How Open Should You Be About Your Company’s Finances?

by | Feb 18, 2015 | News

You might think keeping financial information under your hat is best for your business, but learning to share could help you and your employees achieve your business goals.

AUGUST 04, 2014 Some years ago, I hired an attorney to represent me on a small matter. He was young and very successful, expanding quickly and running TV commercials promoting his exploding law practice.

After we agreed to work together, it came time to pay him his fee. At that point, his elderly father came in to his office to collect my payment. I was a little perplexed, since there were dozens of employees just outside his door. The attorney looked at me and said, “What? You don’t think I’m stupid enough to actually trust these people?” Needless to say, his success was short-lived.

 

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