- Would I spend my own money this way? This seems like a pretty good place to start. Would you go on five planning trips (and authorize three more) if you had to pay out of your own pocket? Would you stay in a $500 to $1,200 a night hotel suite for multiple nights if it was coming out of your wallet? If the answer is no, that’s a warning sign.
- Am I trying to hide it? Neely must have had some warning signs of his own in planning the meeting. It’s reported that he asked a GSA lawyer to give an opinion on the $75K bike building session but to not write it down because it might “become discoverable.” If that little voice inside your head says, “Let’s make sure we hide this,” that’s a pretty good indication that you shouldn’t do it.
- What’s my point of reference? It’s been widely reported that Neely directed his staff to make the Vegas meeting “over the top.” In the process, the budget ballooned from $300,000 to over $800,000. Seriously, dude -- over the top compared to what? Compared to what other federal agencies do for their management conferences? Compared to what Goldman Sachs does for theirs? Compared to what most people on Planet Earth would find acceptable? Making sound decisions about spending other people’s money requires a point of reference that is grounded in reality.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/31099/3-questions-they-should-have-asked-at-the-gsa "