Shanli Liu, CPA, CTPFreedomfolio · I help 7 to 8 figure service business owners and ecommerce sellers keep 10K to 75K of profit- without IRS headaches | CPA. Virtual CFO. Tax Resolution Pro | $5MM+client tax savings | Book a free 15 min strategy call

Let Your People Know

Name: Let Your People Know
Uploaded: 2024-10-29T01:30:03+00:00
Duration: 23 s
Channel: Shanli Liu, CPA, CTP
Description: In this excerpt, the speaker argues that the biggest publicly traded companies operate with complete openness, allowing every employee to access all…

29 Oct 2024 · 0 min

Watch on YouTube

0:23

In this excerpt, the speaker argues that the biggest publicly traded companies operate with complete openness, allowing every employee to access all company information. The speaker contends that the fear many entrepreneurs have about sharing internal data—such as financials, conversion rates, profit margins, and revenue models—is irrational. By making all such metrics visible to every team member, the organization can tap into a broader pool of problem‑solvers, accelerating issue resolution and improving overall performance.

Guess what the biggest companies in the world are? Publicly traded. Every single employee can see every single thing you could possibly imagine about the company, and yet they still function. It is 100% an irrational fear that entrepreneurs keep by thinking that no one should know. You want everyone to know the same stuff— financials, the conversion rates, how we make money, the profit margins— because the more people who know everything, the more people who can help me solve the problems.