7 Good Excuses To Spend Your Company Money

In the world of small business where we don’t have the luxury of multi million dollar operating expense budgets, we have learned to pay close attention to where every dollar goes, what are the “need to have’s” versus  the “nice to have’s”. Because of this chronic cost consciousness, what owners and managers often miss is that there are a few expenses that not only justify their existence in their annual P&Ls but generate an intangible return on investment that impacts all business functions.

I am talking about having fun! Think about extraordinary team building activities that will blow your employees away. There is no faster way to build camaraderie and teach real life lessons of success, failure, humility, teamwork, perseverance, focus, planning and strategy than actually engaging in activities that require them. So here are a few of my favorites:

1. Take them to a gun range - Say what!? Yes that’s right, a gun range. Obviously if you employ people that, eehemm, wouldn’t be allowed in a gun range then this would not work.  Assuming you have a team with no criminal record or other issues, this is a great team building activity. Many people love going to the range on their own, so this is a good chance to take them to the range and let them show off. Many times there is a person that always wanted to go but never had anyone to go with so they never did (they generally will be the most excited). I recommend having competitions and prizes for “best shooting”, “rookie of the year” (for the newbies) and “most improved” for the guy or gal that is horrible at the beginning but gets better. Your team will love this out of the box activity and create great memories.

2. Sailing - Sailing is a great way to build teamwork. If you live anywhere near the water, taking your team on a sailboat and learning how to catch the wind and take off can be exhilarating.  If you have a few people that actually know how to sail you may want to consider renting Hobie cats, dividing your team up and having a race.  It’s pretty simple, just assign a Captain for each boat (usually the guy that knows how to sail), let them pick their teams and off you go. The winning team gets free lunch and beer  after the race paid for by the losing team or teams!

3. Mud Run - Mud runs are one of the most popular races today. They are fun, dirty and create great memories. The best part about it is that the whole team gets motivated to work out during the weeks leading up to the race, which is never a bad thing.  With the way insurance rates are going through the roof, keeping a fit and healthy team is always a bonus. Again, it is always a good idea to hook the winner up with something afterwards, even if it’s just a beer.

4. Paintball - The first time I took my team paint balling, I was worried some of the ladies would not take to kindly to being shot at.  Boy was I wrong! Not only did everyone love going to war with each other for bragging rights, but the most fanatical competitors where the ladies!   They ate it up and wanted more when we were done. Since then I try to have at least one or two paint ball outings a year and they have never failed me yet.

5. Go Skiing - Every company has leaders and this is a “leader” activity. Even Jesus had his special 3 apart from the 12 and so should you.  Money permitting, I like to take my leaders skiing because it’s the best way to show them they mean a lot to me. If you rely on people to make your business go, then you will have to do more than give them a bonus twice a year to keep them loyal. The key to keeping good employees is doing things for  your people they wouldn’t normally do for themselves. 

6. Four wheeling - There are many places that do guided ATV tours with either go cart style vehicles with roll cages or 4 wheeling ATV’s.  This is another one of those activities that’s a lot of fun but is not something many people would ever do on their own. Nothing bonds a team faster than getting dirty and muddy together!

7. Beach Rental - Renting a house on the beach will help your stressed out team unwind and relax. Personally when I do this I tell them to go ahead and bring their significant other but unless they are married they have to sleep in separate rooms. If I’m paying I make the rules! I’ve never had a problem with this and it keeps things professional even while relaxing on the beach and letting life’s worries pass by you

I have never felt like spending on fun, coupled with some strategic planning or plain old bonding was a waste of money. What usually happens is everyone goes back motivated, more inclined to go out of their way and help another team member even if they do not have to, or just more pumped up to work and be part of a winning team. If you stay consistent and learn to practice this wisely, you will see your bottom line grow slowly but surely. Work hard and play hard, it will never get old.

 

By: Todd Marinshaw. Todd owns and operates a sportswear business based in Orlando, FL and recently founded iPrevail, a non profit organization focused on relief and rehabilitation for victims of disasters such as Typhoon Haiyan.

Author’s Note: Watch out for a follow up article in the next few weeks about Travel and Entertainment Tips and Secrets that Do Not Break the Bank.

3 Thoughts on “7 Good Excuses To Spend Your Company Money

  1. I think this is gonna be my new bucket list for my company!

  2. Paintball!!! Where you actually see everyone’s personalities…risk taker, risk averse (me, I just hide until everyone’s been shot hahah..lol every now and then I take a shot!), who plans and has a strategy, who just comes out guns blazing, who doesn’t have a sense of humor, who goes overboard. Super fun!

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