TRIPLE III TIME: Know The MONEY-SIDE!

Way back…when I got my first real, solid job…I was lucky enough to have a Boss that immediately became a mentor for me.  Even though he in age was not many years older than me, in the area of extra education, life experience (he was an armed service veteran) and professional-style jobs, he carried a great deal of valuable knowledge!  And even though we only worked together for about three years, (and yes he helped me become the new Boss at a VERY young age), the multiple key professional learnings I gained were tremendous.

But for this week’s TRIPLE III TIME, I want to focus on the one area FEL stressed the most:  Know The MONEY SIDE!  So what specifically was he trying to emphasize to me?

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Well to answer this question… I can fairly report that at least every other day of our work time together, FEL made sure he clearly explained:

  • Know where the dollars for our agency’s operation came from.
  • What specifically could the funds be used for.
  • The results/products/services we were trying to obtain/provide.
  • Who was overseeing what we were doing to make sure we didn’t mess up with the money.
  • Avenues for other dollars that could expand what we do.
  • The legal methods we were using to account for the money.
  • Pro and con impacts that would show up if we lost money or gained more money.
  • Finally making the point that in public or private business…nothing happens without the money.

Bottomline:  As a good employee/business person in any profession, if you Know The MONEYSIDE of your organizationyou will be a better employee.  Agency actions and decisions will make more sense and your potential progressive impact on “making good things happen for you and the company”…will be a solid result.

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About Inspiring Innovations, Inc.

Marv Pichla is currently the owner and Creative Advisor for his own small business, Inspiring Innovations, Inc. Sharing his unique experience with entrepreneurship and innovation in public service, Marv consults with public and private business, education, and community organizations to develop new and different problem solving methods through real-life example-based learning. Prior to starting-up Inspiring Innovations, Inc. Marv served as Executive Director for Thumb Area Michigan Works! As Executive Director, Marv used public sector innovation as his guide for the organizations regional career development, employment service, education and strategic planning initiatives. Finally, Marv was raised on a farm in the Thumb Area of Michigan where he claims he received the education principles he values most. However, he obtained his Bachelors and Masters Degrees from Center Michigan University in Public Administration and eventually his Ph.D. from Capella University in Minnesota. Marv can be reached at: mpichla@inspiringinnovationsllc.com

Posted on September 20, 2024, in Triple III. Bookmark the permalink. Leave a comment.

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