Matt Rhodes explains how sharing P&L statements with all managers, not just those paid on profit, makes them work harder. When managers see the numbers, they feel ownership and voluntarily put in extra effort to hit company goals.
Chapters
Something we do a little different. We have a weekly GM meeting where we meet with our gm, we go over everything we need to prepare for and then the next day we have a meeting with all of our managers. This is something we learned a long time ago as well is we open our books up to all of our managers. They know exactly what's going on in the business because you know, some people are afraid to show their P and LS to their to the leadership team. We found that when our leadership team can see everything, they know what the goal is. They aren't paid off a profit. Now our GM is, you know, they're compensated off of profit but our club managers and our managers are, they're not, they're paid off of other areas. But when they see that we're not getting the profit numbers that we need to, they put in the extra effort because they feel like they're a part of that.