The EntreLeadership Podcast I’m Nervous to Share My Financials With My Leadership Team
36 snips
Sep 8, 2025 The discussion kicks off with a businessman grappling with sharing financials with his leadership team, highlighting the nuances of transparency. A butcher reveals strategies to boost cash flow while maintaining product appeal. The conversation underscores the pitfalls of hasty hiring and the need for emotional maturity among employees. A business owner debates whether to bring on an HR professional, emphasizing the crucial role of HR in company growth and culture.
AI Snips
Chapters
Transcript
Episode notes
Share Numbers Only With Mature Leaders
- Only share financials with leaders who can emotionally and spiritually handle the information.
- Vet maturity first and explain consequences of mishandling before giving access.
Bookkeeper Friend Stayed 22 Years
- Ramsey hired a longtime friend as bookkeeper and debated whether to reveal full pay details.
- They required her to commit emotionally to handling payroll and she stayed 22 years.
Gross Revenue ≠ Take-Home Profit
- Most people confuse gross revenue with profit and make faulty judgments when they see top-line numbers.
- Teach your team the difference before disclosing company-wide financial figures.