You're a CAM professional, which means you eat, sleep, and breathe the hustle. It's just in your bones, you don't know how to have a night without some kind of work grind. We know that because we live that, too. But that lifestyle, starts out hyper-productive and ends in flames. So we're covering the road from success to burnout, and the ways you can detect and prevent burnout before you get there. All this and more in this week's CAM Mashup!
As an educated member of the Community Association Management industry, you already know how crucial it is to stay informed and up-to-date on the latest news, trends and happenings within the industry. Each week, we bring together our favorite reads of the week and share them with you! Enjoy the CAM Mash Up and please share it too!
First Stop: Trying to Be the Best
"The reserve fund of a homeowners association is often misunderstood by members and sometimes the HOA board as well. Some see it as a slush fund that is to be used on a "rainy day"' when the association gets low on cash in the operating account. Others, although they may understand the need to have some measure of reserve cash, do not make the connection that reserve funds are being reserved for the particular components within the community that the association is responsible for, such as roads, roofing, siding, fencing, painting, and equipment replacement.
These misconceptions can often be compounded by the well-intentioned but misguided attempts by some to keep HOA fees as low as possible." See why one HOA Management Blog says this is one tactic that simply won't work.
Next: Making it Work
"Running a business would be easy if only you didn’t have to manage people. The bigger your company grows, the smaller the likelihood that everyone in it will be easy to supervise. As the boss you always (or almost always) have the option to terminate anyone who is truly a drag on your company. But good talent is hard to find, so before you go down that road, it’s worth the effort to try and make a difficult person work more effectively within your company.
When faced with a problem personality, most of us do one of two things: We either confront the person head-on, leading to escalating hostility, or else avoid dealing with him or her and leave the problem to worsen. Neither is an effective solution, and as your company’s leader, neither is an option.
There’s a better way." And finding that way is a great way to alleviate stressors that can contribute to that dreaded manager burnout.
Pit Stop at Success!
Sometimes the hustle pays off in big ways. For TOPS, that meant three major additions to our service offerings. From a brand new department dedicated to a thriving client-provider relationship, to a new feature in payment processing protection, to the upcoming efficient communications offering, we've seen a great payout come from the long hours burning midnight oil. But, we've also hit some burnout of our own along the way.
Two Steps Back
"“Burnout” is one of those words that gets thrown around and brushed aside by the very people it impacts—people like you. You’re a kick ass manager! You’ve been in the trenches of community association management, you’ve got a little black book full of horror stories that you whip out every year at the CAMfire Conference and CAI National to get a few shocked giggles, and you’ve built a name for yourself and your company. You know your stuff.
And people who know their stuff often get sucked into romanticizing the idea of “burning the candle at both ends.” You’re getting so much done! That’s got to be a good thing! And it is…until it’s not." We've all fallen a little in love with the idea of working to excess, but it's important to stay objective and recognize when our body is trying to tell us to ease up.
What You Can Do For Your Team
"No organization wants to burn out its employees. And yet, according to new research, companies’ efforts to prevent prolonged stress among their staffs are falling short.
When Deloitte recently surveyed 1,000 full-time employees in the United States, we found that 77% had experienced burnout at their current jobs, and more than half said they’d felt it more than once ... What more can organizations do?" They can do a lot. You can do a lot! And you should. Looking out for your team will ensure more consistent stability and productivity in the long run.
What You Can Do For You
All of these are great, but don't burn yourself out while trying to do all of be the best CAM you can be, and progress your business, and look out for your team members, and the other dozen things you're probably mentally adding to this list. You, like your team members, are more consistently productive when you're not on the verge of burnout. Here are eight lessons to keep in mind when you feel you're about to wander into burnout territory, and to help you recenter and re-simplify your life.
Do You Have Big News This Week?
If you've got big news that would be relevant to other CAM professionals, please share it with us in the comments below!