The Great Game of Business Blog

Sign up to receive our blog posts conveniently in your email box

Ok, I Made A Profit. Now What?

Dec 10, 2012 by Bill Collier 0 Comments
If you're a business owner, I strongly urge you to budget for a reasonable profit target as a percent of sales, and then make your expenses fit in. The idea is to put profit front and center as a necessary outcome ... to make it happen on purpose, rather than let it happen by accident. Now, let's build on that idea. First, what is a reasonable target for profit before tax? It varies by industry but I suggest that most of us should be able to shoot for 10% of sales, pretax.
Read More

Q4 Business Challenge: Planning for the Future.

Oct 18, 2012 by The Great Game Team 1 Comment
Every business leader / owner I know has too much to do.  That is particularly the case in the fourth quarter of each year.  The challenges include, but are not limited to: The ongoing need for solid short-term improvements to finish the year strong. Get an inclusive business planning process in place for next year. Tax planning to minimize taxes for the current year. Take care of personal / family commitments that tend to expand during the holidays. The fundamental challenge is between the short term commitments and the long term priorities, or as Stephen Covey put it, sharpening the saw versus sawing.  If you are sharpening the saw, you are not sawing, so the short-term production suffers.  But if you don’t sharpen the saw, longer-term production suffers.  Neither choice is very attractive.
Read More

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.