If your company practices any level of transparency, you know it’s often difficult to help your employees understand all of the financial jargon they will hear on a daily basis. What better time than now to teach your employees basic business financial terms and help them understand what they mean? Use the terms and definitions below to complete this classic training bite to help your team learn 11 basic financial terms in 15-minutes or less. 

  "Winning isn't everything, but wanting to win is."  - Vince Lombardi Part of the magic behind The Great Game of Business® comes from tapping into the universal human desire to win.  Give people a chance to win early and win often, and you'll capture their interest, keep them engaged and drive the success of your business.  Whether you are just starting your Great Game journey, or just looking for a boost, inject some fun and focus by launching some departmental MiniGames™  and create the wins your team needs.  

Each of these companies; Superior Restoration, SuperSuds, Venturity, and Willoway Nurseries are part of a growing community of Great Game™ companies who have reimagined capitalism as a transformational force for good. Each year, the Great Game Community recognizes companies like these who have the courage to do business differently. They are using the power of business to transform their associate's lives and the communities which they serve, for the better. They are part of a movement that's trying to 'Change the Game'.

  Each of these companies; Lake Havasu Family Eyecare, Laron, Malco Products, and SummitCove Vacation Lodging are part of a growing community of Great Game™ companies who have reimagined capitalism as a transformational force for good. Each year, the Great Game Community recognizes companies like these who have the courage to do business differently. They are using the power of business to transform their associate's lives and the communities which they serve, for the better. They are part of a movement that's trying to 'Change the Game'.

  Each of these companies; HLB Lighting, IntrustIT, Jenner AG, KAAPKE, and Kiolbassa Smoked Meats are part of a growing community of Great Game™companies who have reimagined capitalism as a transformational force for good. Each year, the Great Game Community recognizes companies like these who have the courage to do business differently. They are using the power of business to transform their associate's lives and the communities which they serve, for the better. They are part of a movement that's trying to 'Change the Game'.

  Each of these companies; Dragon Army, English Tea Shop, Evergreen Cooperatives, Experity, and Goodall Homes are part of a growing community of Great Game™ companies who have reimagined capitalism as a transformational force for good. Each year, the Great Game Community recognizes companies like these who have the courage to do business differently. They are using the power of business to transform their associate's lives and the communities which they serve, for the better. They are part of a movement that's trying to 'Change the Game'.

  Each of these social sector organizations; Community Partnership of the Ozarks, Pregnancy Care Center, and Victory Mission + Ministry are part of a growing community of Great Game™ practitioners who have reimagined capitalism as a transformational force for good. Each year, the Great Game Community recognizes organizations like these who have the courage to do business differently. They are using the power of business to transform their associate's lives and the communities which they serve, for the better. They are part of a movement that's trying to 'Change the Game'.

  Each of these companies; Cherry's Industrial, Cisco-Eagle, Clarke EyeCare Center, and CMS Outdoor Solutions are part of a growing community of Great Game™ companies who have reimagined capitalism as a transformational force for good. Each year, the Great Game Community recognizes companies like these who have the courage to do business differently. They are using the power of business to transform their associate's lives and the communities which they serve, for the better. They are part of a movement that's trying to 'Change the Game'.

Each of these companies; 1st Pet Vet, 417 Magazine, AMBAC, and Argent Tape and Label are part of a growing community of Great Game companies who have reimagined capitalism as a transformational force for good. Each year, the Great Game™ Community recognizes companies like these who have the courage to do business differently. They are using the power of business to transform their associate's lives and the communities which they serve, for the better. They are part of a movement that's trying to 'Change the Game'.

Let's face it, the most important thing in business is CASH.  Cash is the oxygen of every business. When you have cash, your business can breathe. Cash enables it to survive and prosper.  While businesses can survive for a short time without growing in sales or profits, without cash it simply will not survive. This is why the inflow and outflow of cash must be carefully watched and managed.

Do you feel like your leadership team is finally ready to take the leap and open the books? But, you're worried some of your team aren't as enthusiastic as you hoped they would be? If you’re ready to start sharing your financial and operational information with employees, but you get the sense they’re just not ready yet, there could be some very logical – and common – reasons why. Today we discuss the top four reasons employees aren't ready to jump on the open-book management bandwagon. Maybe there's one or two that apply to your team. 

Deciding to implement a business system like open-book management is not something business owners take lightly. It's a powerful business tool that takes time, energy and commitment to follow through and keep going if you want to see the benefits. There's two ways to implement:  Do it yourself - aka "Self Implementation". Hire business coaches to help.  If you’ve been following the Great Game™ blog for a while, it's likely you've come across a few articles detailing each of these options. If you’re considering a DIY approach to getting started with open-book management, here are a few things to consider during the process.