Should You Let Your Clients (Or Your Staff) See Your Financials?
Radical financial transparency can help -- and hurt -- your business
ByClint Carter•
Opinions expressed by Entrepreneur contributors are their own.
Last spring, Joel Gascoigne realized he'd made a big mistake. He's the CEO ofBuffer, a social media management company, and business was doing so well that he aggressively staffed up -- going from 34 to 94 employees in just more than a year. But although Buffer was still bringing in $875,000 a month, the increased salary burden was eating up all that money and more.
"We didn't get theproductivityimpact or growth we thought we might get fromhiringthat many people," says Gascoigne. Buffer was likely to be broke in five months.
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