Past blog posts have addressed:
...which all focus, in different ways, on programs that your members value and where you’re making money.
When
looking at your programs many suggest you look at the net revenue for each of
your programs (including fully loaded costs, i.e. staff) not just the gross
revenue. Be smart about where you put
your chambers resources.
The more
you focus on net revenue the better your spread will be at the end of the year
and you’ll be able to put more money to reserves.
And we all
know in today’s economy anything we can do to improve efficiencies and improve your bottom line will be well received by your board.
Which would
you rather have a bigger gross budget or a better net profit in your next budget
cycle?
