10 min listen
Finance: Should I be Open-Book? What Information Should I Share with My Team?
FromThe GROW! Show
ratings:
Length:
14 minutes
Released:
Oct 18, 2023
Format:
Podcast episode
Description
Are you afraid to share company data with all your employees? Many companies debate how much information is too much information for their team, and how much information can help motivate or inform decisions better. In this episode, Vince Torchia of The Grow Group shares the data he recommends companies share with their teams, and how he recommends they do it.
Discussion Points:
Lots of people ask how much they should share in “open book management”
Grunder’s turnaround in sharing info
Increased engagement
Increased literacy around financials
Aligning employees with company goals and values
Watching daily progress is exciting
More data = more engagement, not sabotage
As a leader, put yourself in your employee’s shoes
Where can you start?
Watch for the next episode on this topic where we’ll dig in deeper
The Grow Show podcast is sponsored by STIHL and brought to you by The Grow Group - a leading coaching and education firm for landscape professionals. Your host is Marty Grunder, president and CEO of The Grow Group and Grunder Landscaping Co., one of the most successful design-build operations of its kind in the Midwest. The Grow Show shares ideas, tips, tactics, and insights that will help you grow your landscaping business.
Resources:
Vince Torchia LinkedIn
GROW! Conference Feb 2024
The Grow Group
Grunder Landscaping
Marty Grunder LinkedIn
Stihl
Discussion Points:
Lots of people ask how much they should share in “open book management”
Grunder’s turnaround in sharing info
Increased engagement
Increased literacy around financials
Aligning employees with company goals and values
Watching daily progress is exciting
More data = more engagement, not sabotage
As a leader, put yourself in your employee’s shoes
Where can you start?
Watch for the next episode on this topic where we’ll dig in deeper
The Grow Show podcast is sponsored by STIHL and brought to you by The Grow Group - a leading coaching and education firm for landscape professionals. Your host is Marty Grunder, president and CEO of The Grow Group and Grunder Landscaping Co., one of the most successful design-build operations of its kind in the Midwest. The Grow Show shares ideas, tips, tactics, and insights that will help you grow your landscaping business.
Resources:
Vince Torchia LinkedIn
GROW! Conference Feb 2024
The Grow Group
Grunder Landscaping
Marty Grunder LinkedIn
Stihl
Released:
Oct 18, 2023
Format:
Podcast episode
Titles in the series (51)
Efficiency Ratings: What is it? How do I calculate and use it?: Welcome to The Grow Show podcast, brought to you by The Grow Group. Led by your host, Marty Grunder, The Grow Group is a premier coaching and education firm for landscape professionals, providing innovative events, peer groups, and real-world resources to help business owners and their teams succeed. In each episode of The Grow Show, we’ll share ideas, tips, tactics, and insights that will help you grow your landscaping business. In today’s episode, Marty discusses all things efficiency - your budgeted hours vs. actual hours worked. You’ll hear how this is calculated, what it means to have a good or bad rating, and which industry-focused software helps you keep track. Discussion Points: Efficiency ratings - what they are, how they’re calculated Looking at some actual numbers Capturing the numbers - Aspire or Element software for the landscaping industry Budgeted vs. actual hours at Grunder A great efficiency rating spea by The GROW! Show