The founder of SRC Holdings talks to Inc.'s Bo Burlingham about learning to make sense of the numbers--and the importance of ensuring that employees do too.
Since the 1980s, Jack Stack has grown SRC Holdings from one business to more than 30.
When Jack Stack went from building tractors to building a company, he had to learn a lot along the way.
The more your employees understand about your company, the more they can help save money and improve processes.
You first have to pay attention to what the numbers say, then ask the right questions.
Even if you can't provide equity, your people need to feel some kind of stake in the outcome.
The success, culture and job creation surrounding SRC Holdings have helped change the city of Springfield, Missouri.
Jack Stack answers questions about employees leaving, loans and financial knowledge.
STRATEGY Conquering a Terrible Debt-to-Equity Ratio2:55
METRICS Learning the Game of Business8:47
EDUCATE Empower Employees to Improve Your Business6:32
DECISION-MAKING Listen to Your Financials9:40
COMPENSATION Motivation Is the Secret to Outrageous Success7:04
CULTURE How Entrepreneurship Can Improve a Community13:58
Q&A Numbers Should Be Bottom Up, Not Top Down7:07