Wall-tech has been providing exterior painting, interior painting, metal stud framing, drywall, taping, finishing, EIFS, stucco, plaster, sandblasting, firestopping and fireproofing services since 1984. After CEO Pete Braun led a buyout of his company from its other shareholders in 2013, he saw the opportunity to create a more employee-focused culture for his business.
Great Game Solutions
Braun had long been interested in the concept of employee-owned and run businesses. And it was through a reading list recommended by the National Center for Employee Ownership that he learned about the Great Game of Business in 2013. Soon after, with the help of coaches like Patrick Carpenter and Kevin Walter, the company began by holding company-wide huddles both in the office and out in the field to keep everyone fully informed on the company’s numbers. They also rolled out a series of MiniGames, a bonus program, and a Stock Appreciation Rights Plan to create a Stake in the Outcome for everyone in the company.
- With the help of The Game, Wall-tech has significantly increased its profitability, in which net income grew from $294,504 in March 2013 to $466,993 in March 2014.
- In March 2015, that number grew to an impressive $1,123,825. As a result, the company has been able to pay out quarterly bonuses from the very first quarter they began playing the Game.