Profit Soup - Good for Business, Good for You.

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April 2010 News

Denver Franchise Business Network features Profit Soup’s “Enrich the Mix: Financial Essentials for Your Business Recipe

April 20, 2009

 

PakMail Services, The Jones Group, CPA's & Advisors and Ballard Spahr LLP will sponsor Profit Soup Principal Barbara Carper’s visit to the Denver Franchise Business Network, April 20 at the University of Denver.

 

The Profit Soup presentation will deliver tips for assessing opportunity within your own network to make financial management discipline and success a part of your franchise model. In addition to the presentation, the dinner meeting includes time to socialize and network with industry peers and pros.

 

Attendance is open to all.

 

Details: http://enrichthemix.eventbrite.com/

 

New Twist on a Business Solutions Case Study for your Next Meeting

Barbara Carper represented Seattle area women in franchising at the February 2010 meeting of the Women's Franchise Committee in San Antonio. The meeting was held in conjunction with Women in Franchising's Leadership Conference and the annual convention of the International Franchise Association. The leadership conference featured an innovative group problem solving format that has real potential for adapting to your own next meeting.

Attendees were given a one-page summary of a business scenario detailing events leading up to a critical point. Immediate prioritizing and proactive management were required for a business turnaround. Attendees were told that the problems outlined were real, and were asked to determine solutions and priorities. Table-groups worked out solutions and shared the high points of their plans with the entire group. After the solutions were presented, the actual CEO who implemented the turnaround was introduced. She revealed her real-life solutions and candidly shared the thought processes and challenges involved in establishing her pathway to success. Attendees were able to ask direct questions about how the solutions were implemented and what the CEO would have done differently if given the chance.

Could a format like this work for you?

Could a member of your network who has faced the adversity of 2009 with conviction and discipline help others learn from the real-life trials of their peers?

 

Planned properly to maximize group participation, this hard-hitting session can help build problem solving skills, reinforce operational truths, establish a sense of optimism and cultivate camaraderie in your network, all within the context of your own unique and challenging business environment.

 

Need help designing impactful convention or meeting activities? Contact us.

 

What is Your Network’s Financial IQ?

Profit Soup facilitated a business solutions roundtable at the IFA Convention that revealed  opportunities for supporting and enhancing the financial IQ of a franchise network. Financial executives shared their real-life practices, challenges and solutions contributing ideas in five areas: education, systems, goal setting, benchmarking, and coaching.

While the discussion was framed in the franchising environment, buying groups, associations and other multi-unit business networks will value from the insights shared at the session, which are captured in the discussion paper "How's the Financial IQ of your Network?".

 

New Digs for the Soup, and “What’s Behind Door Number Three?”

We're settling into our new location just south of Seattle, near the Sea-Tac airport at 356 Upland Drive, Tukwila. The facility houses our offices and the 1959 vintage unlimited hydroplane "Miss Thriftway." The retired race-boat has been the cornerstone of an event management and sports marketing effort called Fast Promotions Company, LLC. since its inception in 1995.


Fast Promotions clients have included Associated Grocers, the Detroit River Regatta Association and the movie production Madison. The company and Miss Thriftway have also participated in promotions for Ivar's Acres of Clams, Pemco Insurance and Sherwin Williams Paints.

Miss Thriftway recently appeared at the Seattle Boat Show in a promotion for Seattle's premier summer festival, Seafair
.