Wednesday, September 23, 2009

Stay the Course

Those three words have inspired thousands of individuals for centuries now.  It’s interesting to reflect on the definition.  Wikipedia makes these statements. 

"Stay the course" is a phrase used in the context of a war or battle meaning to pursue a goal regardless of any obstacles or criticism.

Similar to "cut and run", a pejorative phrase used to describe cowardly withdrawal from battle, "stay the course" allegedly originated as a nautical metaphor on maintaining a constant, unaltering course while navigating.

How do these three words inspire you?  What are your business challenges?

Here’s a theoretical list.

  1. Marketing plan-Is it the right one for me? How long should I stick to it?
  2. Competition-What size fish am I in my pond?  What do I do about the bigger fish?
  3. Budgets-Do I spend the money, or do I cut back?  Do I invest or do I ride this economy out?
  4. Training-Do I really need it?  Can I live without it?  Will the cheap version be as effective as the higher quality version?
  5. Occupancy percentages-What really works for resident retention?  Do I use social media or not?

For many multifamily companies its budget time and new fiscal year decisions are being made.  Your leadership training now comes into play with crucial decisions that will affect your company, your team, and yourself.

Now think of our three words.  “STAY THE COURSE”.  In the nautical context, can you envision the captain of the ship who is trying to encourage and convince his entire crew that they will survive the storm?  The course is front of him is uncertain.  It’s hard to see with all the waves pounding against his ship.  Water is flying everywhere.  His crew is being tossed around.  The 1st mate and lieutenants continue to delegate orders so that the ship will not sink.  The captain cannot see clearly what is in front of him, but he has his instruments to tell him where he is going.  His compass has never let him down.  His maps and charts have been accurately created.  His calculations are correct.  He knows that the direction he is taking his crew is true.  He stands at his captain’s wheel and confidently yells out to the crew, “STAY THE COURSE”.

Within our multifamily companies we have our instruments that do not let us down.  We have specific ones to deal with Marketing, Competition, Budgets, Training, and Occupancies.  We have instruments that have stood the test of time and we are discovering new ones that deal with the more current conditions and times we live in.  The message is clear for us.  If we act as leaders within our company, have you ever thought of those three words?

Post written by Jonathan Saar from The Training Factor

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