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
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