Category: Women in Business


Setting Up Email  Personally, I won’t hire someone who uses a personal email account to manage their business email. To me, that says that they aren’t really serious about their business. What happens when the business grows to 10 people? Will all team members have their own email? If someone leaves the business, what happens to their email account? You don’t ever want to change your email ... Read More
July 21, 2020Lynn Drake


Hiring  I had enough money to hire one part-time person when I first started. I placed ads on national staffing sites, and since the economy was struggling and many people were looking for work, I received a large number of possible applicants. It didn’t take too long to find my first staff member. She had significant experience and ended up staying with Compass for many ... Read More
June 25, 2020Lynn Drake


Finding a place to operate the business  As a commercial realtor, this should be easy right? Finding the space wasn’t an issue, but my limited budget was. As a single mom in 2010, with one child and a big house to pay for, it was easy to imagine the vacant bedrooms as offices. Since I didn’t want to look like a business operating out ... Read More
May 28, 2020Lynn Drake


If you are looking for some additional funding options during COVID-19 check out this list of options provided by Mariyah Saifuddin. Click here: Funding Options During COVID 19.          
May 11, 2020Lynn Drake


Compass Commercial CEO Lynn Drake recently spoke for the Troy Chamber of Commerce on CRE Strategies During COVID-19. Here is the video from that presentation.   You can also view the PowerPoint presentation here CRE-Stratetegies-Troy-Chamber-4-2020.        
May 1, 2020Lynn Drake


Got Money, Now What?   When I worked for Kelly Services as the Head of Real Estate, we had an ISO process that each department was required to complete. I recall thinking that this was a huge waste of time. Part of the requirement was to create a process documenting every step of all the processes in my department. The goal was to find where things fell through the cracks and then ... Read More
April 20, 2020Lynn Drake


Government and Banks   Once we had the name, we needed to register the business with the State of Michigan. I didn’t realize how easy this was, so I hired an attorney to register the business, obtain a federal ID number, and prepare Articles of Operation.    Once you have your federal ID number, it’s time to go to the bank, open a checking account, and apply for a ... Read More
March 11, 2020Lynn Drake


What's In A Name?    Finding a name for your business can be tricky. I didn’t want to use my last name, so I went searching for a viable name. While this might seem like a relatively simple step, there is more to it than most people imagine. Start by thinking about the type of firm you ... Read More
February 18, 2020Lynn Drake



How to Start a New Business

Why Did I Open Compass Commercial?    Before opening Compass, I worked for a large and exclusively tenant-focused rep firm in my area.  Like a lot of people who decide to open their own firm, I left because I didn’t feel as if I was being treated fairly. The management had changed, and the new manager didn’t treat us as members of a professional ... Read More
January 16, 2020Lynn Drake



Inspiration from Julia Child

February 10, 2017Lynn Drake