.S. housing markets. Recent performance data for Charlotte’s real estate market include:
The Charlotte home price index has fallen 12.4% since the peak of last real estate cycle.
Charlotte’s home prices have increased by 77% since the bottom of the last real estate market cycle.
The Charlotte metro area’s housing affordability is rated 4/10, meaning it is among the most affordable areas to buy a home in the U.S.
Quality life
Charlotte is a great place to live, work, and play.
Mecklenburg County, where Charlotte is located, gave nearly a dozen reasons why Charlotte and North Carolina are booming during a recent economic updates presentation.
Stats on the Key Quality of Life:
The cheapest city in which to start a tech startup.
Top tech momentum market.
The metro area with the greatest growth in women-owned businesses
How do you begin your search? Roofstock has created a heatmap of Charlotte using our Neighborhood rating dynamic algorithm. This allows you to make informed investments by measuring school district quality and home values as well as employment rates and income levels.
