Multifamily leadership
The Benefits of Grab-and-Go Markets for Multifamily Properties
Photo by Brian Taylor on Unsplash
Grab-and-go markets are becoming an increasingly popular amenity in multifamily properties, and it’s easy to see why. These small convenience stores on the property provide residents with a convenient and hassle-free way to purchase items like snacks, drinks, and other essentials. An in-house market can be a true differentiator in the amenity race.
One of the main advantages of grab-and-go markets is that they provide an additional revenue stream for the property. Instead of losing business to nearby convenience stores, residents can charge their purchases to their units, which can help offset the costs of maintaining the market and boost the property’s bottom line.
In addition to providing a financial benefit, grab-and-go markets can also serve as a valuable amenity for residents. Imagine the benefit of having an in-house market when you need something quick but don’t have the time or energy to leave the property to purchase items. Residents can step out of their doors and head to the market for whatever they need. This can be especially useful for residents who don’t have car access or don’t want to drive to a store.
Another advantage of grab-and-go markets is that they can be an excellent way for property owners to show that they are responsive to the needs and desires of their residents. By providing a convenient and accessible place to purchase items, property owners can demonstrate that they are attuned to the needs of their renters and are willing to invest in amenities that make their lives easier.
Grab-and-go markets can be a win-win for property owners and residents. They provide an additional revenue stream for the property while serving as a valuable amenity for residents. As such, they are likely to continue gaining popularity in the multifamily industry.
One example: Impulsify – A fully loaded retail program that automates deployment and procurement to give non-retailers the confidence they need to run a profitable grab-and-go shop. From retail design to acquisition to account management, we have you covered.
Share this:
The Power of Reflection: How to Be a Mirror of Inspiration
The Power of Reflection: How to Be a Mirror of Inspiration
In the words of Edith Wharton, “There are two ways of spreading light: to be the candle or the mirror that reflects it.” This quote speaks to our power to influence and inspire others and the two paths we can take.
Being a candle means taking the lead and actively shining a light on the world. It means providing inspiration and guidance for others and offering our knowledge and expertise to those who need it. This role requires courage and determination, seizing the spotlight, and vulnerability. You can be a candle. Just choose.
On the other hand, we can also choose to be a mirror that reflects the light of others. This means being open and receptive to the ideas and experiences of those around us and using our insights and perspective to amplify their message. By reflecting the light of others, we can help to spread their ideas and inspire change on a larger scale. You can also choose to be a mirror. Just choose.
Ultimately, both paths have the potential to make a positive impact on the world. Whether we choose to be a candle or a mirror, the most important thing is to use our unique talents and abilities to make a difference in the lives of those around us. So let’s all strive to be a source of light and inspiration and watch as it spreads far and wide.
Share this:
Mission, Purpose, and Trust
Photo by Ian Schneider on Unsplash
Imagine you signed up for a class or training session. You and your classmates gather at the appointed time, and without so much as an introduction, the instruction begins to lead you on a walk. You don’t know where you are going or anything about the person at the front of the pack. Throughout the trip, your sense of safety erodes. What is the point of all this? Do I trust that this is for my betterment? Or should I abandon the whole thing at my first opportunity? That’s where mission, purpose, and trust come in.
When building a successful company, there are three key things to focus on mission, purpose, and the creation of trust. Without them, your team wanders in the woods, hoping for some direction that aligns with these three concepts.
First and foremost, a company must have a clear mission statement outlining its purpose and goals. Your mission should guide all decision-making and operations. The mission statement becomes a competitive advantage when fully integrated throughout your organization. A vital mission will also attract like-minded clients and team members who share the company’s values and vision.
In addition to having a clear mission, your company should have a clear sense of purpose that drives its actions and decisions. For example, in the property management world, this could include providing high-quality housing for residents, delivering top-tier amenities and resident services, contributing to the local community, or promoting sustainable living practices. A clear purpose will help the company stay focused and motivated and make attracting and retaining residents, clients, and team members who share similar values easier.
Finally, building trust with clients, residents, and team members is crucial for the success of a management company. This can be achieved through consistent and transparent communication, anticipatory and responsive customer service, and a commitment to upholding high ethical standards. By consistently delivering on its promises and meeting the needs of its constituents, any company can build a reputation for reliability and credibility, which will help it attract and retain long-term clients and team members.
In sum, focusing on mission, purpose, and the creation of trust is essential for building a successful company. By prioritizing these key areas, you can establish a strong foundation for growth and success in your industry.
Share this:
The Wisdom of the Cold Day
Photo by Tobias Bjerknes on Unsplash
On a bitterly cold day, a group of disciples huddled around a fire with their master, seeking warmth and guidance. Inspired by their teachings, one of the disciples declared that he knew exactly what to do on a freezing day like this: keep warm.
But the disciple had a more profound answer when pressed for further clarification. He said that if keeping warm wasn’t possible, he knew what to do, too: freeze.
At first glance, this response may seem counterintuitive or even defeatist. After all, shouldn’t we strive to stay warm and comfortable, especially on a cold day? But the disciple’s words hold deeper wisdom.
We are the Cold Day
In many ways, our lives are like that cold day. We may try to avoid or reject certain circumstances or experiences that we perceive as unpleasant or uncomfortable. But ultimately, these are just the present realities of our lives, and running away from them is like running away from our own feet.
On the other hand, we may try to embrace and accept everything that comes our way, even if it causes us suffering. But this can be just as futile as trying to escape it all. According to the second verse of the first chapter of the book of James, the author encourages his brothers to find joy in facing trials of different kinds, as they serve to aid our personal growth.
The Key
The key is to see, understand, and be at rest with the present reality, whatever it may be. This doesn’t mean we can’t take action to change or improve our circumstances, but it does mean that we can find peace and acceptance in the present moment. Reality is our chance to do a rep to become a better human.
The next time you find yourself on a freezing day, remember the wisdom of the disciples and their master. Keep warm if you can, but if not, try to freeze – to find acceptance and peace with the present reality.
Share this:
The Value of Investing in the Little Things
Photo by Sven Mieke on Unsplash
The little things that matter when considering cost-cutting and efficiency are the priority when thinking tactically. It’s not uncommon for companies to outsource production or purchase cheaper materials to maximize profits. However, this mindset can sometimes lead to a lack of innovation and focus on the overall user experience.
Different Approach
The company mentioned in the quote, Nest, decided to take a different approach with its thermometer product. Rather than simply buying screws from a supplier, they designed and fabricated their own. These screws may cost more but offer unique benefits that justify the added expense.
The custom thread pattern of these screws allows them to be used on various surfaces, making the thermometer more versatile and user-friendly. The accompanying screwdriver has also been carefully designed to feel balanced and comfortable, adding to the overall user experience.
Little Things Matter
But it’s not just about functionality – Nest has also put thought into the aesthetic of these screws and screwdrivers, ensuring that they fit with the company’s brand identity. Everything from the Nest logo to the overall “look” of the products has been carefully considered.
In a world where companies often prioritize cost-cutting above all else, it’s refreshing to see a company like Nest take a different approach. By investing in the design and production of their screws, they’ve created a product that performs well and adds value through its user experience and brand identity. It’s a lesson other companies would do well to consider – sometimes, it pays to think outside the box and invest in the little things that can make a big difference.
Share this:
- « Go to Previous Page
- Page 1
- Interim pages omitted …
- Page 39
- Page 40
- Page 41
- Page 42
- Page 43
- Interim pages omitted …
- Page 87
- Go to Next Page »