Step 4: Designing and Establishing a "Report and Reward" System

That which gets measured, gets done. That which gets rewarded, gets done again. Now that we have your team actively involved with helping you improve the performance of your company, we need to develop a company "Report and Reward" System. This system provides feedback to owners, managers, and team members about their performance on a real-time basis. Exactly how much and in what form you share critical financial and non-financial information will be unique to your company. This step also leads to the development of a performance-based compensation program.

   On to Step 5: Monthly/Quarterly Review

   Back to Step 3: Financial Literacy Training