7 Good Excuses To Spend Your Company Money

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.

Owning a business or leading a team can be one of the most challenging things you can do, but it can be fun and rewarding if done right. I always say I’d take the worst day in my life as a business owner than the best day I had working for someone else, and I say this because for the most part (since I got to choose the industry I want to be in-sportswear), going to work has always felt like a lot of fun, instead of a tedious obligation.

It is easy to take for granted that my team members may not feel all the excitement and vision I have for the company. One of the biggest yet seldom addressed pitfalls of a small business is the psyche of the team members and how they feel about you, the company and the brand. I have learned over the years that pre-maintenance is a lot easier than damage control so in order to keep my office up and running on all cylinders there are 7 things I like to do:

1. Have a plan and write it – Sounds so simple but one of the biggest failures of small business owners is that you have dreams and ambition but it doesn’t make it on paper. This leads to constant changes, instability and employees losing trust that you’re the right person to lead them. Nobody wants to be lead by someone who changes their mind about the direction of the company on a whim (I’ve learned this the hard way). You may have a ton of brilliant ideas and in time you will get to them but remember you must first “plan your work and work your plan”.

2. Communication – Nobody will tell you that they like meetings but it’s vitally important that you have at least one scheduled each week to talk about where the company is at, what direction the company is headed and at least one personal victory story from the week before.  Personally, I like to start my meetings by casually talking about the weekend events and really try to get the team involved. When you are meeting with 12 and under this shouldn’t be too hard to accomplish; if the group is larger you may have to be a little creative. Next we go over each team members highs and lows of the previous week so we can learn from each other and finally we cap it off with this weeks expectations; it’s simple and to the point.

3. Food – Everyone loves food and there’s no quicker way to get a group moving and motivated than bringing in something delicious for them to eat before your meetings or during the week when you feel the momentum has shifted away from what you want. Every once in a while I’ll go out and buy each person the candy of their choice or just pick up a big bag of assorted candy and put it in a bowl… Be careful of candy coma (yes, this has happened to the office before). Also, never underestimate the power of freshly brewed coffee in the morning.

4. Games, games, and more games – I own a sportswear company so games come easy. We have office brackets for the NFL and NBA playoffs, March Madness and pretty much anything else that comes up. We also play in an inner office fantasy football league which creates some very fun and colorful talks each week. Participating in inner office games like these will bond your team members and create a sense of belonging and loyalty.

5. Have a plan for each employee – Everyone wants to achieve and succeed at what they do. Your job is to map out a career path for each person working for you and let them know about it. When an employee knows you have a plan for them, it is easier to get through the hard times when they come (which they will, they always do). The plan also motivates them to work harder to achieve the next step in their careers. As a small business you may not have a lot of opportunity at the moment but you can plan to grow and when you grow, the new positions that become available should be filled by current team members if at all possible. This will give the next guy who’s working his way up some hope for his future as well and boost company morale.

6. Plan trips – Each year I try to take a company vacation with the team. This may sound expensive and unnecessary and at times it is, but if you can budget it in, your team will love you for it and make your company a place everyone wants to work at. We usually make our annual business planning session an excuse to hit the slopes or spend a weekend at the beach. When budget does not permit, be creative! Paintball nights or something that everyone loves to do can go a long way.The benefits  far outweigh the costs and create memories that will stay with you forever.

7. Get to know them – In America employers have a phobia about actually getting to know the people who work for them.  I find this to be one of the dumbest things American businesses have adopted. Knowing about your team members’ family and kids, or other loved ones and actually asking about them (God forbid) is a great way to help them achieve their goals and let them know you care. For some reason we have been raised up to believe the boss has to be cracking the whip and glaring through their office window at their employees to be effective, but that couldn’t be further from the truth. A great leader will know how to balance being personal and objective and when to be what.

Boosting Employee MoraleShow you care and your team will also care, that’s a win-win if I ever heard one. Morale is one of the most important factors of growth that a leader has to pay attention to in a small business. If your employees give up, your business will soon follow. I have had my share of letting it slip every now and then but it is always good to be reminded that it can turned around if we put the above tips into practice.

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.

Having friends with benefits can be one of the most rewarding and beneficial things you can do. I’m not talking about having a “friend” who will roll in the sheets with you whenever you are bored; the downside of those kind of arrangements are too many to count (talk about mixed messages)… I’m actually talking about real friends with benefits and why it will make the difference between whether you become successful in business or not.

Friends With Benefits

Friends With Benefits

“You can have everything in life that you want, if you will just help other people get what they want”-Zig Ziglar. This is a great quote that talks about the first benefit of a good friend. Over the years I have learned that when a friend is in need I have to be there for them, it’s not an option. This can cause a lot of inconvenient times, especially when you have a business and a wife and kids and, well, you get the point. The reason I do this is not to get something out of them but to let them know they are important to me. Inevitably though, whether you believe it’s God (which I do) or some other cosmic force, when I’m in need someone is always there to help. Without the help of friends I would have failed long ago and not had the strength to get up. So the next time you have a friend in need, take the time make a difference.

“It’s not what you know, it’s who you know” I think out of all the quotes and sayings going around these days, nothing can be closer to the truth than this one. Over the years I have gained many friends and believe they all have value in my life but there are always those friends that have the ability to actually make things happen for you when you need it. It’s important to build a network of influential people that can make a difference in your life. I have different circles of friends for different things and by far my most important circle is my advice circle. These are guys I can be honest with and I know that when they give me advice it will be wise and unbiased. I’ve had countless times over the past 10 years where I was stuck at a crossroad and if I didn’t have men like this in my life I would have taken the wrong path, and that’s the difference between running a company or looking for a new job on an endless cycle of failed jobs. It’s hard to find friends like this so when you do, let them know you appreciate them and all they do for you.

“Bad company corrupts good character”the Apostle Paul. This is the hardest of my friends with benefits tips. Nobody wants to tell a buddy to bug off, because, well, they are your buddy. In the end though, every friendship you have should be evaluated and if for some reason every time you are around this particular person, bad things happen then it’s time to break off your BROmance and find friends that will not get you in trouble. If you don’t know how to do this I’ll give you a helpful hint, ask your significant other. My wife can spot a bad influence friend a mile off and after I get done fighting with her about it, I usually come to my senses and see what she had seen long ago. When I don’t come to my senses fast enough though, I know she will repeatedly remind me of my mistake for the next decade or two. So my advice is to act swift or face the consequences.

Friends are a touchy subject for many people but if you want to succeed and become more than you are today, make sure the friends you want to keep in the future are helping you get there.

By: Todd Marinshaw 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.

Tina and Todd

People always ask how I met my husband. A small  girl from the Philippines with a 6 foot ex-Special Forces white man- the stereotypes can be hilarious! The most common of which is that we probably met at the Naval Base, with me doing what?  The truth is, Todd and I were set up as a blind date while he was visiting Manila for an international church conference (Nope, not one of those Korean ones where you all get mass married!). Singles mixer, everyone’s excited, his friends ask my friends to go out, and poor little me just watching it all happen. As if an afterthought, one of the guys said, “Don’t worry, we can set you up with Todd”. Todd? Who’s Todd? Todd was in the middle of the dance floor surrounded by more than a dozen starry eyed single ladies. So I casually parted the crowd and said, “Excuse me, you are my date tonight”. And the rest, as they say is history.

I left a very promising career in brand management working for global brands such as Levi’s and McDonalds to follow Todd and start a new life in the US. Before anyone can say “INS Work Permit”, I was offered a marketing job in a new product development company in San Francisco.  Not a year later and our CEO offered me a position that would’ve involved more traveling to pitch our products to fortune 500 companies. See, said CEO was young, successful, and not very bad looking, so you can imagine my then new husband’s reaction to that. (FormerCEO, if you are reading this, now you know why I really left ha-ha). In all seriousness, Todd and I wanted to start a family and knew we needed a lifestyle that would make that easy. So we started brainstorming and opening our eyes to opportunities and before we knew it, the idea for a fully custom team sportswear company, Allen Sportswear was born.

Cut to 10 years later, and what seemed like a fairy tale has had it’s share of ups and downs.  We have learned a lot about each other and from each other. Even though the experience has been incredibly rewarding, there have been a few occasions when I have threatened to resign and work at Disneyland if need be.  I personally think that working with or for your husband is a calling that only a few can embrace! Date nights can turn into strategic planning sessions and bedtime cuddling can include random financial analysis discussions and even weekends can turn into family field trips to paint the new office. The line between family and work gets blurred and heated discussions become the norm. For anyone who has ever worked for us and been completely bewildered by our dynamics, I want to take this opportunity to say I am sorry. And you are welcome- for the endless entertainment! But what can you do when you are the complete opposite of each other  in the workplace? Whereas he is the visionary, always dreaming of new products and spewing out new ideas, I am the analytical planner, SWOTing in my brain and spilling out a list of why it won’t work critical success factors long before he can finish his sentence. Whereas he can close a deal with his ability to build rapport and articulate his ideas in 10 seconds, I tend to ramble and go off tangent in my obsession with details. (Check out the awesome logo and simple layout of this blog site..oh wait, what were we talking about? Oh yeah, Todd is from Mars and I am Venus!) Yet in spite of this stark contrast in personalities and skill sets, we are both very driven and passionate about what we do, and so with much prayer, perseverance and the guidance of inspiring leaders we have in our lives, we have both learned to use our differences to shape us into something more powerful together. Proverbs 27:17 shares this wisdom, long before we figured it out! “As iron sharpens iron, so one man (or woman) sharpens another.”

So what is the secret to being married and staying married to your boss? I honestly haven’t figured it out. But what little I know, I hope to share through this blog (along with other random managerial and technical how to’s that I so terribly enjoy but do not have enough airtime during meetings to share). I am excited to share my experiences and learn from yours, to continually sharpen each other and together, we can band as one to become the most effective leaders in our respective organizations.

By: Tina Marinshaw

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I’m excited about the opportunity to share with the world the “Band of Bosses” blog.  Here we will talk about any and all subjects related to being a boss.  Whether you’re a business owner like myself or a manager at the mall, it makes no difference because this site is dedicated to having a community of leaders and helping  each other lead better. The idea behind the Band of Bosses comes from Proverbs, “Let the wise listen and add to their learning, and let the discerning get guidance”.  We are all leaders and learners on this site so feedback is greatly encouraged.  Everyone wants to hear from you so don’t be silent!  Just a few guidelines, no profanity and no belittling; we can correct, encourage and help each other with tact. Everyone that comes here is both a teacher and a student so lets make sure we act accordingly. Also,  I encourage each and every one of you to write your own article to be published here with the wisdom you have obtained from your own experiences; just post a topic and once it passes review it will be posted.

I’d like to share a little bit about myself. Currently I am the President of Allen Sportswear a fast growing team sports apparel company based in Orlando, FL.  I am also Co-Founder of iPrevail International Foundation, a non profit organization that specializes in helping families overcome tragedy and get back on their feet.

I started off from humble beginnings, after a very unmotivating 4 years in high school I had two options presented to me; move out and work my way through Junior College or join the Military. I chose to enlist in the Navy and that began my journey into not only becoming a man but becoming a leader. While in the Military I achieved the highest ranking possible in a 4 year period and became a part of the Special Forces as a U.S. Navy 2nd class Diver. During my 4th of what was supposed to be 8 year enlistment I was hit by a car on base in Pearl Harbor and that was the end of my diving days (Yes, I know that doesn’t sound sexy but it’s the truth).
After my military days I jumped around doing everything from tutoring to working as a prison guard (juvenile hall actually) . Nothing caught my interest though until I met the woman of my dreams and decided I needed to grow up and get serious about a career if she was ever going to marry me. Yes, she does read this blog if you were wondering 😉 but that doesn’t change the facts. So, I decided to get into the exciting world of selling and I was a natural. I moved from one job to the next until I finally ended up at SBC, now called AT&T. I made good money but was left unfulfilled by what I was selling and what kind of impact I was making in the world.
That feeling eventually led me to start Allen Sportswear with my wife Tina and 10 years later we are still at it, learning from our mistakes and doing what we can to make each year better than the last. I love Allen Sportswear but one of the things I’m most proud of is iPrevail, which is something I get nothing out of but knowledge that I have made an impact in this world, which For me, there is no better feeling.

I look forward to hearing your stories and learning from your endeavors, thanks ahead of time for the knowledge you bring.

By: Todd Marinshaw