Episode 130: The Four Stages of Company Growth - Stage Two Deep Dive
Jun 17, 2024
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In this podcast, they discuss the second stage of company growth, focusing on managing people instead of properties. They talk about success checklists, accountability, effective meetings, consistency in operations and culture, one-to-one meetings, and the importance of communication and management transition in company growth.
Transitioning to managing people requires real-time data capture and lead indicators for problem identification.
Effective 'Level 10 Meetings' enhance communication, address issues, and ensure alignment with organizational goals.
Deep dives
Managing via Data and Success Checklists
The podcast discusses the importance of managing via data and implementing success checklists in property management. Transitioning from managing properties to managing people requires capturing real-time data and setting lead indicators to identify problems. Success checklists and scorecards help in tracking key metrics and ensuring team members follow established protocols, fostering accountability and proactive coaching.
Effective Meetings - Level 10 Meetings
The podcast highlights the significance of effective meetings, emphasizing the concept of 'Level 10 Meetings.' These regular meetings serve as game day for managers, allowing high-leverage discussions and problem-solving. Maintaining consistency in meetings helps in addressing issues, enhancing communication, and promoting a shared understanding of organizational goals and processes.
The Importance of One-to-Ones and Clear Communication
The podcast stresses the value of consistent one-to-one meetings for coaching and fostering clear communication in property management. One-to-ones provide a platform for setting expectations, offering feedback, and aligning team members with organizational objectives. By engaging in direct conversations, managers can mitigate misunderstandings, boost team morale, and enhance individual performance.
One of our most downloaded episodes was Episode 57, in which we walked through the four stages of company growth from a high level. In today's episode, we will dive deep into Stage Two: growing from being a great property manager to a great manager.
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Connect with Matt and Spencer at Evernest: Evernest.co