Moneyball News – Spring 2023

Motivational Moment

Story Time

That’s the Fact Jack

No matter how much razzle dazzle may come from your company and your team, the financial statement numbers are the source of truth on the health of your business. Here’s a few thoughts to ensure you are receiving “the facts”.

The Right People: Investing in a good, reputable accounting team—both internally and/or externally— pays dividends. Do they ask questions about the business? Do they clearly explain the numbers pointing out both the good and the bad?

Less Is More: You should be able to manage your business from a one-page summary (in 12+ font). Sure, more detail is available, but you only need it as questions arise.

Operational Info: Mix in key operational stats to add context to the financial performance story. Rather than viewing raw financial numbers, create a Per Unit P&L. That way you can compare a 5000 unit store (or periods) to 4000 and 3000 unit stores.

Trust: Share financial results along with key operational KPI (Key Performance Indicators) with the team. By setting clear expectations plus igniting the team’s competitive drive, they can deliver optimal performance to successfully grow the business.

Accountability: Most business leaders and entrepreneurs are NOT numbers people. Still, hold yourself accountable to review your financials with your accounting team to ensure they clearly explain the business health and drivers to grow for your company.

Partner Spotlight

Story on Purpose believes that authentic storytelling and leaning into a purpose-filled mission both positively impacts your path in life and achieves your business goals.

Check out this authentic story on Cosmos Corporation:

Cosmos Corporation | Story on Purpose
Click image to play
(2 min)

Bob Alvarez, President and COO at Shapiro Metals:

“We needed a chief storyteller to help further align our team around the new story.................Story on Purpose has been an ideal strategic partner and their work is integral to our growing success.”

Click Here to Learn More

Forward Endings

Fall Forward

I found that nothing in life is worthwhile unless you take risks..........Reggie Jackson struck out 2,600 times in his career.........Thomas Edison conducted 1000 failed experiments.........You will fail at some point in your life. Accept it. You will lose. You will embarrass yourself. You will suck at something.

Fall Forward | Denzel Washington
Click image to play
(5 min)

If you don’t fail, you’re not even trying......not only take risks, but to be open to life, to accept new views and to be open to new opinions......never be discouraged, never hold back, give everything you got. And when you fall throughout life............ FALL FORWARD.