Personal Developement, Habits and Discipline

Most, if not all, successful people will point towards consistent personal development and certain habits that are keys to their success.  Do you engage in personal development? Reading or audio books are great sources for inspiration, motivation, creative ideas and sound advice.  One book highly recommended is Jeff Olson’s The Slight Edge.  This book tells you how to use all the personal development information and explains how small, daily habits make a huge difference.  We have included links to various article that give you some habits that successful people engage in on a regular basis.  Now, do not get overwhelmed trying to incorporate ALL these things into your daily schedule.  Add one or two until it truly becomes a habit then look to add another one or two.  It is all about small, daily steps not one huge leap.  Also, see our previous blog on personal development for a kick start to your personal development library.

5 Things Super Successful People Do Before 8 AM (Forbes)

14 Things Successful People Do On Weekends (Forbes)

14 Things You Should Do at the Start of Every Work Day(Forbes)

20 Things the Rich Do Every Day (DaveRamsey.com)

Jon Gordon’s Blog; Developing Positive Leaders, Organizations and Teams

Again, this is just a small sampling to get you started.  There are so many resource available and you need to find your “fit”.  Find that author or that blog that speaks to you, that motivates you.  Also, encourage your staff to engage in this habit as well.  If they feel productive and successful in their jobs, they will help promote customer satisfaction within your organization.  And in the end, that reflects well on you!

Financial Fridays

WSJ: Foreign Investors Betting on China’s Senior Housing Market

A number of global investors are joining local Chinese real estate developers as both look to bank on a senior housing boom sparked by the country’s massive elderly population, Wall Street Journal reports.

Global property firms such as Merrill Gardens Related, a joint venture between real estate developer Related Cos. and senior housing operator Merrill Gardens, have been eyeing major Chinese cities of Shanghai, Harbin and Suzhou for senior housing developments.

Fortress Investment Group, a New York-based asset manager, with China’s largest mainland conglomerate Fosun International, formed a 50-50 joint venture called Shanghai Starcastle Senior Living Services in 2012.

The partnership opened a facility in the Baoshan district north of Shanghai in May that already holds 60 seniors, but will feature 171 independent living units and 47 assisted living units once all floors are completed.

In August, Emeritus partnered with Beijing developer Sino-Ocean Land to develop a 110 bed community called Senior Living L’Amore-Kaijian, which was part of the partnership’s $110 million senior care pipeline in China.

“China’s population is aging very quickly, so there is going to be a huge market and lots of opportunities for investors and operators,” said Serena Xie of Kaijian Huazhan Senior Care Service in the article.

In 2012, China had 121 million people aged 65 and older, representing 9.1% of the population. By 2020, that figure is expected to reach 171 million, or 12.4% of the population, according to data cited in the article from the Economist Intelligence Unit and Monitor Deloitte Analysis.

Read the WSJ article.

Written by Jason Oliva

Material courtesy of SeniorHousingNews.com and Wall Street Journal

Are You Managing Effectively?

 

 

 

You cannot successfully manage others based solely on your own personality type or leadership style.  You MUST mange employees based on THEIR personalities and working styles.  Otherwise you will fall short of motivating them and results will be sub par.

So, what type of people do you manage??

(Graphic courtesy of Toronto MBA Journal WordPress blog online)

Staffing – More Than Just Filling Positions

Staffing is such a vital part of any community operation! In addition, staffing is so much more than just hiring people to fill various positions.  Successful staffing involves:

  • Screening potential employees
  • Hiring the right person for the right job (a “good/experienced” employee in the wrong job can be just as detrimental as having a “bad/inexperienced” employee)
  • Proper orientation and training
  • Supervision and leadership that motivates and empowers employees
  • Ongoing training and developing of employees
  • Employee satisfaction / retention / reducing employee turnover

And to emphasize the importance of proper staffing “based on a nationwide survey of roughly 1,500 assisted living communities spanning customers and employees in 2012, the National Research Report finds that staffing is still paramount among all other resident satisfaction factors.”  Bottom line, your staff satisfaction directly correlates to your resident satisfaction.  In fact, Senior Living University Customer Service in Assisted Living Training addresses that you MUST treat not only residents but employees (as well as many other people groups outside of residents) as customers and strive to achieve high satisfaction among all these groups.

Staffing is Key Driver for Assisted Living Satisfaction Study Shows (SeniorHousingNews.com)

While you may think you have it covered since all your positions are filled, you must ask yourself a few questions:

  • Do I have the best people in the right jobs?
  • What motivates my employees? (If you think a paycheck is enough motivation, you are missing out on major contributions by your staff!)
  • Are employees trained properly for their jobs?
  • Are my employees satisfied? Am I treating them as a “customer”?  (A satisfied employee is what gets efficiency, productivity and resident satisfaction.)
  • Are my employees trained/empowered to problem solve and contribute new ideas?
  • Are my employees growing and developoing in their job functions, leadership, and knowledge?
  • Are my employees looking for opportunities outside my community? Why?

 

 

Limited $$ For Improvements?? One Option…

If you have limited funds for improvements at your community, several factors need to be considered before making that investment.  MDS can help you wade through the options, benefits and challenges to help determine the best decision for your needs.  According to this latest article, dining is one area to be seriously considered.

Senior Living Sees Dining as New Driver for Occupancy Growth

by: Jason Oliva, as seen on SeniorHousingNews.com  September 29, 2013

Senior living providers are making big bets on dining programs, and they’re seeing their investments and efforts pay off through higher occupancy levels and better response to marketing.

Dining services, along with caregiving and management style, have the greatest impact among service types on assisted living community resident satisfaction, according to a recent study from Western Kentucky University researchers.

The study, “Influence of Satisfaction with Services on Assisted Living Resident Satisfaction,” published in the Journal of Housing for the Elderly, found that mealtime has a greater impact on residents’ satisfaction, while apartment and facility characteristics were less significant.

For one senior living provider, an overhaul of dining services served as a mechanism for weathering the recession and boosting occupancy more than 5% post-economic downturn. Implementing certain dining strategies also helped 90% of providers increase resident satisfaction levels and improve marketability, according to a white paper from a national provider of dining services.

Trinity Senior Living Communities (TSLC) has felt the successes their dining programs have brought. The faith-based nonprofit provides senior housing in 34 communities in 25 states, with 20-plus communities providing food services.

Heavily impacted by the housing downturn in 2009, TSLC leaned on its dining services program to help drive occupancy in the years following.

In 2010, when TSLC refocused its marketing efforts to lead with food sales, the provider’s assisted living segment hovered around 85% occupied, according to Kelly Gasior, vice president of strategy, senior housing operations at TSLC. By 2013, the same market segment had reached an occupancy of approximately 90.4%.

The provider’s memory care segment also saw an uptick in occupancy from 2010 to 2013, jumping from approximately 88% to just above 95%. Gasior attributes the occupancy boost to the company’s marketing strategy that spotlighted TSLC’s dining services programs.

“Dining has been a really important piece of our success over the last several years,” says Gasior. “When we really started to turn our food program around, we settled that food was what we needed to lead with.”

TSLC realized they couldn’t do it alone, so in 2007 the nonprofit provider contracted with Unidine, a national provider of dining management for senior living communities, hospitals and business catering services.

Providing dining management services to senior living communities in 26 states, Unidine believes its fresh approach that embodies a culinary perspective is what has helped its clients see their occupancy levels grow, says Richard Schenkel, president, CEO and founder of Unidine.

“Communities have the ability to use dining programs as a marketing tool to drive new residents in,” says Schenkel. “Dining programs also help drive resident satisfaction and they help retain residents.”

A combination of dining strategies that can help senior living providers achieve occupancy goals include the use of fresh foods or ingredients, as well as choice in options, according to a white paper commissioned by Unidine that surveyed 65 senior services executives in independent living, assisted living, skilled nursing facilities and continuing care retirement communities (CCRCs) in 2010.

Of the 70% of survey participants who reported using a fresh food strategy and who also specified resident satisfaction as a goal, 92% reported that their strategies contributed to their success. Similarly, 95% of executives who used fresh foods and specified improved marketability and occupancy as a goal reported their strategies contributed to their overall success.

“If a provider is looking to drive occupancy, there’s only so many ways you can compete in the market,” says Schenkel. “People are recognizing that one dining room with one menu isn’t going to make it.”

Although such changes may result in increased expense, providers can balance cost increase in one area with strategies that reduce costs in others. For example, local sourcing of fresh produce reduces, or even eliminates, transportation to lower overall food cost, notes the white paper.

Additionally, food service management companies and group purchasing organizations have the ability to aggregate purchasing volume, participate in sophisticated networks of local producers and leverage management systems across their client portfolios to further drive down costs.

Utilizing fresh food in a seasonality approach can also lead to reduced costs, according to Gasior.

“The goal is to use the freshest food at the right time,” she says. “Strawberries in February are going to be more expensive when they’re not in season.”

Since food is an integral part of people’s health, wellness and satisfaction, live demonstrations from a community’s culinary programs can have an impact on resident attraction to a certain community, according to Darin Leonardson, director of hospitality and dining at Golden Living.

“The key is making it visual,” says Leonardson. “If you don’t display or showcase these changes, then you’re perceived as clinically-based. You need to transform staffs into chefs so that customers see them.”

Signage displaying new menu options or even spotlighting locally grown produce featured in the menu can let residents know what they’re eating is fresh and not processed or pre-packaged.

Providers even hold “open house” events for their dining service programs, inviting the neighboring community to try the food for themselves. It’s also a good way to attract prospective residents, says David Kane, vice president of senior living at The Mather, a continuing care retirement community (CCRC) in Evanston, Illinois.

“Recognition in the broader community becomes helpful from a marketing perspective,” Kane says. “The most effective way to increase or generate sales for the community is through the referrals from other residents.”

This brand of oral marketing passed along from one individual to the next can be advantageous to providers looking to strengthen occupancy, improve resident retention and satisfaction within their communities.

“Word of mouth can be of strong value,” says Schenkel. “It keeps residents happier and more satisfied in wanting to be at your facility.”

Implementing a dining service program into a community takes a team-based approach that extends all the way from corporate staff to dining and dietary personnel to help drive efficiencies, according to Gasior.

“Food is a huge piece of people staying well,” she says. “If people are eating, or not eating, that’s something dietary and dining staffs bring to us so that we can get on top of a solution. It takes a whole team of people, but you can’t exclude your dining team.”

Written by Jason Oliva

 

International Development: Senior Care Opportunities Overseas

Jim Moore will be part of this panel of industry experts exploring the topic of International expansion and development

Senior Living Business – Interactive Webcast

Thursday, August 22, 2013, 1-2:30 pm ET (12-1:30 pm CT)

International Development: Senior Care Opportunities Overseas

Some U.S.-based providers have already expanded successfully into Canada, Mexico and elsewhere, and we hear rumblings about expanding overseas — in China, for example. The question is whether cross-border expansion is a good idea. We tap into the experience of consultants, investors and managers on the cutting-edge of this notion to help you decide how far to explore overseas opportunities, where to look and what roadblocks you’ll likely encounter.

• Where should you look for overseas opportunities?

• Should you play a consulting, investment, development, and/or management role?

• What roadblocks will you likely encounter?

• Should you set up a separate entity for overseas operations?

• …and more.

More info at http://www.levinassociates.com/conferences/146

Always Room for Improvement – Commit to Personal Development Daily

Have you reached as high as you can?  Is your community as good as it can be? Are your employees performing as well as they can?

As much as we hope we are performing to maximum efficiency and our companies are operating at maximum capabilities, the moment we stop trying to improve is the day we start to decline.  There is ALWAYS room for improvement! Whether it is operations, employee performance, your bottom line or even your own performance, look for ways to improve, grow and develop.

Companies like Moore Diversified Services can help you in many areas: Operations Analysis, Strategic Planning, Marketing Evaluation

and more.  But only YOU can improve YOU!

Most, if not all, successful executives and entrepreneurs will credit continuing personal development as part of their success. One company I have been blessed to be teamed with encourages everyone to read 10 pages of personal development material a day.  This can be material on leadership, time management, money management, industry education or any area that will help you improve as a leader, a manager, an employee and especially as a person.

There are many great books out there so you should have no problem getting started.  Don’t like to sit and read? Get most of the top books on audio so you can engage in personal development while driving or exercising.  Here are just a few recommendations:

  • The Slight Edge by Jeff Olson
  • Eat That Frog!: 21 Great Ways to Stop Procrastinating and Get More Done in Less Time by Brian Tracy
  • The Compound Effect by Darren Hardy
  • The Art of Exceptional Living by Jim Rohn
  • The 15 Invaluable Laws of Growth: Live Them and Reach Your Potential by John C. Maxwell

This is VERY small sampling of authors and books available.  But you have to start!

Want to improve your operations – MDS can help you with that!

Want to improve your business strategies – MDS can help you with that!

Want to improve your abilities, motivation and attitude – Grab a book and start growing!

From  Generation Change

44% of wealthy people wake up three hours before their 9-to-5 job to focus on self-improvement, reading educational material, like trade journals or industry blogs.

So, what are you doing 3 hours before you go to work?

New Day, New Week, New Month – A Whole Lot of "New"

Monday July 1st has arrived! We are half way through 2013; how is your community doing? Look back at the goals you set for the year and evaluate how you are doing.  

  •  Financial goals and progress
  • Customer  Service Improvement
  • Resident Activity Program enhancements
  • Employee Training and Satisfaction
  • Sales, Marketing and Social Media Campaigns
  • Dining Service Improvements
  • Operating Efficiencies
  • Internal Communications

Now is a great time to re-evaluate and recommit to your goals and objectives. 

Is Your Customer Service Truly Targeting ALL Your "Customers"?

When it comes to “customer service” have you really thought about who is your “customer”? Of course the obvious answer is your residents and their families as well as prospective customers and their families.   But you may be limiting yourself and even endangering your image and reputation if you only direct your customer service to these limited groups of people. 

Taken from material used for SLU Customer Service Certification:

“to ensure that service excellence permeates your community, you and your employees need to consider a braoder range of customer groups.  For example:

  • Current residents and their families
  • Prospective residents and their families
  • Employees
  • Co-workers
  • Volunteers
  • Referral Sources
  • Vendors

Everyone who interacts with and within your community is a customer.  That is because everyone who interacts with and within your community forms impressions about your staff, your services and each other.

Even the mailman has a perception about your community.  His perception is based on how he is greeted every time he walks into your residence.  When people ask him about your community, he bases his answer on how he is treated when he is in your building.  If the receptionist greets him every day with a big smile and a warm hello, his perception is probably good.  If he is not greeted warmly, he probably has a more negative perception of your community.  We call these interactions ‘moments of truth’” (Customer Service in Assisted Living; A Leader’s Guide to energizing Your Team, SLU)

Employees and co-workers are an important “customer” that can help or hurt your reputation.  Are your employees happy? How do you know? What do they say about your community outside of work? Will their comments leave a good or damaging impression to whomever they are speaking?  When looking for an opinion or referral to a community, who better to ask then someone who works there? And if that person is constantly dogging their administrator, their supervisor, co-workers, policies and/or working conditions, who wants to live there??

Buzzworthy: Investing In Marketing and PR

Webinar on May 16th at 1:00 pm East

I would like to inform you I will be speaking at an upcoming Senior Living Business Interactive webcast, Buzzworthy: Investing in Marketing and PRIt takes place on May 16th at 1:00 PM ET, hosted by Irving Levin Associates.

Too often, marketing is seen as an expense rather than an investment. With the difficulty and complexity of senior living sales growing, now is the time to make the proper investment in marketing. Given the right tools and resources, marketing teams working in concert with business objectives can produce maximum impact, boost occupancy, and improve cash flow.

My fellow panelists and I will be addressing topics such as:

  • How to sharpen your sales and marketing program.
  • Easy steps to enhance the skill sets of your sales and marketing team.
  • How effective public relations can help you meet your marketing goals.
  • What you can learn from “lost prospects”.
  • The cost-benefit of innovative sales and marketing initiatives.

More information about this webcast and purchasing options can be found through the following link:http://www.levinassociates.com/conferences/1305-online-conference. In the coupon box, use the word “SPEAKER” and receive $50 off.

If you have any questions about this webcast, please contact Irving Levin Associates at customerservice@levinassociates.com or 800-248-1668.

Jim Moore
President
Moore Diversified Services, Inc.
3001 Halloran Street
Fort Worth, TX 76107
817-731-4266
817-738-2031  fax
jimmoore@m-d-s.com
www.m-d-s.com