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Polo with Friends
Time is a scarce thing and I do my best to steal as much as possible.

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The New Investor Relations
Book Review -- Expert Perspectives on the State of the Art – by Benjamin Mark Cole; Bloomberg Press, 100 Business Park Drive, Box 888, Princeton, NJ 08542, www.bloomberg.com/books, 609-750-5070, October 2003, hardcover -- $55, 320pps
Coyote
Met a young man by the name of Coyote who works at the hotel in St. John's. He told us all the cool places to visit downtown. Coyote is interesting to me because he announced to me that he has no ambition, no desire to achieve anything other than climb rocks for the rest of his life. So he goes around from state park to state park and gets odds and ends jobs to give him just the means to work the rocks in the area.

How to Identify and Break The Self-Destructive Habit of Complacency In Your Business
One of my favorite Will Rogers quotes is: “Even if you are on the right track, you will get run over if you just sit there.” And this is so applicable to what I am seeing in too many businesses today. In fact, it has been a major topic of conversation in the coaching of one of my major clients that is very concerned with complacency in their company. Complacency can be absolutely poisonous to businesses chances for success. Complacency is confirming that you and your business are in a rut and you have decided to stay there. Well, just as Will Rogers warns us about sitting on the right track and getting run over, if your business stays in a rut it too will remain stuck and will get run over too. If you or others in your business suffer from this habit, try one or more of the following preventions and cures immediately!

Management and Mentoring with Unconditional Positive Regard
This article is the first of a series of three covering the core conditions model developed by Carl Rogers and its application to Management and Mentoring. These core conditions were developed for use in Person Centred Counselling Psychotherapy and from my experience have great relevance to Management in general and my Mentoring practice in particular. Carl Rogers’ view was that everyone should be judged positively no matter what (and I mean no matter who they are or what they have done). Rogers described it as “Unconditional Positive Regard” or UPR for short. The Rogerian view is that everyone is born with a positive approach but held back by externally imposed “Conditions of Worth”.

Innovation In A Static World
Everett Rogers' theory on the Diffusion of Innovators. Rogers was a sociologist who, at the age of thirty, wrote that diffusion is, "the process by which an innovation is communicated through certain channels over time among the members of a social system." Rogers basically demonstrated that change agents can be broken down into their rate of adoption.

How to Buy a Mobile Home Park and Turn It Around
When you buy a mobile home park that needs to be turned around (and most parks need some type of turnaround), the first thing you need to do is disengage the prior ownership/management. Face it, if the park is not running like it should be, you will most likely want to start over with a new management team. Even though the prior owner is usually to blame for the poor operations of the park, it is difficult to keep the prior managers that have been trained poorly or incorrectly. So, in most cases, fire everyone and start over. There are always exceptions to the rule, but they are few and far between. I have found that it is easier to train a new manager than to retrain the existing one.

Mobile Home Parks - How to Properly Enforce the Rules
Many mobile home park owners feel that it is their duty as the owner to rule with an iron hand. They think that they can cure all of the park's ills with rule after rule. At with many parks, the rules section is longer than the lease itself. But is the park any better off with "rules phobia"? I have tested operating parks with extreme rules enforcement, and also with virtually no rules enforcement at all. And I think I have found the solution to successful park rules.
Why Good Looking Mobile Home Parks Have Ugly Returns
Some mobile home park buyers have this erroneous idea that the goal is to buy a great looking asset. They even rate the parks they look at based on physical appearance. The star system is a good example. Most people think a five-star park is always superior to a one star park. However, the only real star system they should consider is which park is a superstar on cash flow. Because at the end of the day, all that really matters when you own a mobile home park is making money. Parks that make money are great, no matter how ugly they are, and parks that lose money are dogs, despite how cute their entry may be. And, as a general rule, the prettier the park, the uglier the cash flow.

How to Rent a Mobile Home Park in a Tough Economy
You can't be a mobile home park owner and not realize that the good old days are over in filling up vacant mobile home park lots. Those of us who owned parks in the late 1990s became spoiled with how easy it was to fill up a mobile home park. Back then, all you had to do was to meet with a few dealers, drop off some flyers, and you would start bringing in a home a week.
Finding and Evaluating Mobile Home Park Investments
Of all the questions I receive from investors that are looking to purchase a mobile home park there are two questions that are asked most often: 1) How do I find a mobile home park deal that makes sense? 2) How do I place a value on that mobile home park? These are important questions and there are several ways to find mobile home park investments and even more ways that one can approach evaluation of that investment.

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