After EA Joe the jetsetter jumped a plane from San Francisco to Nashville to do a closing keynote for the NTMA (National Tooling and Machining Association). Unfortunately, on the long leg of the flight I did not get upgraded by Delta so it was jet setter Joe in a middle seat exit row from SFO to ATL. (Good leg room but a little cramped.) I got to Nashville in time to enjoy a good steak dinner with the leaders of NTMA, a friendly group. The Opryland Gaylord Resort was impressive and easy to get lost in. They were all were very happy so see me and liked the books – I guess a couple of them read my books. I even got some impressive welcome hugs from the group.
The keynote was on Saturday morning from 10 to noon. Then it was on to golf. You would think that a two hour finance keynote on a Saturday morning right before golf would be tough, but it turned out to be a great morning for finance! My sponsor was DMG-Mori Seiki and the group of about two hundred was very attentive. I talked with them about some of the open book philosophies I have employed at Setpoint and how they could use similar approaches in their businesses. Then we did a little income statement and cash vs. profit. The session was very well received and I really enjoyed this group. A lot of small and mid-sized business people were represented.
A keynote is different from our typical corporate training because it’s really all me speaking and few, if any, questions. I enjoy keynotes because I like to tell stories and make finance fun for the group. It is nice to have such a naturally fun topic when you need to do two hours right before golf. At the end of the session I suggested that a session for next year on ROI would be great for this group since so much of the investment in the machining and tooling industry involves investment in capital.