Recently, I spoke with Ellen Yin and she shared the magnificent effects of being transparent in how she’s running her business. That means Ellen consistently and intentionally shares how much she spends, makes, and gives away with everyone. Ellen says that she did this in order to give her audience a realistic view on how a business makes and can spend revenue.
Now, I’m not really comfortable with sharing it with my audience, but what I do want to discuss today is how much it can benefit your business when you’re sharing your numbers with your team.
How so? Well, it makes your team feel more connected and invested with your business. It gives them the opportunity to see ahead and show them how their contributions are moving the business forward.
This is not to say that you’re going to be sharing financial information like your checking account number or the pin to your accounts… NO! That’s not… literally, don’t do that, okay?!
In this episode, we’re going to talk about how you can share your numbers in a way that makes sense for key team members and help them understand what’s happening at any given point in time.
I’m really excited to have this conversation with you today, so I highly recommend that you tune in, because I know it will help us all get better at communicating our numbers effectively with our team!
“When you’re more transparent with your financials, you’re going to get a greater sense of ownership from the team.”
– Stephanie Skryzowski
What you’ll learn in this episode:
- Understanding WHO needs to know your business numbers
- Think about WHAT numbers you’re going to share
- WHEN should you be sharing financial information with your team
- Figuring out HOW to share financial information effectively
Links mentioned in this episode:
WANT MORE OF THE 100 DEGREES OF ENTREPRENEURSHIP PODCAST?
Follow me on Instagram: @stephanie.skry (Tag me in your screenshots of the podcast and I’ll be sure to share!)
You hear me talk all the time about how important it is to know your numbers as a business owner. But you may be thinking, well, how in the world do I do that? Where do I even begin? So, I have a free resource for you!
The Profit Playbook is an amazing template that you spend about 15 minutes getting it all set up. And you can literally see into the future of your business revenue, expenses, cash flow, just like a crystal ball. It is a huge resource that will absolutely help you create a roadmap to reach your goals in your business.
It’s FREE so make sure you download it now!
READY TO STEP OUTSIDE YOUR COMFORT ZONE AND MAKE A BIGGER IMPACT?
Click here to subscribe to the show so you don’t miss a thing!
