Mike & Mike Ep 10 - I Cancelled The Launch of My New Hotel
Oct 18, 2023
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The hosts discuss the challenges of opening a new hotel and the decision to cancel the launch. They emphasize the importance of making tough decisions, maintaining standards, and involving the team in problem-solving. They also share funny incidents and discuss plans for the grand opening and an upcoming webinar with AirDNA.
Prioritizing and upholding high standards is crucial for leaders in business, even if it makes others uncomfortable.
Leaders must develop the confidence to make tough decisions and accept the discomfort from others as inevitable.
Deep dives
Maintaining High Standards in Business
The podcast episode emphasizes the importance of maintaining high standards in business, even if it means making uncomfortable decisions. The host shares a personal experience of inspecting rooms in a newly opened hotel and realizing that they did not meet the expected standards of cleanliness and staging. Despite the inconvenience and dissatisfaction from others, the host decides to cancel a family and friends weekend to retrain the cleaning staff and ensure the hotel meets the desired standards. The main takeaway is that as a leader, it is crucial to prioritize and uphold high standards, even if it makes others uncomfortable.
Being Comfortable with Others' Discomfort
The podcast episode highlights the importance of being comfortable with others' discomfort, especially when making tough decisions in business. The host recalls a mentor's question about whether they could handle other people's discomfort as they grow in their business. The host shares a recent experience of canceling a planned weekend at their new hotel due to rooms not meeting their high standards. Despite facing backlash and inconvenience, the host remains resolute in their decision, emphasizing the need to prioritize their reputation and not compromise on their standards. The key lesson is that leaders must develop the confidence to make tough decisions and accept that discomfort from others is sometimes inevitable.
Leadership Styles and Team Development
The podcast episode delves into leadership styles and team development in business. The host discusses the importance of setting high standards and expectations while maintaining a consistent and fair leadership approach. They emphasize the need to strike a balance between holding team members accountable and recognizing their successes. The importance of strong communication and training is highlighted through the host's experience of retraining the cleaning staff at their new hotel. The episode conveys the idea that being a leader means making tough decisions, but also recognizing and applauding team members for their contributions.
Want to know the insider secrets to find your next Airbnb deal? Watch my live masterclass with AirDNA today at 12 PM EST. Register at http://www.strsecrets.com/airdna-masterclass
In a surprising twist, I've canceled the launch of our exciting new hotel project! Join us in the latest episode as we delve into the challenges, decisions, and lessons learned in this unexpected journey. The road to success is rarely a straight line, and this candid discussion will reveal why, sometimes, reevaluating your plans can be your best decision.