Profit First- Open Book Management (Ep 03)

In this episode of the Profit First Show Shannon and GG discuss the open book concept, letting your employees know where you are in terms of incomes and expenses.

01:01 Topic- Open book Concept

01:40 What an actual open book system looks like

03:50 Use the open book management system from the beginning

05:37 Introduce your employees to the process slowly, statement by statement

07:41 Overcoming report apathy

11:54 Get over the fear of what the employees will think

17:17 Employees become a sounding board

19:55 Wrap Up