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Implementing Ownership Thinking

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Implementing Ownership Thinking

By , November 5, 2014

At the Annual Ownership Thinking conference held this month in San Antonio, Texas I had the great pleasure of meeting business owners from all around the United States and Canada.

The most enlightening part of this trip was seeing the passion and commitment that some many business owners had for the Ownership Thinking program which they had implemented in their own business. Some of the business owner attendees actually presented to conference on how using Ownership Thinking had improved their business by engaging their employees and driving improved profits. Their enthusiasm for the program was most evident.

Every business owner had a remarkable story to tell and I found so many of them to be truly inspirational. One business in particular, based in Colorado, was a software system development company with around 150 employees. Whilst I had the opportunity to meet the owner of the company it was actually the three employees that were with him that demonstrated what an amazing culture this business had. The team had just finished a round of touch football that was run out of work hours. For that event they had 70% of all employees turn up! But apparently it is not unusual to get such big turn ups at social events because these were a regular feature of this company, which had a social committee in place to help arrange events that seemed to occur on a weekly basis. Apparently the company provides lunch in a dedicated canteen as a way of getting employees to increase the way they interact in an informal setting. The employees went on to tell me how much they embraced being part of this company that took time to listen and act on employee suggestions, provide a fun and interactive workplace and rewards for great performance. As a result the business had very low turnover of staff and were growing rapidly. This is the sort of company that we should all aspire to be like, and they started a few years ago by implementing Ownership Thinking.

Ownership Thinking is dedicated to unleashing the potential of its client organizations by providing the training and tools required to develop a workforce of “ownership thinkers” who become active participants in their company’s financial success. Elements of our program sometimes may be referred to as employee incentive programs, employee ownership programs, employee ownership training, and employee empowerment.

Since it’s inception in the United States, Ownership Thinking has been successfully implemented in over 1,500 companies, with quantifiable results. We know the damage that entitlement is doing to our country and its business community, and we know that dependence ultimately crushes potential. Ownership Thinking is the cure for the entitlement mentality in the workplace, and the path to a mentality of earning. Now Ownership Thinking is available to Australian Business owners through Succession Plus, which has partner representatives in every state across Australia.

Craig West

Craig West

Managing Director | Succession Plus

Craig West is a strategic accountant who has over 20 years’ experience advising business owners. His background as a CPA in public practice, provided invaluable experience in the key issues of concern to business owners. Following 6 years of study to gain two masters degrees, Craig focused on Capital Gains Tax (CGT) for business sales advising on strategic management of tax issues. This experience formed a very strong view that business owners (and often their advisers) were unprepared and unaware of the steps required to prepare a business for exit.

Craig now acts as a strategic mentor for mid-market business owners and has written four critically acclaimed books on employee incentives, succession planning, asset protection and exit strategies. Craig has conducted numerous seminars and keynote presentations throughout Australia & internationally, including adviser education programs for the Institute of Chartered Accountants and CPA Australia.