In typical style, my vote is late.. On purpose this time. And it is MEH! The tribe has spoken, the railroad train has left the station. Que Sera, Sera. Time to move on!
I've attached the comparative financials for the group. The current year data is actually as of today, last year's data is for the full year. We will spend $4,000 next month for wages and maybe get a Socialcast renewal invoice for an unknown amount. Peter has done a bang-up job with vendor member renewals and we should be receiving at least $28,500 (2,850 for Peter) before the end of the year and probably much more. Add the cash flows until the end of the year and we will be sitting on at least $115K. Wow, that is an incredible number!
And it begs the question, WHERE are we spending it???
We have created a tremendous franchise and have done very well in moving it to the future. Membership is doing well, the vendor membership initiative is getting stronger, we held two VERY successful meetings (both in attendance and financially) this year and we are on track for the 4th annual MOTM in February. Wow!
However, we come up short in offering educational sessions to the membership for fear that we might lose money. As a reminder, we will have over $115K in the bank at year end. Isn't it supposed to be spent on membership activities?
For the 2013 value pricing session, we lost about $3K, for MOTM 2014 we lost $8K (almost entirely due to admin group travel expenses), Vegas 2014 the loss was $4K (all due to the Monday night social party). And we have $115K in the bank..
For such a visionary group, it is incredible how much naysaying there is. I was there for the 2011 DC group meeting when the idea for MOTM 2012 was initially proposed and discussed. They said it couldn't be done. I pushed for the DC Value Pricing session. They said it couldn't be done. Great turn out, smashing success! As I recall, the initial vote for Vegas 2014 was a NO! It wasn't until there was an inquiry from the MEMBERSHIP, that plans began for TWO sessions. Again the naysayers said it couldn't be done, again they were proved wrong.
Now we have the issue with MOTM 2015 and three wrongs now make a right! The tribe has spoken, there will not be a second educational session. For whatever reason. It is too hard, it is too confusing, it will dilute Alnoor's session, we don't have enough rooms, we will LOSE money, Eric was a poor presenter, there is no plan, no budget, yada, yada, yada.. Unfortunately, I couldn't provide the financials in a prettier format because I STILL don't do SI very well. I am a double loser now. But we DO have 115K in the bank
WHERE does the MEMBERSHIP see the benefit of 115K???
For such a visionary group, we certainly ARE risk adverse on certain issues. Where are the Vegas odds makers now??
On a more personal note, this thread is terribly ugly. Though I am getting used to the angry voices, it affects me personally. For whatever reason, Robert is the most vocal. Is it my whiney voice, is it that I have a different point of view, is it my dry (edgy?) sense of humor, is it my passion to serve the membership? I welcome the chance to take it offline, clear the air and put our differences behind us so we can move the group forward.
In our rush to duke it out in the mud, somehow Therese was caught in the cross fire and personally attacked viciously, mean spiritedly and totally uncalled for. Robert, you OWE her an apology!!!!!! It is the right thing to do.
Enough said on this topic for today. I have day job to go to.
I just hope we can spend the gob$ of money in a way that benefits the membership.