What’s the cost to put together a strategic corporate meeting or retreat? Regardless of the specifics—hotel expenses, payroll, lost opportunities, lost management time planning the agenda, the cost of guest speakers, food, and supplies—you expect the returns to far outweigh the $3000 or $150,000 bill.

Unfortunately, too many meetings never hit their mark. You start with specific goals and an agenda. You sit everyone down and start covering your list. However, somewhere the whole thing veers off course. Perhaps a guest speaker doesn’t deliver the content you intended. Maybe a member of the group falls short with their sales presentation or operations report. Before you know it, you’re at 72% of where you wanted to be, and you can’t go up. Now you’re stuck answering questions or offering solutions that weren’t part of your original agenda.

When the event is over, you’re happy…not elated. The whole thing wasn’t a total loss. You rallied the troops, but didn’t achieve objectives the way you had intended. Sales will rise, maybe by 20%, but they won’t double the way you had hoped. You pay the bill and go home.

It doesn’t have to be this way. Here are 11 ways to get more of what you want out of future meetings:

1. Set the agenda yourself…don’t have your staff do it. Yes, ask for ideas, and get involvement early. However, you give the purpose for your meeting, and that can only be focused if you keep on target.

2. Select presenters who have some presentation skills. This is not a popularity contest, but if your operations person should have been buried 8 years ago, you don't need him/her at your meeting. Find a presenter who will perform in a way that suits your needs.

3. Get presenters on the same page you’re on. Too often guests are asked to deliver information and

then left on their own. Stage the content like a Broadway show. Choreograph more than just their topic; know their direction, content, and tone. If you’ve ever been disappointed, that’s typically the reason why.

4. Focus on the value to the participants. Remember that participants are looking for “what’s in it for me.” Plan every aspect with this important factor in mind.

5. Get to the point. Start meetings off fast. How often have you enjoyed the CEO/President speech? No one else likes it either.

6. Stick to the issues and keep it honest. The purpose of the meeting is to focus on real data. When egos, sales, or fear get in the way, participants build solutions to fictitious problems. Not the way you want to go.

7. Place handouts in order of use. Then staple them in that order. Participants can’t pay attention if they’re struggling to find out where you are.

8. Create an accountability sheet. One page. Who does what, when and how? If it's discussed, someone must do something (or decide to do nothing). Minutes are nice, but how many times in your history have you read minutes from a meeting and then acted? We’re guessing few, if any.

9. Don't speak “off the cuff.” Even professional speakers who sound like they’re winging it are not. You shouldn't either. Take the time to bullet your points. Think them through. Odds are you’ll get significantly better results with a trial run through your notes before the event, versus improvising in front of the crowd.

10. Stick to the schedule. Make sure your room has at least one clock facing the moderator. Try the Wal-Mart $5.99, 8-inch clock. The worst thing you can do is look at your watch. Then everyone else does.

11. Prepare the next agenda during the meeting. It’s like setting a rocket booster under your seat. Set 15-30 minutes aside to plan the next meeting while issues are hot. There can be changes later, but at least the burden is lifted, you’re covering key topics, and everyone knows what to expect.

Olympic ski races are won and lost by only hundredths of seconds; most corporate meetings teeter on the edge of success and failure by similar fractions. Creating meetings is not rocket science, yet so few meetings bring about the impact intended. Implementing even a couple of the above suggestions should boost future results from so-so to astronomical.

© David and Lorrie Goldsmith

David & Lorrie Goldsmith are managing partners of a firm that offers consulting and speaking services internationally; clients include Fortune 200 companies. David was named by Successful Meetings as one of the "26 Hottest Speakers in the Industry". More info at http://www.keynoteresource.com

Dec
 

Total UK personal debt

Total UK personal debt at the end of October 2007 stood at £1,391bn. The growth rate increased to 9.7% for the previous 12 months which equates to an increase of £122bn.

Total secured lending on homes at the end of October 2007 stood at £1,169bn. This has increased 10.5% in the last 12 months. 

Total consumer credit lending to individuals in October 2007 was £222bn. This has increased 5.8% in the last 12 months.

Total lending in October 2007 grew by £8.8bn. Secured lending grew by £7.3bn in the month. Consumer credit lending grew by £1.4bn.

Average household debt in the UK is £8,920 (excluding mortgages). This figure increases to £20,741 if the average is based on the number of households who actually have some form of unsecured loan.

Average household debt in the UK is £55,877 (including mortgages).

Average owed by every UK adult is £29,311 (including mortgages). This grew by £250 last month.

Average outstanding mortgage for the 11.8m households who currently have mortgages is £99,090.

Two fifths of mortgagors have secured debts of over £90,000, up from one fifth in 2004.

Average interest paid by each household on their total debt is approximately £3,744 each year (this equates to ~ 9% of take home pay).

Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,678 per average UK adult at the end of October 2007.

Britain's personal debt is increasing by £1 million every 4 minutes.

Today in the UK:

• Consumers will borrow an additional £335m today
• The average household debt will increase by over £13.45 today
• 77 properties will be repossessed today
• 305 people today will be declared insolvent or bankrupt
• 2,750 County Court Judgements (CCJs) issued
• Bank and building societies will hand out £1bn in mortgages today
• Citizen Advice Bureaus will deal with 6,600 debt problems today
• The average car will cost £15.40 to run today
• More than 7,716 loan repayments are going unpaid every day
• The average home will cost £30 today to run
• Raising a child to the age of 21 will now set you back £23.50 daily
• The price of a typical house will increase by £33 today
• £526m will be withdrawn from cash machines today.
• 24.5m transactions worth £1.4bn will be spent on plastic cards today
• 1/3^rd of all groceries we buy today will end up in the dustbin.