2011 Quarter Two Results Audio Recording

Please click below to hear my presentation to the company.



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2011 Quarter Two Results

Greetings everyone! 

I stand before you today to give an update on our second quarter state of the business and financial highlights.  Overall it has not been a solid quarter.  Our software sales and related training have been steadily declining and we reached a breaking point this past quarter.  We’ve seen a decrease in sales of 3.3% and training income is down a modest 1.9%.

Unfortunately the increase in head-count and additional contractor hours has negatively affected our bottom line.  We’ve hired a handful of fresh college grads along with a couple well-experienced training professionals ultimately increasing our salaries and benefits expenses by 5.9%

By itself this sounds bad to most, or all of you.  However, this comes with good news in that our increase in staff will eventually pay off in the long run.  Our internal training and the cost of getting the new employees up to speed has decreased our selling productivity and decreased our ability to offer outside training to clients. 

I feel confident telling you all that once we get over this hump and everyone is back up to speed then our sales and training income will spike back up to normal levels and beyond.

Pawn Shop

An untidy old man examined Jeremiah’s pawn shop shelves.  The unexpected sway of the old man’s coat gave way to a revolver; the under-counter button was pressed.  Men in blue with handguns drawn flooded the tiny shop.  At seventeen hundred an ounce, his attempt to swindle the gold was ended.

Financial Audit: Pass!

First I’d like to start by sending out a BIG THANKS to the group for the successful completion of our 2010 financial audit!  PricewaterhouseCoopers has officially signed off on our financials and we’re ready to pass the documentation along to the next step: formatting and preparing the annual report. 

As you know, getting a passing mark from the auditors is one the groups goals for the year.  It is also an essential part of being able to market our financial credibility as a business.  Although this task goes seemingly unnoticed to the rest of the company every year it is because this group performs well together and gets the job done where it matters.

As an indication of this accomplishment we’ll be going to lunch this Wednesday with the CEO.  As a heads up he’ll probably be looking for input and suggestions to help improve next year’s audit and other general goals for the group.  Start thinking of questions or suggestions you may have for him on Wednesday.

Thanks, and keep up the good work group!

Social Media

The linked document below references our company's new policies and procedures around social media use and appropriate channels for the company.  The company's position is to allow the use of social media as it pertains to our business only if used professionally and in regards to our publicly safe information.  Described in the document are means of social media which are hosted by our company and are appropriate for work use.

Look here