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7 Steps to Success

November 10th, 2013 No comments

Want to advance your performance, or that of your team? Then you've come to the right place today!

All success is a matter of systems that are grounded in a set of principles. The proper principles are thus a foundation for any success system you may opt to pursue.

We have a number of secret and less than secret 'weapons' we use in our marketing, sales, management consulting work. There is nothing particularly new about the 7 Habits of Highly Successful People since Stephen Covey first published it, save the fact that it needs to be more broadly understood and applied. This is particularly true for organizations in our industry.

3d_man_with_check_mark-free-digital-photos-net--posted-mhpronews-.jpgLet's take a quick tour, in part courtesy of a summary from Wikipedia  – with some added emphasis of the 7 Habits – and you will see why these principles truly are 7 Steps to Success.

The 7 Habits

The book first introduces the concept of Paradigm Shiftand prepares the reader for a change in mindset. It helps the reader understand that there exists a different perspective, a viewpoint that may be different from his or her own and asserts that two people can see the same thing and yet differ with each other. Once the reader is prepared for this, it introduces the seven habits, in a proper order.

Each chapter is dedicated to one of the habits, which are represented by the following imperatives:brain-success-free-digital-photos-net--posted-mhpronews-.jpg

Independence.

The First Three Habits surround moving from dependence to independence(i.e., self-mastery):

  • Habit 1: Be Proactive

Take initiative in life by realizing that your decisions (and how they align with life's principles) are the primary determining factor for effectiveness in your life. Take responsibility for your choices and the consequences that follow.

  • Habit 2: Begin with the End in Mind

Self-discover and clarify your deeply important character values and life goals. Envision the ideal characteristics for each of your various roles and relationships in life.

  • Habit 3: Put First Things First

A manager must manage his own person. Personally. And managers should implement activities that aim to reach the second habit. Covey says that rule two is the mental creation; rule three is the physical creation.Business_man_climbing_stairs._3d_rendered_illustration-free-digital-photos-net--posted-mhpronews-.jpg

Interdependence.

The next three have to do with Interdependence (i.e., working with others):

  • Habit 4: Think Win-Win

Genuinely strive for mutually beneficial solutions or agreements in your relationships. Value and respect people by understanding a "win" for all is ultimately a better long-term resolution than if only one person in the situation had got his way.

  • Habit 5: Seek First to Understand, Then to be Understood

Use empathic listening to be genuinely influenced by a person, which compels them to reciprocate the listening and take an open mind to being influenced by you. This creates an atmosphere of caring, and positive problem solving.

  • Habit 6: Synergize

Combine the strengths of people through positive teamwork, so as to achieve goals no one person could have done alone.

Continuous Improvement.

The final habit is that of continuous improvement in both the personal and interpersonal spheres of influence.

  • Habit 7: Sharpen the Saw

Balance and renew your resources, energy, and health to create a sustainable, long-term, effective lifestyle. It primarily emphasizes exercise for physical renewal, prayer (meditation, yoga, etc.) and good reading for mental renewal. It also mentions service to society for spiritual renewal.

cash-bag-wikicommons--posted-mhpronews-.jpgCovey explains the "Upward Spiral" model in the sharpening the saw section.

Through our conscience, along with meaningful and consistent progress, the spiral will result in growth, change, and constant improvement. In essence, one is always attempting to integrate and master the principles outlined in The 7 Habits at progressively higher levels at each iteration. Subsequent development on any habit will render a different experience and you will learn the principles with a deeper understanding.

The Upward Spiral model consists of three parts: learn, commit, do. According to Covey, one must be increasingly educating the conscience in order to grow and develop on the upward spiral. The idea of renewal by education will propel one along the path of personal freedom, security, wisdom, and power.

Applications for Manufactured Housing Professionals and Organizations

Let's start with the three parts of the Upward Spiral. Learn. Commit. Do.

In our exclusive interview with Barry Noffsinger from CU Factory Built Lending, Barry said the following, quoting verbatim:

In my view, we have a mainstream product being promoted by an extremely beautiful industry that sometimes suffers from low self-esteem.

With our quality and affordability we should be at the first thought of every stakeholder when it comes to affordable housing options. Instead, sometimes we say yes to the first person to ask us to the prom.

For example, I hear all the time that we need financial institutions to return “to the ‘90’s” and buy deeper. My question is why? Shouldn’t we learn from history?

According to Fair Isaac, 73% of the US population has a credit score over 650. Let’s all be innovative and creative in our own little corner to move our industry from “Boutique” to “Supercenter.””

> Take the first of the 7 Habits. Be pro-active! Take responsibility for whatever your current situation is professionally and as an organization.

> Next, Begin with the End in Mind, and – for example, in the case of financing – we think sustainable lending that benefits borrower, seller and lender then…

> …we are putting First Things First and are Thinking Win-Win. I had top people from three industry lenders at a lunch table at a recent event. The big round table had perhaps 8 others beside myself seated. I asked the lenders for the benefit of all about their losses on repossessions. All agreed that they are at 50% or higher and that this was one of the factors that caused higher rates for a personal property loans. That is not win-win, that is win-lose. It is one of the factors that limits lending in our industry.

Mutual Victories will Advance MH Lending

The takeaway for the above true story is that MH Communities and MH Retailers MUST become part of the profitable solution for lenders and consumers to exit successfully without taking a big hit. That exit has to be similar to the effectiveness of Realtors in the real estate market.

Mutual Victories will reward and attract more MH Homeowners

Once we synergize with lenders, we will attract more good credit and cash customers. Rates for chattel lending will be lower and will be more sustainable. That in turn will attract more lenders to our industry.

This is how 'think win-win' and 'beginning with the end in mind' results in huge mutual victory!

This isn't just a pious idea, it is a practical, profitable and proven principle. By Seeking first to Understand, and then to be Understood, along with Synergizing with lenders, we professionally enjoyed some remarkable successes in our industry during difficult times, and the lenders involved where thrilled too. Had that pattern caught fire then, let me flatly assert we would be selling many times more homes as an industry and would do so with more consumer satisfaction and acceptance than we currently have today.

Weaving Principles into Practice

Once a person understand the basic principles of success, it is time to weave those principles into practice. The best ideas that go in-implemented are like that great recipe that never gets used in the kitchen.

dartboard-success-free-digital-photos-net-posted-mhpronews-.jpgDuring my days owning/managing a Top 100 in the U.S. retail center, now as a publisher and industry consultant, applying such principles have been keys to all that we do. No baseball player bats 1000! But if you bat .300, you are already a star, so long as solid win-win principles underscore all that you do.

Get and read the book 7 Habits of Highly Successful People. Learn the principles. Line up the talent and expertise you need, because it is often required to advance.

You may find this weekend's Masthead blog post that shares an incredible success story worth your time too.

The reason for success stories is that real life success stories remind us that if they did it, you can too. And the reason for 7 Steps to Success is to give you one of the tools that will take you from where you are to where you are could be! Think Big! Day by day, by applying proven principles, you can do it. ##

PS: Check our many Exclusive and Red Hot Featured Articles for November and see the other new stories at MHLivingNews.com too.

L. A. "Tony" KovachL. A. 'Tony' Kovach
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MHC-MD.com | LATonyKovach.com | Office 863-213-4090

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MHCs: New Locations and Expansions

February 9th, 2013 No comments

There are some who are under the mistaken impression that there are 'no new sites' being developed in the manufactured housing communities world. While the numbers are certainly not what they could or should be, anecdotal evidence from callers, email and in person conversations tells me that new sites are being brought on line. Nor are these limited to 'energy boom' areas such as the Eagle Ford, Bakken or Marcellus Shale areas in Texas, North Dakota and OH/PA respectively.

Admittedly, the results being generated in filling newly opened (re-opened) or expansion sites in MHC are mixed. But the fact that some are doing well suggests that others can too, by modifying their marketing and sales approaches.

What we have seen in those areas that are struggling is interesting. Some examples:

  • Where expansion sites are being used, often current community managers are asked to do the job of selling as well as managing.
  • In new communities or those locations where significant numbers of new sites are developed, often dedicated sales people are used. This tends to have better results than trying to teach a community manager the art of selling, especially when those sales involve new homes.
  • The budgets for marketing such expansions range from very modest to amazingly robust.

While bigger budgets naturally tends to drive more traffic, what is all too often evident is that the messages are targeting those who may have 'credit challenges.' These are at locations where the owner/operator of the community has made arrangements for 'captive financing,' third party serviced loans or resourced financing through a financial institution.

Another direction being taken by sizable MHC operations include the liberal use of rental homes. The rentals tend to go faster, in part because they require no long term commitment by the buyer. This is a path of least resistance method. Does it work? Yes. Does it help sales of homes in those communities? Often, not so much, if at all.

A common denominator in many of these programs is mentioning 'second chance financing' or 'less than perfect' credit' OK in one of a variety of ways. Is it any surprise then that such locations see such large numbers of sub 600 credit scores?

Our industry can and should do a more robust outreach to credit worthy buyers. When we do, the results are quite amazing and profitable.

At the upcoming Tunica Manufactured Housing Show in March, we will be doing a free seminar on how to Attract More Customers with Cash or Good Credit. This presentation has been met with enthusiastic reviews at state and regional association meetings and is the basis for much of the work that we do with our client companies in manufactured home communities and retailing.

While many of our clients have been in the land lease communities world, the process can work as well (or better…) for MH Retailers and Developers.

The event is free, but seating will be limited to about 80 attendees. Don't miss it. ##

PS: Check our many Exclusive and Red Hot Featured Articles for February and see the

other new stories at MHLivingNews.com too.

l-a--tony-kovachL. A. "Tony" Kovach

MHLivingNews.com=Re-Discovering and Spotlighting the MHLifeStyle

MHProNews.comMHMSM.com = Industry News, Tips and Views Pros can Use

Services:B2BandB2CAds, Proven MH Marketing & Sales Systems, Websites other Industry Solutions.

Office –815-270-0500

latonyk@gmail.com or tony@mhmsm.com

www.MHC-MD.com

http://www.linkedin.com/in/latonykovach= connect with me on Linkedin.

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Whether you think you can or whether you think you can't, you're right. – Henry Ford