At my management team meeting this morning we
reviewed the preliminary first half performance numbers for the Chamber. Itís
important for all team members to understand where we are as it relates to our
The most important things my colleagues want is
information and a sense of being part of something. There are a variety of
responses to this form of management, but the most progressive organization
routinely include employees in various levels of communications.
One important issue for us relates to employee
benefits. We were socked with a 37 percent increase in health insurance costs
this year after a similar increase last year. That has prompted me to spend
extra time looking for alternatives. Iím happy to say that after significant
due diligence, we are looking at an option that gives increased coverage at a
Mid-course adjustments are necessary to reach
your goals of profitability and growth. If cash flow is good bring down your
accounts payable and invest in those capital items you have been putting off.
As important will be your planning for 2011 and
beyond. Now is the time to shape your plan for next year assuming you
experience similar results for Q3/4. Make sure you include your staff in those
discussions. Give them ownership of helping to shape plans and budgets. This
not only makes them accountable but gives them a sense of pride and belonging.
To profits, jobs, and growth!