On May 17, LEDA will unveil its first-ever Economic Performance Index, pulling 1,500 data points into 15 key statistics to help your business succeed.
If you check Wikipedia for the definition of a dashboard report, this is what you’ll find: a management tool that measures and presents critical data on key business performance areas in a summarized manner much like a car dashboard, so the management can quickly respond with appropriate decisions.
Likewise, an elevator speech is defined as a short summary used to quickly and simply define a product, service or organization and its value proposition. The name reflects the idea that it should be possible to deliver all that in the time span of an elevator ride. Author Aileen Pincus writes in “The Perfect (Elevator) Pitch” that the best ones “sum up unique aspects of your service or product in a way that excites others.”
In its essence, Gregg Gothreaux’s objective for Lafayette’s first-ever State of the Economy Report on May 17 is to provide a succinct summary of current trends in the local economy in one presentation — sort of an elevator speech and dashboard report rolled into one. The CEO of the Lafayette Economic Development Authority and his staff have compiled a five-quarter trend line (complete stats on 2011 plus the first quarter of 2012) that pulls 1,500 data points into 15 key statistics. With the Economic Performance Index, Gothreaux’s goal is simple: “I want everyone who attends to have what they need to know to run their companies well at this time in this economy.” He will introduce and explain this important new tool for local business for the first time at the luncheon.
Gothreaux sees it as a better way to serve LEDA’s constituents. In the average year, he delivers 50 speeches to local and regional organizations and answers 75 media inquiries as well. “There is a significant demand for this information,” he says, “and I’m happy to make those presentations, but it’s always seemed a bit piecemeal that way.” Gothreaux says the comprehensive picture offered at the luncheon via this new EPI “will be a real eye opener.”
Billeaud Capital Management (www.billeaudcapital.com) is a presenting co-sponsor of this first-time event. Since founding the company in 1986, President Bo Billeaud has developed his own market risk model to manage economically diversified portfolios with more than $200 million in assets currently under management. Joining BCM is The Acadiana Economic Development Council, which represents the primary economic development organizations in the core Acadiana parishes: Acadia, Evangeline, Iberia, Lafayette, St. Landry and Vermilion (www.teamacadiana.org). AEDC’s support of this event is a nod to the regional collaboration between Acadiana’s Hub City and its neighbors to develop the resources and workforce that drive economic growth here.
If, like most of us in business, you are looking ahead in this pivotal year to position your business for maximum performance, don’t miss Gothreaux’s presentation. This is one business lunch that will stoke your body and your business.