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  • Every company has two wheels

    Jack StackI don’t write enough about the financial aspects of running and growing a company because I, like many of you, don’t pay enough attention to the power of the numbers.

    I ran into Jack Stack, founder of SRC Holdings, author of The Great Game of Business and shepherd of a school of business management known today as Open Book Management. Jack was a keynote speaker at the Inc 500 Conference and was kind enough to retell a portion of his presentation for the Duct Tape Marketing podcast.

    Jack introduced the idea of companies possessing two wheels, one wheel is the vision the creativity the reason you got into business. The second wheel is the numbers. According to Stack, the second wheel rarely turns until it’s time to figure out why you are working your tail off and not making any money.

    Stack’s open book management and Great Game of Business teaches business owners how to learn, use and teach the financial information coming out of your company to grow, make decisions and build a community IN your business. Do this, and the community around your business will flourish.

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    Posted by: John Jantsch on Sep 07, 07 | 5:05 pm
    Category: Open Book Management | Tags:

    Comments
    • If one wheel is turning, either one, and the other is locked and not turning, won't you just be going round in a set circle digging a deeper and deeper rut?
    • I own and run (with my employees) a $ 7,000,000 company that manufactures precision engineered springs, wire forms and stampings. We have been an open book-managed company for over 4 years. Since the inception of this revoltionary management tool, we have doubled our sales, and profits and were featured as one of the fastest growing Open book-managed companies at the Great Game of Business Gathering two years ago. If you are a typical business owner that lays awake at night worrying about all the things you think you need to do to keep your doors open and profits growing, Open Book Management will transform the life of you and your business. Getting employees to act and think like owners is an evolutionary process that requires that you engage yourself in teaching everyone the simple financial mechanics of making profits and the rewards one can earn for meeting the company's goals. This is a "No Brainer" and can easily be adopted to ANY business!! Step outside the BOX and watch the power of your people amaze you. Norm Rodriques - President (Springfield Spring Corporation)
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