Business View Magazine March 2023

174 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 3 GRITT achieves this by focusing on three key coaching areas: Business Literacy, Financial Literacy, and People Literacy. Business Literacy is required for leaders to understand and implement the processes, skills, and techniques needed to scale a business successfully. Financial Literacy is often the area least considered by leadership. Carpenter explains. “Most companies only have one or two team members with a deep understanding of financial acumen. This means that, unless they are told, leadership often has no idea whether their company is really winning or losing the financial game.” He continues, “GRITT looks at what we call the three scorecards of success or failure: the balance sheet, the income statement, and the cash flow statement. We have a proprietary Profit & Cash simulation that has taught approximately 700,000 people financial best practices, such as having a good rhythm of financial check-ins and processes in place to properly measure success.” “The result is financial transparency- a democratic style of business cadence that means every team member is involved in and understands their company’s budget,” he notes. GRITT’s third focus area is People Literacy, which helps businesses engage, motivate, understand, and communicate with their staff effectively. “Never before have we had so many diverse voices in the meeting room. It is absolutely critical that we understand new and emerging generations- they want to be seen, heard, and valued. When they have that, they thrive. This is a real shift from the traditional approach, which doesn’t really focus on communication or process growth. We need to bridge this generational gap- and this goes beyond diversity, equity, and inclusion. This is about what makes humans tick,” Carpenter says. Providing an example, Carpenter further