I would skip the reading of minutes from the last meeting. Secretary can email the minutes to members instead.
How many people are in the guild?
It helps to have regular one-hour presentations by non-guild members. We have had local LQS shop owners come with books, fabrics, and projects from their stores. Have also had book writers, pattern developers, etc. make presentations. One month out of the year I'd like to see a "garage sale" meeting where members can bring items for swap or sale -- fabric, patterns, books, magazines, gadjets, etc.
Take a look at meeting times too. I dropped out of our local guild because the meeting times are inconvenient for me. (They meet at that time because it is convenient for most of the members.)