Segment 5: Scott Ford is the founder and CEO of Cornerstone Wealth Management Group. He is ranked in the top 1 percent of all LPL registered financial advisors.* He was recognized as one of the 20 Rising Stars of Wealth Management by Private Asset Management Magazine. Scott is the author of three books: “Financial Jiu-Jitsu: A Fighter’s Guide to Conquering Your Finances” and “The Widow’s Wealth Map: Six Steps to Beginning Again”. His newest book is “The Sustainable Edge”.
Scott FordScott Ford Appears on Business Insanity Talk Radio with Barry Motz
In 2012, I made a radical decision. I decided to try open book management at my firm, Cornerstone Wealth Management.
At the time, I wanted my employees to embrace more of an ownership mindset. That is one of our core values. The only way I could see them really thinking like owners was if I shared the financials of the business with them.
Scott FordHow Embracing Open Book Management Set My Team Free to Succeed
REI’s announcement that it would close and give employees a paid holiday on Black Friday was a dramatic example of why knowing your company’s core values and sticking to them are essential today. President and CEO Jerry Stritzke, who encouraged employees at the outdoor equipment retailer to get outside that day instead, understood that there’s no better way to build a cohesive company than practicing what you preach.
Scott FordWhat REI Can Teach You about Building a Better Business
When I speak at wealth advisor conferences, I’ll often ask, “What are you going to do when a company like Amazon comes into our business? How are you going to compete with that level of customer knowledge combined with that level of technology?” Amazon’s growth strategy is inspiring and expansive.
Scott FordWhy You Shouldn’t Manage Your People Like “Robo Amazon”
Are you living a life you love? If you aren’t clear on what you want, your life will live you, instead of the other way around. The busier and more successful we get, the more important our time becomes. No one put this better than Steve Jobs in his commencement speech at Stanford in 2005, after his diagnosis with pancreatic cancer.
Scott FordTips for Living a Steve Jobs Life on Your Own Terms