I 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.