What are the 3 C's of team players?

For our teams to succeed under any circumstance, we must always prioritize communication, team coordination, and cooperation.

mwbuilders.com - Effective Teamwork: The 3 C's - MW Builders

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Thought Leadership

Effective Teamwork: The 3 C’s

The past year has been hard on our industry in many ways, and as we moved into working from home during the spring, it quickly became evident just how important effective communication and teamwork is. As we enter 2021 with new prospects and projects, we’re keeping this top of mind.

All of our people have experienced jobs that are successful and run pretty smoothly, and then there are those that pose more challenges and risks. Jobs with more obstacles naturally drive us to seek the errors of our ways so we can adjust our practices for the future. It is in this arena that we garner our “lessons learned” and look inward at what we could have done better as individuals and as a team. After all, steel sharpens steel, right?

We have much to learn from both types of projects, but too often we allow the sense of accomplishment to blind us to our micro errors along the way. For our teams to succeed under any circumstance, we must always prioritize communication, team coordination, and cooperation. Although this may seem like a fairly simple concept, sometimes the most uncomplicated plans are the ones that work best. As we begin a new year, let’s reflect on the simple things that carry a lot of weight that create successful projects and relationships.

Communication

Communication is something we do every day and yet it is often overlooked. Open and clear correspondence between each member of the project team lessens assumptions and the risk of misinterpretation, and without this, you invite the risk of expectations not being met. Not every client, owner, and team is alike. Each of our colleagues has different backgrounds, passions, ways of learning and communicating, and expects different things. The best way to build a trustworthy and transparent relationship is to understand what each team member is wanting out of the transaction to accommodate expectations. Be vocal and be honest, but most of all, listen. If the team’s expectations are heard and understood, we can establish trust with our colleagues. Great jobs are normally the result of a team that worked well together because there was a sense of commonality, a sense that the team wants to deliver the product you have in mind and is working towards that common goal with you. When a client feels that you have tried to understand them, it shows that we want a partnership.

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Do $5 dollar slots pay better?

lasvegasadvisor.com - Do the Machines in the High-Limit Areas Pay off Better?

Concerning the high-limit slot-play area, the Nevada Gaming Control Board sets the minimum rate of return on slot machines. Does the same machine in the high-limit room pay off at the same percentage rate as the same machine on the general floor? Do the machines in the high-limit room pay off at a better, same, or less of a percentage rate as opposed to the machines on the general floor?

A:

It's well-known that the higher the denomination of slot machine, the higher the return percentage. This makes mathematical sense; since these machines handle much larger action, they can be set at a lower hold. Look at it this way: It takes 20% of a quarter wager to return the same as 5% of a dollar wager. Also, the slot payback statistics bear this out. For fiscal year 2018 in downtown Las Vegas, penny slots paid back on average 89.15%, nickel slots 93.40%, quarter slots 94.25%, and dollar slots 94.63%. The same is true for the machines in the high-limit rooms. Between March and May 2019, statewide, $100 slots paid back 95.69%. According to Michael Shackleford, The Wizard of Odds, "The machines in the high-limit areas have higher payback percentages than those on the floor." We'd be inclined to agree, although comparisons are tough, since you won't find too many $25, $100, or $500 slot machines in the main casinos.

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