Our keynote True Confessions speaker Dal LaMagna was profiled in the Jan. 13 issue of Fortune magazine.
He'll share his trials and tribulations with us at SVI Hudson Valley, as well as the hard-earned advice gleaned from them — like these nuggets from the article:
Don't fear failure. Fear success — because when you succeed, you're going to be living your dream 24 hours a day. So make sure it's what you really want.
Empower employees. I created an employee stock-ownership plan. After Hurricane Sandy flooded every piece of equipment at IceStone, employees took it upon themselves to repair everything instead of replacing it. We saved $4 million.
Invest in what matters to employees. I told folks, "Anything you can find that the company doesn't need, I'll put that savings toward health care." People gave up their company-owned cellphones, and now people who make more pay proportionately more for health care, which ranges from $40 a month for the factory workers to $140 a month for managers, and everyone has coverage.