Zig Ziglar said “If you aim at nothing, you will hit it every time.” How many of you have no plan and no goals? How many of you have objectives and goals but no plan on how to achieve them? One more question and this is the most important. How many of you have objectives and a plan, but do not measure the results and actively share them? This is no different than the two teams that finally make it to the Superbowl only to find out there is no scoreboard, no timeclock, no down marker, nothing to measure how each team is doing and who is winning. Don’t underestimate the importance of Objectives, Goals, Strategies, and Measures. They drive results. They provide a roadmap for the organization. They also provide clarity to every single employee.

Tom DeSimone, Director at Prairie Capital Advisors, Inc, joins to share the shifts his team witnessed during the pandemic, and how focusing on 2021 and not 2020 to ensure stability in your company.

Employee-owned businesses have experienced significantly fewer issues with employee retention than their non-employee-owned counterparts. I can’t remember a time in my career when employee retention was talked about more often than it is now. Even personally, I’m one of those Great Resignation statistics. In late 2021, I resigned from my position in local government to take on the role of Executive Director of Missouri Center for Employee Ownership, Inc. (MOCEO). Like many members of the American workforce, the pandemic pushed me to reevaluate my personal and professional priorities. So, when I joined MOCEO, I was very interested to learn what effect employee ownership had on employee retention. So, as soon as my second week of work, I began asking every executive of an employee-owned business I met, how their business model impacted retention. With very few exceptions, the general response was that retention wasn’t a significant issue.

In this recording of the coaches' corner, hosted on our online membership platform, 3 of our coaches discuss issues currently facing the construction and remodeling industry. They cover challenges their clients are facing today and how The Great Game of Business can be used to help mitigate some of those issues.

Be Flexible and Constantly Shift Supply chain issues have created lots of shortages. Being flexible and willing to shift constantly provides a way to keep operations flowing. Right Proper Brewing, a brewery and pub in Washington, D.C., remains flexible and shifts when needed.

Did you know turnover can cost a company $94,000 OR MORE? In an example below, Vice President, Steve Baker, applies our Dollar Exercise to the cost of turnover. Losing 9 people at a salary of $50,000 can cost you almost $100,000 and will take $1.4 million dollars in revenue to cover the cost. OUCH.

Business is always shifting. Economic trends change, technology evolves, and generational workforces move in and out. The one thing companies can always be sure of is adversity. So how do companies manage all the chaos? With today's supply chain issues, more people exiting the workforce than ever before, and the war for talent at an all-time high, how do business leaders possibly keep up with company culture and better yet, ensure they're making a profit?

We have been hearing a lot from our community about whether they should be buying, selling, hiring, firing, etc. Nobody is quite sure what they should be doing. First and foremost, just take a moment to breathe. Fears of a recession are broadcast all over the media, with factors like higher interest rates, inflation, and the decline of the stock market weighing heavily on everyone's minds. We teamed up with ITR Economics to get the firm's take on the economy and help people and businesses plan ahead for the future.

As consumer demand begins to soften, ensuring the accuracy of your forward forecasting is more essential than ever. Bass fishing is big business in Missouri. People come from all over the world to come and fish our lakes during the peak summertime tourism season. But when I went out to the lake recently, I witnessed a different story. Soaring gas prices mean people aren’t running their boats as much. I can’t remember another time when I hadn’t seen a single other boat out on the lake in June like I did that day.

Every Friday, a think tank of Great Game™ coaches comes together to discuss pressing issues today's companies are navigating. They share out-of-the-box ways of thinking, how leaders can control different areas of the business, and how to mitigate the issues organizations have no sway over. We've listed some takeaways for leaders to consider when handling part shortages, people shortages, and preparing for an uncertain economy.