SCORE Small Business Blog

Manage: Sarah’s Sweet Success Secrets

Sarah @ sweetriot on Open Book Management

Many businesses don’t review their numbers with their staff; however, numbers are the literacy of business, so how can folks function without seeing the light?

Share the Figures
At sweetriot we review our numbers at our weekly meetings (sweetings). I cover some of the topline stats like revenue and cash balance, then everyone has their own numbers report. This sets the tone that everyone owns the numbers and the well-being of the organization

Build Ownership
This consistent transparency around status of the numbers leads to ownership, an openness about issues and team troubleshooting. When the retail outlook already looked tough this summer, we spent time as a team reviewing every P&L item and discussing ways to reduce operating expenses. Everyone owns the numbers and the well-being of the organization.

Success Secret
Share your numbers for ultimate ownership.

Sarah Endline, Guest Blogger
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