Bill Fotsch
39 answers

Founder-led growth companies often experience a period of plateauing, before transitioning to a professional management team.

Open-book practices can be invaluable in avoiding this plateau which may otherwise linger for a few years. Some specific benefits of open-book management:

1. Focusses the entire staff on 1-2 key metrics
2. Educates the staff on the company financials and how each individual impacts it
3. Engages the staff in partnering with the Owner to drive growth of the company
4. Improves teamwork in the company