Robert Meggy

President and CEO of the Great Little Box Company

imgRobert Meggy is an accountant by profession but as a businessman he knows how to weather an economic downturn. In 1982, Meggy bought the Great Little Box Company in Vancouver just before the recession took the knees out of the economy. His sales numbers plummeted overnight.

“It was like someone had turned off the tap.  During the day I’d be operating the machines and answering the phone and at night I’d write up the orders when we had them. It was an ugly time and I lost 15 pounds.”

Meggy weathered the storm (and other recessions to follow) and today his company employs 250 people and is on target to make 40 million dollars in 2012. Meggy credits his success with assembling the right team.

“I run it like a group of friends and I walk around the plant every week and talk to as many as I can. We set yearly goals and measure progress every month. When you run an open book employees care more. Enjoy the people you work with because it makes a huge difference.”

From this accountant, that is advice you can take to the bank.

Bullet Points of Success
People are your number one asset
We conduct seven to eight interviews for each person we employ. You will make or loose $50,000 to $100,000 dollars if you don’t hire the right person.

Encourage feedback from your employees
The number one thing employees want is recognition and appreciation. We encourage one on one meetings with supervisors.

Measure everything
Track the number of sales and cold calls. We measure machine speeds and how many pieces are made per hour. It all translates into efficiency and success.

Set yearly goals and measure them every month
Have you ever met a golfer who doesn’t keep score?  It’s no different for a company. If you measure and track everything you’ll care more and have more interest in your company.
 
Protect your cash
Cash is king and only the lack of it can take down a company.  Protect your cash and have a backup.