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Doing Well While Doing Good: The ESOP Exit

Aug 9, 2015 by Martin Staubus 0 Comments
Nearly every day, a business owner makes the personal decision to retire. That’s an easy decision to reach in principle. But what about the specifics? The concrete plan? Figuring that out can be overwhelming.
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Beyond the Books: 3 Ways Open-Book Management Helps Your Employees in Their Personal Life

Apr 16, 2015 by Adam Dierselhuis 0 Comments
  We’ve seen countless articles on why managers and business leaders need to focus on engaging employees–not only is it generally an important predictor of company performance–but it leads to stronger communication, higher customer satisfaction and loyalty, and increased productivity and profitability. These benefits are widely recognized in organizations running open-book management systems; they encourage higher levels of engagement by their very nature.
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Attending the 2015 NCEO Employee Ownership Conference? Catch up with us in Denver!

Coming up on April 21-23, 2015, the Great Game of Business team will hit the road for Denver, Colorado, for the National Center for Employee Ownership’s annual Employee Ownership Conference. The NCEO Employee Ownership Conference is the premiere gathering on employee ownership, and the NCEO’s annual conference provides an ideal opportunity to learn, network and share knowledge with others in the employee ownership world.
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3M Distributor Increases Sales when Former Teacher Takes Over & Opens the Books

Argent Tape & Label (ATL) is a manufacturer in Plymouth, Michigan, which produces pressure-sensitive labels used by industrial customers in the automotive, pharmaceutical and consumer industries.  Business Challenges Lynn Perenic was a teacher, where she taught elementary education and then special education at the high school level for a total of 20 years, before she ever contemplated becoming an entrepreneur. But after her husband talked about closing ATL, which he had purchased back in 1995, because of its poor performance, Perenic stepped in to try and save the business. But with just three associates and virtually no customers, she had a difficult task ahead of her.
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Meet us in Vegas for the 2014 ESOP Conference

Don't miss the largest ESOP conference in the world! The Great Game of Business will be there to share how we use open-book management to drive amazing results in our company ESOP. 2013 Las Vegas ESOP Conference & Trade Show: November 13 & 14, 2014 | Cesars Palace 
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A Stake in the Outcome®: Should You Consider an ESOP?

Oct 21, 2014 by Martin Staubus 1 Comment
A Stake in the Outcome: Should You Consider an ESOP? Maybe so, if it kills two birds with one stone. It’s fundamental: to play the Great Game successfully, employees need to have a stake in the outcome.  Otherwise, it’s hard to imagine why they would go to all the extra trouble to help the company boost its performance.  But what’s the best way to provide that?
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Playing The Game as Employee Owners: A Conversation with Rick Rose

Aug 21, 2014 by Rick Rose 0 Comments
Should you sell your company? It’s a question many business owners will eventually face. But just as vexing might be the added notion of: whom should you sell your business to? One alternative that continues to gain in popularity is to sell your business to an ESOP, or employee stock ownership plan. It’s estimated that there are now some 11,500 ESOPs operating today, which account for some 13.7 million participants – or 10% of the entire U.S. workforce.
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5 Questions that will Help with Ownership Transition Planning

Aug 19, 2014 by Alan Taylor 0 Comments
It is inevitable that privately held companies will face some type of ownership transition event.  Too often business owners delay or avoid employee ownership transition planning which can result in severe consequences, including deterioration of company value and sustainability as well as family wealth and security.  Business owners should be mindful of these consequences, while also realizing that “planning” does not necessarily mean execution of a strategy today.  Also, understanding the process and alternatives available can help demystify the topic and help business owners understand the value of planning for this “once in a lifetime” event.
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10 People you Should Meet at the 2014 Employee Ownership Conference

If your company is currently employee owned, or you are considering it; you're probably planning to attend the 2014 Employee Ownership Conference held April 8-10, 2014 in Atlanta, Georgia which is presented by the National Center for Employee Ownership (NCEO).
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What Makes "Fortune's 100 Best Companies to Work For" so Great?

Each year, Fortune partners with the Great Place to Work Institute to survey employees at hundreds of corporate America’s top firms to determine which companies will be named as one of the 100 Best Companies to Work For. The most recent list was released mid-January, 2014 and included Great Game Hall of Fame winner, Hilcorp Energy.
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Living with an ESOP - What's it Like?

Aug 21, 2013 by Martin Staubus 0 Comments
Having an ESOP at your company means that some of your company’s stock will be held in the retirement savings accounts of your employees.  Is this something a business owner might live to regret? One of the first questions raised by business owners about ESOPs is the issue of corporate control.  After all, the employees have stock.  Could they make trouble?  Would it be inmates running the asylum? The answer, in a word, is no.
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What is your Value Proposition?

One of the questions I get asked the most by other business owners is, “How do you know how much your company is worth?” The simple truth is your company, not unlike your house, is worth only as much as someone else is willing to pay for it. But there are many benefits in getting an appraisal of your company’s value – and that’s something we have been doing at SRC since we got our start. We understood early on that we needed a way to cash out our shareholders without crashing the whole company in the process. That’s why we made annual appraisals a part of the shareholder’s agreement we signed 30 years ago (it’s also a requirement for an ESOP – which we started 28 years ago).
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About The Great Game of Business

Our approach to running a company was developed to help close one of the biggest gaps in business: the gap between managers and employees. We call our open-book approach The Great Game of Business. What lies at the heart of The Game is a very simple proposition: The best, most efficient, most profitable way to operate a business is to give everybody in the company a voice in saying how the company is run and a stake in the outcome. Let us teach you how to develop a culture of ownership, where employees think, act and feel like owners.