The Housing Recovery: 5 Lessons We Learned

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by EPalmer.

August means school is back in session, and it’s got us at Contrado thinking about what we’ve learned since the downturn. Although it was a time of struggle for everyone in the home-building industry, there was a silver lining — learning a whole lot about survival. Apart from learning how to embrace efficiency the downturn taught us how to adapt and how to use the proper tools that were key to our survival. We’ve compiled a list of the lessons we learned (with an inspirational flair) to help guide your post-downturn learning strategy, even if you aren’t going back to school this year!

 

1.  To Be an Industry Leader We Must Always Keep Learning and Improving.

Start with honing in on your company’s successes and failures, and educating yourself on current products/services in the industry that could make you the leader of the pack. Investing in the right product or service, like Virtual Option Sales, could be the difference between selling a home or not — putting you either ahead of or behind your competition.
“Leadership and learning are indispensable to each other.” JFK.

2.  Don’t Ignore the Signs.

Be aware of market conditions and USE THEM TO YOUR ADVANTAGE. It’s hard to accept losses and to embrace a dark cloud — but always look for the silver lining. With learning comes a bit of vulnerability, but don’t let that stop you! There is room in every mind (and company) to learn something new that you will thank yourself for later.
“Being ignorant is not so much a shame, as being unwilling to learn.” Benjamin Franklin

3.  Use Survival of the Fittest to Your Advantage.

Take a tip from Darwin and recognize that if you cannot adapt and evolve to what is currently happening in the home-building industry, your company could eventually become extinct — but in this economy it could happen in the blink of an eye! Learning how to adapt, evolve, and change to be more successful is an ongoing, never-ending process that will lead you beyond survival, and hopefully to the top of the food chain.
“Education is the kindling of a flame, not the filling of a vessel.” Socrates

4.  Learning Something New Will Benefit you Professionally and Personally.

It goes without saying that learning a new skill will widen your horizons, and learning in any situation is almost always personally rewarding. Happier employees, happier company.
“Live as if you were to die tomorrow. Learn as if you were to live forever.” Gandhi

5.  Take a Risk.

A calculated risk, that is. It might be the last thing on your mind when you are in panic-mode, but taking risks is a big part of survival. Simply reacting to your surroundings won’t get you very far in most cases. Getting to the top will require a balance of defense and offense.
“I am always doing that which I cannot do, in order that I may learn how to do it.” Picasso

So now is the perfect time to ask yourself: WHAT DO I WANT TO LEARN?

Most likely you have always had something that you wanted to learn – after all, curiosity is human nature! If you are drawing a blank, a few common ideas and skills that would also potentially benefit your career are learning how to:

o   Speak a new language (whether it be Spanish, Sign Language, or HTML code!)
o   Network within your industry
o   “Let go” of things and embrace positivity
o   Integrate your business operations to increase efficiency
o   Strengthen your leadership skills
o   Create a research study to discover what your ideal customer really wants
o   Find a creative new hobby
o   Stay current on market trends
o   Tell jokes
o   Explore technology (especially if it will enhance your business!)  

We at Contrado have taken it upon ourselves to learn and embrace efficiency – which for us has included learning the cutting-edge technologies in the home-building industry today, Call us to hear more about what got us through the downturn!

 

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