Am I really asking you what you’d do with a spare hundred bucks when you’re the CEO of a business doing 7 … 8 … or even 9 figures a year in revenue?
Of course not!
But you could – and probably should – ask everyone else in your business that question.
Why? Because while you are sitting in the board room making decisions about how to spend/allocate/invest thousands or even millions of dollars, you are probably overlooking a lot of small projects that other people do see and actually really care about and could be taken care of for just a ‘hundred bucks’.
Okay, you’re a smart CEO so I bet you’ve already done the math by this point.
Something like … ‘one hundred employees at a hundred bucks apiece = $10,000.’
And with your mind still racing, wondered if everyone is going to spend the money wisely.
Some won’t.
(You might get someone ordering themselves a new more comfortable office chair, right?)
But you’d have to be hard-pressed to imagine that you wouldn’t get a return of at least $10,000 by implementing on those hundred ideas.
And I know you’ve got a few people around that would figure out how to 100X your money just for the bragging rights.
On top of which, there’s the improvement in morale to consider.
You know from empowering people a little. Trusting them. Giving them a voice. Letting them decide about what’s important to them.
Not forgetting the party you’re going to throw to announce who came up with the ‘best’ way to use the money.
Don’t delegate. Tell everyone about this yourself. Face to face, one person at a time if you can.
Look ‘em in the eye as you hand them a fake hundred-dollar bill, blank on one side for them to write their idea down.
And then have them pin their idea to a corkboard.
A hundred, $100 bills pinned on a corkboard looks kind of impressive don’t you think?
Would make a good PR picture too.
Have fun!