Everyone is on the same team when playing the great game of business. Tim’s guest, Jack O’Riley, is a coach and specialist in Open Book Management. He takes us through the 3 core principles of The Great Game of Business, including how the principles are utilized, received by the employees and how the principles assist a business with increasing revenue. The benefit of having the entire organization see and understand the books is that everyone is able to see how their position impacts the organization as a whole, leading them to strive for financial growth.
Key Takeaways:
[1:00] Mr. O’Riley’s history
[2:12] What is open book management philosophy?
[4:04] The 3 core principles of The Great Game of Business
[7:42] The open book policy doesn’t apply to compensation or litigation
[10:41] If you plan to make a profit you have to have cash
[12:54] Building a rhythm
[15:15] Follow the action
[18:25] Employees quickly see that their efforts to improve the business, ends up in their pockets
[22:45] Using real life examples as a teaching technique
[24:59] Building leaders through financial literacy
[26:36] Read the Great Game of Business and take the 2 day class
[28:18] Contact Jack
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