Practical advice and knowledge to help business owners.
Over the last week I have been lucky enough to have been placed in situations that have broadened my perceptions. Perceptions are amazing things. You can find yourself arguing till you are blue in the face with someone when you are looking at the same thing, but seeing it from a different point of view.
This week I have had some really interesting discussions with a group of sports wanting to achieve greater collaboration off the field. The discussion turned to the business of sport and the impact that sport as an industry has on our local communities. It also turned to the perception by some that sport isn’t taken seriously as an industry that contributes to our economy and community wellbeing. So, I have decided to delve a bit deeper into this topic.
Sport needs to focus on solving its own financial and governance issues before it looks to develop any new opportunities. A statement that is rooted in traditional staleness of an inward looking business model. If you are continually looking towards your navel then you will eventually trip over or walk into something that has been staring you down. Something that Governments and failing businesses do very well.
Volunteering is too hard for many, not because they haven’t got the skills or the time, but because their attitude determines their circumstance. You can’t find enough volunteers to be on your committee or help out around the club. It is not that there aren’t people out there; it is your attitude that needs to change first in order to change the circumstance.
All Board/Committee members are responsible for the financial accountability of the organisation. Not just the treasurer, who is the one responsible for managing the processes. Try these three simple steps (with sample documents) to improve your financial planning processes.
© 2019 Paul Mead