Site Navigation

Investor Information
 Home
 Monthly Update
 Real Estate Articles
 Real Estate Videos
 Real Estate Success Stories
 Real Estate Blog
 Free Investing Books, Audios
 Real Estate Books
 Investing Glossary
 Investing Abbreviations

Real Estate Products
 No Risk Guarantee
 Best Sellers
 All Investing Products
 Real Estate Courses
 Real Estate Audios
 Real Estate Ebooks
 Real Estate Books
 Real Estate Seminars
 Real Estate Games
 Special Offers

Investor Resources
 Hard Money Lenders
 Real Estate Agents
 Handyman Services
 Real Estate Clubs
 Cashflow 101 Clubs
 Business Tools
 Tax Appraisal Districts
 State Property Codes
 State Foreclosure Laws
 Proof of Funds Letter

Discussion Forums
 Networking Forum
 Beginners, Carlton Sheets
 Bird Dogs, Wholesaling
 Foreclosures, Short Sales
 Sub2, Lease Options
 Rehabbing, Landlording
 Financing, Hard Money
 Asset Protection, Legal
 Commercial, Mobile Homes
 Real Estate Marketing
 Random Ramblings

Site Information
 About Us
 Advertise on REIClub
 Contact REIClub
 Link to REIClub
 REIClub Facebook
 REIClub Twitter
 REIClub YouTube
 REIClub Testimonials


Scott Meyers

Seven Tenets Of A Great Self Storage Workplace
by Scott Meyers

 
I often consider the concept of a workplace and what in particular defines it. What makes it remarkable? What makes it distinguished? Particularly, what prevailing elements do workplaces in general share that might be deemed outstanding or unrivaled?

Putting aside preconceived notions of larger versus smaller companies or of viability in any particular industry, I believe a workplace can still become prestigious if it takes into account and adheres to the following:

Defined Objectives

If I were to ask, "Who are you?" would you tell me your name or your job title? But what defines you? What drives you? With a clarified sense of who you are, the better you will function. The same goes for the workplace.

The best workplaces in the world exhibit the same quality of success because they have embraced the concept of who the company is, what its purpose is, and how it can most efficiently achieve its goals. A company, of any size, can only achieve this success by following a predetermined and well construed mission statement that provides a clear sense of direction for all employees.

Specifically, take into account ever-developing outlooks on the future and continually adapt to changing circumstances to ensure long-term success. Productive enterprises work realistically with definite, agreeable, and obtainable measures. While visions of an idealistic future are comforting, it takes a comprehensive plan of action and organized management to ultimately bring about prosperity.

Purposeful Undertakings

An undertaking, in terms of its scale, ambition, and potential reward, is conceived differently by different people. All that matters is the determination and enthusiasm to undertake an objective that is found to be meaningful.

For most people, the appeal to do good work requires some sort of expected gratification. An unhappy worker who hates their workplace will only hinder the company. Employees want to know that their work matters, that they are working with likeminded colleagues who respect and acknowledge achievement.

Accomplished workplaces offer their employees, regardless of their rank in the company, an environment to flourish professionally, to derive satisfaction from their work, and to continuously strive to better themselves.

Qualified Employee Base

Without the collaboration of a devoted staff, no company can hope to grow. Only the savviest of management, who lead by example and respect their employees, can hope to successfully lead a team. It is of the utmost importance that all members of a company, from the CEO to the latest hire, be completely dedicated to fulfilling the goals set out by the company.

It would behoove the workplace to broaden the diversity of all hires, as varied and diversified backgrounds, as well as a multifaceted range of professional and personal skill, which will provide an advantage on competition and a strong sense of teamwork.

Guidelines

Without guidelines, there is no manner of workforce that will be able to accomplish the tasks asked of them. Employees must have a set of guidelines to adhere to. This must not only be simple and easily understood, it must also be enforced by example. If there is a rule the whole office must abide by, it should be followed by its leaders as well.

It is considered a guideline because it should outline what classifies a successful employee and what is expected of them. It should never be a set of restrictions, which will only hinder work.

Dialogue

Exclusivity breeds frustration and unrest. When few employees are privy to communication with their colleagues and superiors, the system breaks down. When a workplace embraces its employees of all ranks and asks for input and suggestions, it not only encourages its staff to work more efficiently, but allows for great ideas that can benefit the company to emerge.

Consequently, a good manager will applaud communication, maintain a presence in the office, and keep their staff informed by speech or by newsletter so that all may be working on up to date news, opportunities, and tasks.

Conventionalism Meets Leading Edge

Most companies are founded with a base of conventionalism. The leading edge comes into play with the understanding that times change and that workplaces must adapt without damaging the reputation of the company. If the workplace embodies its original convictions, it can improve products while maintaining the loyalty of their customers and systematically incorporate newer products that coincide with the demand of the current marketplace.

A workplace should always take pride in its origins and its standing with customers and surroundings as this affects what the company has to offer presently and in the future.

Monetary Accountability

Finally, like an engine needs oil, a workplace cannot function without fiscal stability. A successful workplace will maintain an in-depth report of all financial responsibility, from cash-flow estimates to business plans of fiscal projections, from budget allocation to the maintenance of its facilities, and much more.

A successful workplace will also take into account the cost of doing business presently and in the future with the understanding that fiscal climates change and that expenses may rise. To maintain the financial stability of the company, management must consistently have the understanding of available resources to ensure healthy long-term growth.

I highly suggest you take all the above into account. Organizing a workplace with consideration to fiscal responsibility, open dialogue, adaptation, guidelines, a happy staff, and perseverance will undoubtedly lead to success.


Scott Meyers
Scott Meyers, CSSM, is the nation’s leading self storage educator. He travels the country revealing why self storage has become the hottest sector in commercial real estate over the past 30 years that virtually nobody has heard about. Practically every real estate investor and entrepreneur has uttered the words “I’ve always wondered about self storage, I’ve heard those things were cash cows”. It was only after becoming a penniless millionaire in the single family and apartment business, and a near bankruptcy experience managing several hundred tenants and toilets that Scott asked himself that very same question.

Scott is the owner and President of Alcatraz Storage® which operates several self storage facilities in the Midwest. Scott is a Certified Self Storage Manager (CSSM) through the National Self Storage Association and is a Certified Apartment Manager (CAM) through The National Apartment Association. He has been a real estate investor since 1993, and was an instructor of the Landlord 101 course through the University of Indianapolis. Scott Meyers speaks to investor groups nationwide but mostly enjoys spending time at home with his wife and 3 young children in Indianapolis, Indiana.


Scott Meyers Products (2)
CoursesComplete Guide to Finding, Evaluating, and Purchasing Self Storage Facilities
EventsSelf Storage Academy


Copyright Notice
Copyright 2002-2011 All Rights Reserved.
Published with Permission of Author.
No part of this publication may be copied or reprinted
without the express written permission of the Author and/or REIClub.com.

Back to Top

Free Newsletter
Name:
Email:

Article Options
Printer Friendly Page
Send This to Friend

Author's Articles
2008 Self Storage Industry Outlook
Baby Boomers Creating Huge Demand for Self Storage
Buying an Existing Self-Storage Facility
Commercial Forecast - 2010 Bargain Hunters Advantage
Creating Your Marketing Plan For Your Self-Storage Facility
Financing Your Self Storage Facility
Five Principles to Success in Self Storage (Or Any Business!)
Go Green With Your Self-Storage!
How to Create a Self Storage Business Plan
Introduction to Self Storage
Introduction to Self Storage Development
Investment Opportunities in Self Storage
Myths and Investment Opportunities in Self Storage
Recession-Proof Real Estate
Records Storage
Reduce Your Self Storage Customer Acquisition Costs
Self Serve Kiosks
Self Storage Business Step 1: Securing A Loan
Self-Directed IRA's For The Self-Storage Industry
Seven Tenets Of A Great Self Storage Workplace
The Future of Self Storage
The Self-Storage Investor's Dilemma - To Buy or to Build?
Why is Self Storage Suddenly So Hot!


Author's Products

Complete Guide to Finding, Evaluating, and Purchasing Self Storage Facilities

Self Storage Academy


 
Anti-Spam Policy | Compensation Disclosure | DMCA Notice | Earnings Disclaimer | External Links Policy | Privacy Policy | Terms And Conditions | View Cart
©2002-2012 All Rights Reserved. REIClub.com