<PAGE>   1

                                                                    EXHIBIT 24.1
                                POWER OF ATTORNEY



The undersigned who is a director or officer of Royal Precision, Inc., a
      Delaware corporation (the "Company");

Does hereby constitute and appoint Christopher A. Johnston and Thomas
      Schneider to be his agents and attorneys-in-fact;

Each with the power to act fully hereunder without the other and with full
      power of substitution to act in the name and on behalf of the undersigned;

To sign and file with the Securities and Exchange Commission the Annual
      Report of the Company on Form 10-KSB or other appropriate form and any
      amendments or supplements to such Annual Report; and

To execute and deliver any instruments, certificates or other documents which
      they shall deem necessary or proper in connection with the filing of such
      Annual Report, and generally to act for and in the name of the undersigned
      with respect to such filings as fully as could the undersigned if then
      personally present and acting.

Each agent named above is hereby empowered to determine in his discretion the
      times when, the purposes for, and the names in which, any power conferred
      upon him herein shall be exercised and the terms and conditions of any
      instrument, certificate or document which may be executed by him pursuant
      to this instrument.

This Power of Attorney shall not be affected by the disability of the
      undersigned or the lapse of time.

The validity, terms and enforcement of this Power of Attorney shall be
      governed by those laws of the State of Delaware that apply to instruments
      negotiated, executed, delivered and performed solely within the State of
      Delaware.

This Power of Attorney may be executed in any number of counterparts, each of
      which shall have the same effect as if it were the original instrument and
      all of which shall constitute one and the same instrument.

IN WITNESS WHEREOF, I have executed this Power of Attorney this 23rd day of
      July, 1998.




                                             /s/ Danny Edwards
                                             -----------------------------------
                                             Danny Edwards




<PAGE>   2

                                POWER OF ATTORNEY



The undersigned who is a director or officer of Royal Precision, Inc., a
      Delaware corporation (the "Company");

Does hereby constitute and appoint Christopher A. Johnston and Thomas
      Schneider to be his agents and attorneys-in-fact;

Each with the power to act fully hereunder without the other and with full
      power of substitution to act in the name and on behalf of the undersigned;

To sign and file with the Securities and Exchange Commission the Annual
      Report of the Company on Form 10-KSB or other appropriate form and any
      amendments or supplements to such Annual Report; and

To execute and deliver any instruments, certificates or other documents which
      they shall deem necessary or proper in connection with the filing of such
      Annual Report, and generally to act for and in the name of the undersigned
      with respect to such filings as fully as could the undersigned if then
      personally present and acting.

Each agent named above is hereby empowered to determine in his discretion the
      times when, the purposes for, and the names in which, any power conferred
      upon him herein shall be exercised and the terms and conditions of any
      instrument, certificate or document which may be executed by him pursuant
      to this instrument.

This Power of Attorney shall not be affected by the disability of the
      undersigned or the lapse of time.

The validity, terms and enforcement of this Power of Attorney shall be
      governed by those laws of the State of Delaware that apply to instruments
      negotiated, executed, delivered and performed solely within the State of
      Delaware.

This Power of Attorney may be executed in any number of counterparts, each of
      which shall have the same effect as if it were the original instrument and
      all of which shall constitute one and the same instrument.

IN WITNESS WHEREOF, I have executed this Power of Attorney this 23rd day of
      July, 1998.




                                             /s/ Robert G.J. Burg, II
                                             -----------------------------------
                                             Robert G. J. Burg, II





<PAGE>   3

                                POWER OF ATTORNEY



The undersigned who is a director or officer of Royal Precision, Inc., a
      Delaware corporation (the "Company");

Does hereby constitute and appoint Christopher A. Johnston and Thomas Schneider
      to be his agents and attorneys-in-fact;

Each with the power to act fully hereunder without the other and with full
      power of substitution to act in the name and on behalf of the undersigned;

To sign and file with the Securities and Exchange Commission the Annual
      Report of the Company on Form 10-KSB or other appropriate form and any
      amendments or supplements to such Annual Report; and

To execute and deliver any instruments, certificates or other documents which
      they shall deem necessary or proper in connection with the filing of such
      Annual Report, and generally to act for and in the name of the undersigned
      with respect to such filings as fully as could the undersigned if then
      personally present and acting.

Each agent named above is hereby empowered to determine in his discretion the
      times when, the purposes for, and the names in which, any power conferred
      upon him herein shall be exercised and the terms and conditions of any
      instrument, certificate or document which may be executed by him pursuant
      to this instrument.

This Power of Attorney shall not be affected by the disability of the
      undersigned or the lapse of time.

The validity, terms and enforcement of this Power of Attorney shall be
      governed by those laws of the State of Delaware that apply to instruments
      negotiated, executed, delivered and performed solely within the State of
      Delaware.

This Power of Attorney may be executed in any number of counterparts, each of
      which shall have the same effect as if it were the original instrument and
      all of which shall constitute one and the same instrument.

IN WITNESS WHEREOF, I have executed this Power of Attorney this 23rd day of
      July, 1998.




                                             /s/ Ronald L. Chalmers
                                             -----------------------------------
                                             Ronald L. Chalmers





<PAGE>   4

                                POWER OF ATTORNEY



The undersigned who is a director or officer of Royal Precision, Inc., a
      Delaware corporation (the "Company");

Does hereby constitute and appoint Christopher A. Johnston and Thomas Schneider
      to be his agents and attorneys-in-fact;

Each with the power to act fully hereunder without the other and with full
      power of substitution to act in the name and on behalf of the undersigned;

To sign and file with the Securities and Exchange Commission the Annual
      Report of the Company on Form 10-KSB or other appropriate form and any
      amendments or supplements to such Annual Report; and

To execute and deliver any instruments, certificates or other documents which
      they shall deem necessary or proper in connection with the filing of such
      Annual Report, and generally to act for and in the name of the undersigned
      with respect to such filings as fully as could the undersigned if then
      personally present and acting.

Each agent named above is hereby empowered to determine in his discretion the
      times when, the purposes for, and the names in which, any power conferred
      upon him herein shall be exercised and the terms and conditions of any
      instrument, certificate or document which may be executed by him pursuant
      to this instrument.

This Power of Attorney shall not be affected by the disability of the
      undersigned or the lapse of time.

The validity, terms and enforcement of this Power of Attorney shall be
      governed by those laws of the State of Delaware that apply to instruments
      negotiated, executed, delivered and performed solely within the State of
      Delaware.

This Power of Attorney may be executed in any number of counterparts, each of
      which shall have the same effect as if it were the original instrument and
      all of which shall constitute one and the same instrument.

IN WITNESS WHEREOF, I have executed this Power of Attorney this 23rd day of
      July, 1998.




                                             /s/ David E. Johnston
                                             -----------------------------------
                                             David E. Johnston




<PAGE>   5

                                POWER OF ATTORNEY



The undersigned who is a director or officer of Royal Precision, Inc., a
      Delaware corporation (the "Company");

Does hereby constitute and appoint Christopher A. Johnston and Thomas Schneider
      to be his agents and attorneys-in-fact;

Each with the power to act fully hereunder without the other and with full
      power of substitution to act in the name and on behalf of the undersigned;

To sign and file with the Securities and Exchange Commission the Annual
      Report of the Company on Form 10-KSB or other appropriate form and any
      amendments or supplements to such Annual Report; and

To execute and deliver any instruments, certificates or other documents which
      they shall deem necessary or proper in connection with the filing of such
      Annual Report, and generally to act for and in the name of the undersigned
      with respect to such filings as fully as could the undersigned if then
      personally present and acting.

Each agent named above is hereby empowered to determine in his discretion the
      times when, the purposes for, and the names in which, any power conferred
      upon him herein shall be exercised and the terms and conditions of any
      instrument, certificate or document which may be executed by him pursuant
      to this instrument.

This Power of Attorney shall not be affected by the disability of the
      undersigned or the lapse of time.

The validity, terms and enforcement of this Power of Attorney shall be
      governed by those laws of the State of Delaware that apply to instruments
      negotiated, executed, delivered and performed solely within the State of
      Delaware.

This Power of Attorney may be executed in any number of counterparts, each of
      which shall have the same effect as if it were the original instrument and
      all of which shall constitute one and the same instrument.

IN WITNESS WHEREOF, I have executed this Power of Attorney this 23rd day of
      July, 1998.




                                             /s/ Richard P. Johnston
                                             -----------------------------------
                                             Richard P. Johnston




<PAGE>   6

                                POWER OF ATTORNEY



The undersigned who is a director or officer of Royal Precision, Inc., a
      Delaware corporation (the "Company");

Does hereby constitute and appoint Christopher A. Johnston and Thomas Schneider
      to be his agents and attorneys-in-fact;

Each with the power to act fully hereunder without the other and with full
      power of substitution to act in the name and on behalf of the undersigned;

To sign and file with the Securities and Exchange Commission the Annual
      Report of the Company on Form 10-KSB or other appropriate form and any
      amendments or supplements to such Annual Report for the fiscal year ended
      May 31, 1998; and

To execute and deliver any instruments, certificates or other documents which
      they shall deem necessary or proper in connection with the filing of such
      Annual Report, and generally to act for and in the name of the undersigned
      with respect to such filings as fully as could the undersigned if then
      personally present and acting.

Each agent named above is hereby empowered to determine in his discretion the
      times when, the purposes for, and the names in which, any power conferred
      upon him herein shall be exercised and the terms and conditions of any
      instrument, certificate or document which may be executed by him pursuant
      to this instrument.

This Power of Attorney shall not be affected by the disability of the
      undersigned or the lapse of time.

The validity, terms and enforcement of this Power of Attorney shall be
      governed by those laws of the State of Delaware that apply to instruments
      negotiated, executed, delivered and performed solely within the State of
      Delaware.

This Power of Attorney may be executed in any number of counterparts, each of
      which shall have the same effect as if it were the original instrument and
      all of which shall constitute one and the same instrument.

IN WITNESS WHEREOF, I have executed this Power of Attorney this 23rd day of
      August, 1998.




                                             /s/ Raymond J. Minella
                                             -----------------------------------
                                             Raymond J. Minella





<PAGE>   7

                                POWER OF ATTORNEY



The undersigned who is a director or officer of Royal Precision, Inc., a
      Delaware corporation (the "Company");

Does hereby constitute and appoint Christopher A. Johnston and Thomas Schneider
      to be his agents and attorneys-in-fact;

Each with the power to act fully hereunder without the other and with full
      power of substitution to act in the name and on behalf of the undersigned;

To sign and file with the Securities and Exchange Commission the Annual
      Report of the Company on Form 10-KSB or other appropriate form and any
      amendments or supplements to such Annual Report; and

To execute and deliver any instruments, certificates or other documents which
      they shall deem necessary or proper in connection with the filing of such
      Annual Report, and generally to act for and in the name of the undersigned
      with respect to such filings as fully as could the undersigned if then
      personally present and acting.

Each agent named above is hereby empowered to determine in his discretion the
      times when, the purposes for, and the names in which, any power conferred
      upon him herein shall be exercised and the terms and conditions of any
      instrument, certificate or document which may be executed by him pursuant
      to this instrument.

This Power of Attorney shall not be affected by the disability of the
      undersigned or the lapse of time.

The validity, terms and enforcement of this Power of Attorney shall be
      governed by those laws of the State of Delaware that apply to instruments
      negotiated, executed, delivered and performed solely within the State of
      Delaware.

This Power of Attorney may be executed in any number of counterparts, each of
      which shall have the same effect as if it were the original instrument and
      all of which shall constitute one and the same instrument.

IN WITNESS WHEREOF, I have executed this Power of Attorney this 23rd day of
      July, 1998.




                                             /s/ Lawrence Bain
                                             -----------------------------------
                                             Lawrence Bain




<PAGE>   8

                                POWER OF ATTORNEY



The undersigned who is a director or officer of Royal Precision, Inc., a
      Delaware corporation (the "Company");

Does hereby constitute and appoint Christopher A. Johnston and Thomas Schneider
      to be his agents and attorneys-in-fact;

Each with the power to act fully hereunder without the other and with full
      power of substitution to act in the name and on behalf of the undersigned;

To sign and file with the Securities and Exchange Commission the Annual
      Report of the Company on Form 10-KSB or other appropriate form and any
      amendments or supplements to such Annual Report; and

To execute and deliver any instruments, certificates or other documents which
      they shall deem necessary or proper in connection with the filing of such
      Annual Report, and generally to act for and in the name of the undersigned
      with respect to such filings as fully as could the undersigned if then
      personally present and acting.

Each agent named above is hereby empowered to determine in his discretion the
      times when, the purposes for, and the names in which, any power conferred
      upon him herein shall be exercised and the terms and conditions of any
      instrument, certificate or document which may be executed by him pursuant
      to this instrument.

This Power of Attorney shall not be affected by the disability of the
      undersigned or the lapse of time.

The validity, terms and enforcement of this Power of Attorney shall be
      governed by those laws of the State of Delaware that apply to instruments
      negotiated, executed, delivered and performed solely within the State of
      Delaware.

This Power of Attorney may be executed in any number of counterparts, each of
      which shall have the same effect as if it were the original instrument and
      all of which shall constitute one and the same instrument.

IN WITNESS WHEREOF, I have executed this Power of Attorney this 23rd day of
      July, 1998.




                                             /s/ Thomas Schneider
                                             -----------------------------------
                                             Thomas Schneider




<PAGE>   9

                                POWER OF ATTORNEY



The undersigned who is a director or officer of Royal Precision, Inc., a
      Delaware corporation (the "Company");

Does hereby constitute and appoint Christopher A. Johnston and Thomas Schneider
      to be his agents and attorneys-in-fact;

Each with the power to act fully hereunder without the other and with full
      power of substitution to act in the name and on behalf of the undersigned;

To sign and file with the Securities and Exchange Commission the Annual
      Report of the Company on Form 10-KSB or other appropriate form and any
      amendments or supplements to such Annual Report; and

To execute and deliver any instruments, certificates or other documents which
      they shall deem necessary or proper in connection with the filing of such
      Annual Report, and generally to act for and in the name of the undersigned
      with respect to such filings as fully as could the undersigned if then
      personally present and acting.

Each agent named above is hereby empowered to determine in his discretion the
      times when, the purposes for, and the names in which, any power conferred
      upon him herein shall be exercised and the terms and conditions of any
      instrument, certificate or document which may be executed by him pursuant
      to this instrument.

This Power of Attorney shall not be affected by the disability of the
      undersigned or the lapse of time.

The validity, terms and enforcement of this Power of Attorney shall be
      governed by those laws of the State of Delaware that apply to instruments
      negotiated, executed, delivered and performed solely within the State of
      Delaware.

This Power of Attorney may be executed in any number of counterparts, each of
      which shall have the same effect as if it were the original instrument and
      all of which shall constitute one and the same instrument.

IN WITNESS WHEREOF, I have executed this Power of Attorney this 19th day of
      August, 1998.




                                             /s/ Leslie Reesing
                                             -----------------------------------
                                             Leslie Reesing