July News In June 2010
Jul 5th, 2010 by July Ono
The unexpected. This has been my experience this month. My step son’s mother was tragically killed by a train. Love and light to Adam for his loss. At my business coach’s insistence, I extended my stay in Vancouver to attend this amazing business workshop. My return flight to Thunder Bay was canceled leaving me stranded in Toronto. Life is life. You go with the flow. There’s no point getting stressed over things you cannot control. In these moments, think of the highest and best use of your life and make the best of your diversion. What are your learnings? What are your gratitudes? And on that note, Steve’s recovery has been amazing. Thank you for your love and prayers. Life is what you make it so make each and every day a great day.
CRASHING SAFELY
I survived my first test flight. Yes, that’s me in the cockpit with my instructor Jason Baillie of the Pacific Flying Club in Delta. Okay, I crashed in their ALSIM FLIGHT SIMULATOR. We took off from Boundary Bay Airport (ZBB) and landed in Vancouver (YVR) in a Cessna, did a loop, survived a stall and then I crash landed on Highway 99, all from the comfort and safety of the simulator cockpit. One of my lifelong dreams has been to pilot a plane. I was told years ago that I couldn’t be a pilot because I needed 20/20 vision. That is incorrect. It’s like driving a car, you need corrective lenses to fly. To book your appointment, you can find them at www.pacificflying.com
YOUR NATURAL GIFTS
The secret of success is to work with your strengths and delegate your weaknesses so you can focus on your natural gifts and talents. Once you identify your natural gifts, invest the time and effort to hone those gifts and become a master. Then create a business model around your natural gifts to serve others. This is one of the Success Factors in my coaching program.
PG IS PEACHY
Steve and I traveled to Prince George for our annual suite inspection. We conduct it ourselves to give us an overview of how the property and the tenants are doing. What used to take 2 full days has been reduced to a zippy 5 hours because we know what to look for now. The main issues are: closet door tracks, plumbing issues, delaminating cabinets, kitchen and bathroom fans, condition of carpet and laminate flooring. This year we noted very few issues due to the proactive maintenance that is conducted throughout the year by our onsite manager, giving this building two thumbs up.
ONCE YOU’VE GONE MAC YOU CAN’T GO BACK
I did it. I switched to Mac after years of deliberation. The straw on the camel’s back happened after I spent 15 minutes trying to connect to the wireless network and Steve opened up his Mac and he was online in under 10 seconds. Talk about an unfair advantage. My resistance was having to learn new programs. To eliminate that issue, my web designer suggested that I get Microsoft Word/Excel/PowerPoint for Mac. There are some new learnings that are somewhat inconvenient but I simply marvel at the clarity of the graphics and the supersonic connectivity. I love my Mac.
BETTER THAN GREAT – OUTSTANDING
This is my mission statement – in business and in my life. I discovered this short, simple, salient message encapsulates my values and it feels good. This is one of the first things Anurag Gupta encouraged us to discover in his 2-day Performance Breakthrough Workshop, among other things. Anurag is a $40,000 a day coach who has worked with the likes of Chip Wilson of Lululemon. He spent 2 years working with Chip who took that company to billions. It’s all about designing the architecture of your business around your customer’s wants and needs. Anurag has a very unique approach that has consistently outperformed industry standards. His mission is to provide indescribable breakthroughs. He is coming to Vancouver in October to deliver a 2-day workshop through my business coach Andrew Barber-Starkey. If you are interested in attending this breakthrough workshop to take your business to the next level, I can bring a few guests at an exceptional price. To register for the next workshop, please send an email to admin@procoachsystem.com with “I WANT OUTSTANDING” in the subject line.
PRO-ACTIVE PROPERTY MANAGEMENT - PART 8
Healthy Turns. This is one of the indicators we use to determine whether to buy a building especially in provinces with government mandated rent controls. You don’t want to get stuck with long term tenants. It’ll take years before you can raise the rent to current market valuations. The only way to get a building to be more profitable is to increase revenue and decrease expenses. To increase revenue, there should be about a 30% turnover per year. With one-third of the building vacating every year, it will take on average just over 3 years to manage the rents up, thus increasing cash flow and your bottom line.
The only way to save for the future is to sacrifice some of the now. Dave Ramsey.
July Ono