Follow the Leaders
VACEOs to Partner with Virginia Chamber of Commerce
(READ Richmond Times-Dispatch Coverage >)
The Virginia Council of CEOs and the Virginia Chamber of Commerce announced a strategic partnership today. The agreement grants active VACEOs members dual membership in the Council and the Virginia Chamber of Commerce, strengthening the Council’s value to its membership and facilitating its ability to expand regionally. The partnership is expected to positively impact Virginia business.
The Virginia Chamber of Commerce is the largest business association in Virginia, with more than 25,000 member companies. The Virginia Council of CEOs is a non-profit association founded in 2000 that provides crucial benefits to its members through programs and sponsors –most notably through its CEO-to-CEO Roundtable peer support groups, which help members take their business to the next level.
“The Virginia Council of CEOs gives business leaders in Central Virginia an informal board of directors composed of peers and dedicated to their success,” said Scot McRoberts, Executive Director of the Council. “This partnership with the Virginia Chamber will provide tremendous value for our current members and help us begin to form new CEO Roundtables in other parts of the Commonwealth.”
McRoberts reports the Council is currently setting up CEO Roundtable groups in Charlottesville and plans to do the same in other parts of the state in the near future.
“This partnership is very gratifying, as it constitutes an exciting key milestone in the history of the Council. The result should be a significant economic impact for Virginia.” – Chuck McCabe, Co-Founder VACEOs and CEO of Peoples Tax.
Going forward, the Virginia Council of CEOs and the Virginia Chamber will work closely together on future events and initiatives, including this year’s update to the Chamber’s long-term economic plan, Blueprint Virginia 2025.
“This partnership is very gratifying, as it constitutes an exciting key milestone in the history of the Council. The result should be a significant economic impact for Virginia,” said Chuck McCabe, Co-Founder VACEOs and CEO of Peoples Tax.
“We look forward to working with the Virginia Council of CEOs in this new partnership,” said Barry DuVal, President and CEO of the Virginia Chamber of Commerce. “The strategic plan adopted by our board last year called for expanding collaboration efforts with other business associations, and the fine work of the Virginia Council of CEOs in providing a platform for peer-to-peer CEO mentoring will complement the Chamber’s existing services. Our strength as the voice of Virginia business relies on engaging a broad cross-section of Virginia business leaders, and we welcome these CEOs as new members of the Virginia Chamber.”
“Our association with the Virginia Chamber of Commerce brings about a new set of opportunities for the Council,” adds Neal Lappe, current VACEOs Chair and Founder & CEO of WebStrategies, Inc.
“Over the years, our CEO members and Council staff have developed an organization unlike any other in the state of Virginia. Working with the Virginia Chamber strengthens the Council’s ability to bring our unique value to CEOs throughout the state, and further enables us to fulfill our mission of connecting CEOs for learning and growth. We are excited and optimistic about what this partnership will bring.”
About the Virginia Council of CEOs
The Virginia Council of CEOs is a non-profit association that serves the CEOs of small and mid-sized businesses in Virginia. The Council was founded in 2000 to connect CEOs so that they can learn and grow together. With 200 members in Central Virginia at this time, the Council is forming new CEO Roundtables in other parts of the state in 2017. Learn more at http://www.vaceos.org/.
About the Virginia Chamber of Commerce
The Virginia Chamber of Commerce is the largest business advocacy organization in the Commonwealth, with more than 25,000 members. The Chamber is the leading non-partisan business advocacy organization that works in the legislative, regulatory, civic and judicial arenas at the state and federal level to be a force for long-term economic growth in the Commonwealth. Learn more at www.vachamber.com.
Co-Founder of CarLotz Shares Success Formula
When you look back at your first entrepreneurial endeavor, do you recall a sweet image of success – or an embarrassing moment of failure? For Aaron Montgomery, Co-Founder and COO of CarLotz, it’s the latter.
Speaking at a recent VACEOs membership luncheon, the charismatic executive shared what he described as one of the biggest blunders of his life, which happened during his second year at Harvard Business School. It took place during the decade when many entrepreneurs subscribed to the business philosophy of “Get big fast” and/or “Figure it out as you go,” Montgomery told the group. It’s a great story involving t-shirts, some of which he probably still has!
The good news is that Montgomery’s mistake paved the way to a better, more accountable, and leaner way of doing business. Today, he and the CarLotz ownership team adhere to a simple formula:
1. Create a hypothesis.
2. Speak to customers (get data).
3. Take that feedback back to the lab.
4. Refine the idea or product.
5. Repeat.
It sounds simple, but it’s a formula the car consignment company has followed many times to successfully streamline marketing messages, refine various internal and external processes, and hire the right candidates.
Speaking about the company’s reliance on data and information, Montgomery said, “All of our feedback came from actual interactions, and not just theorizing what we were going to do and saying to ourselves, ‘Here are all the studies on this, so here’s what we’re going to do.’ We got actual customer feedback. We asked actual people.”
“You can make a change that’s small and test it for performance results, but you’ve got to be ready to embrace that sometimes small changes can lead to big ones and let go of the idea of throwing it all in and seeing what happens.” – Aaron Montgomery, Co-Founder and COO of CarLotz.
Montgomery also stressed the importance of what companies do with their data. “You can make a change that’s small and test it for performance results, but you’ve got to be ready to embrace that sometimes small changes can lead to big ones and let go of the idea of throwing it all in and seeing what happens.”
The philosophy is working – and well. CarLotz, which was founded in 2011, just opened its fifth retail location not long after making it onto The RVA 25 – Richmond BizSense’s list of the area’s fastest-growing companies. (To learn more read: “CarLotz Poised to Grow.”)
This learning experience was taken from the VACEOs Quarterly Luncheon presentation “Test and Refine: Building a Business in the Face of Uncertainty” with Aaron Montgomery (Thursday, November 17, 2016).
VACEOs members have access to national thought leaders with unique voices not often heard in this market on a regular basis. Check out other member benefits.
VACEOs Members Make 2016 RVA 25 and Inc 5000 Lists
Our members represent a wide range of industries and experiences, and they are frequently listed within the annual RVA 25 and Inc 5000 “fastest growing” company lists. This year special congratulations go out to TDDBS (Best Bully Sticks), Worldview Solutions, Timmons Group and Unlimited Air Mechanical for making the Inc 5000 list.
The company we keep is mighty fine. Take a look, and then imagine the hurdles you will overcome with access to such an exclusive network of leaders like these. Visit VACEOs membership to learn more.
A Moment of Gratitude
The Virginia Council of CEOs is a business organization unlike any other. Simply stated, it’s a fellowship, and each day we take risks, and dare to follow our dreams. Sometimes we struggle with living in the present.
“As business owners, we’re good at identifying and solving problems … it’s a skill set. However, day after day, that skill can also distract us from being present in the moment and acknowledging the blessings that surround us,” expresses one Council member. “By being more intentional about creating moments of gratitude into my daily routine, I’ve seen a major shift in how I process stressful or worrisome times both personally and professionally. And that’s something to be grateful for.”
How often do you interrupt your day for a moment of gratitude?
“I tell myself three things I’m grateful for every morning on my commute,” writes another Council member. “They can be ‘big’ like health/family/marriage or ‘small’ like car seat heaters or commercial free radio. Good energy out brings good energy back!” Note: Shawn Achor talked about how gratitude increases happiness at our 2015 CEO Retreat. See some of Achor’s tips here.
Today, we pause and say THANK YOU, VACEOs members, for making our lives, and the world around us, better.
What are you thankful for? VACEOs members share their thoughts…
“Health – this can so often be overlooked. The other day I saw a man with no legs begging for money on the corner. He looked like a veteran. It occurred to me that my ‘problems’ are mostly inconveniences.”
“Life and all that it entails; the good, bad, messy and neat we see daily.”
“My very close RT12 and VACEOs friends.”
“Family – nothing better than my wife and 3 kids.”
“Entrepreneurship and America – I love living in a country where the small business culture is encouraged and revered. I’m doing what I was put on this earth to do and I’m grateful for great relationships through employees, clients and vendor partners.”
“Friends and family – positive business environment – trust, generosity, and faith from others”
“Grateful for amazing kids that have been raised to be kind, open, accepting, contributing members of society and a wonderful husband partner to helping me make that happen and sticking with me in the messiness of life.”
“Grateful for the opportunity to provide leadership and support to a team of employees that work hard every day and to give them resources that make their lives more impactful.”
“I am grateful for the wonderful care my mother receives in the Memory Unit at Westminster Canterbury.”
“Good health, great family…most days prosperous business.”
What’s On Our Minds? Contented Cows
THINK ABOUT IT.
“Work is contractual. Engagement is deeply personal.” This was the message from Richard Hadden, co-author of Contented Cows STILL Give Better Milk and speaker at a recent VACEOs Quarterly Luncheon.
“Satisfied employees give better performance,” explains Hadden. Or, put another way, contented cows give better milk. And that, Hadden says, “always finds a way to your bottom line.”
With the average job tenure at 4.6 years these days — and a growing mentality of “We’re not married to our jobs; we’re just dating”— it’s clear that business owners need to make their date with employees the best experience ever if we hope to retain the very best.
“Your best recruiting tool is your reputation as an employer, but it’s the reality of what it’s like to work there that will retain people.” – Richard Hadden
Hadden took us on a captivating journey using stories that began with us in the grocery store aisle, searching for fried onions, and ended with us in an extreme northern region of Scotland, preparing for battle.
His presentation was entertaining and top notch, and in the end, he challenged us with specific assignments geared to help us make the connection between people practices and profit performance. We learned that, as with any major change that evolves in the workplace, there will be employers who learn to adapt and burn the available fuel, and there will be those who don’t.
Will your company adapt or be left behind? Remember, everyone is hungry. It’s your job to understand what your people are hungry for.
Feel free to email us if you missed Richard’s talk. We’ll send you his notes!
This “What’s On Our Minds” moment is from the VACEOs Quarterly Luncheon presentation “Contented Cows Give Better Milk: Your People…Your Profit” with Richard Hadden (Thursday, September 22, 2016).
VACEOs members have access to national thought leaders on a regular basis – speakers like Richard Hadden, with unique voices not often heard in this market. Check out other member benefits.
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