How
many of you are still doing the same programs, year after year, and you don't
know why or you've been told we've always done them?
Are they well attended?
Are you making money?
Are they well attended?
Are you making money?
If
not, let's kick those programs to the curb. For a blog post talking about
program based budgeting go HERE.
Are you loading all costs towards your program? In other words are you counting the:
Are you loading all costs towards your program? In other words are you counting the:
- Staff costs;
- Marketing costs (printing, postage); and
- Food and beverage costs or meeting space fees in your final calculation?
...or
are you just comparing the receipts at the door (registration fees) vs. food
and beverage and room rental at the venue?
Do
the full arithmetic and if it's not making money -- kick it to the curb!
Remember,
we can't be running chambers that lose money.
We need to run our chambers like a business and run it in the black. Identify your core programs and make them better.
We need to run our chambers like a business and run it in the black. Identify your core programs and make them better.
For
a blog post on the Hedgehog Theory go HERE.
The theory suggests you should focus on:
Where those three meet are the programs you should be doing.
The theory suggests you should focus on:
- What you have passion for;
- What you do best or can be the best in; and
- Where you make money.
Where those three meet are the programs you should be doing.
Now that's
a recipe for success!
