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Open Book Management - Build a Transparent Company

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Created 11 years ago in Business / Getting Started
Open Book Management - Build a Transparent Company

Employees, for the most part, only care enough about the profits of the company to maintain their jobs. Why should they care? “If the rich owners want to get richer, we will react by protecting ourselves as workers.” I did what I advise every business owner to do: open the darn books. Teach what it is to be in business. Everyone in your business should understand profit, revenue, and cost of goods. Everyone should understand expenses, payroll, and margins. I promise that you have only to gain when everyone is on the same page, when they understand what they are doing, how they personally impact your company, and that they are valued by being smart enough to learn what you did. Imagination is always more wild than the truth.
That’s why transparency works. It supports the truth.

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