As a founder, should you maintain an open profit and loss statement?
My partners and I believe in sharing our data. I think it mostly works for us because we're very generous with our profit. We spread it around to all employees. When our employees know how we're doing - good or bad - it allows us all to ban together to reach goals - especially:1. When the company is doing well, and they know they'll get a piece of it through profit share, bonuses, and raises. It shows our workers that the extra effort they put out turns into cash in the bank for them (motiva...