I love envelopes. They're just like napkins...those small inviting pieces of paper that inspire the most creative and insightful conversations. You can draw pictures, summarize key decisions, collect your thoughts -- and yes, even manage your business from them.
I call this post "the power of an envelope" because I believe it's a great way for executives (not just CEOs by the way) to always be mindful and on top of the key drivers of their business. Write the 4-5 key metrics for your business down on the back of an envelope and put them in your pocket.
Trust me, put them in your pocket -- not on your computer spreadsheet, or in your notebook, or on a post-it note. Carry them with you, in your jacket pocket and keep them updated on a weekly, monthly, quarterly basis. It's not only a great reminder for you, but it will set a tone in your executive team meetings about "what's important around here"....pull out that envelope and your team will quickly begin to recognize that the discussion is moving to how the daily operating decisions are impacting the business drivers.
The envelope is also telling for your investors. It signals discipline and commitment to managing to the metrics. Something all investors want to know your preoccupied with.
So my 2006 tip is to buy some #10 envelopes -- it could be one of the best investments you make this year!!
All the Best for 2006!
Wendy Kennedy
author/advisor/lady with the flipcharts!
www.wendykennedy.com
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