yeti logo icon
Close Icon
contact us
We'll reply within 24 hours.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

How to Talk About Company Finances with Your Team

By
Tony Scherba
-
July 1, 2021

Over the past year, many business leaders have had to make big decisions in uncharted waters.

As a business owner and leader of a team myself, I’ve certainly had to make some difficult decisions and change course — several times — over the ups-and-downs of the past year while always considering what’s best for our employees and the future of the business overall.

Something I’ve learned in my 10 years of leading the team at Yeti LLC, and from reading probably 100 management books, is the value in being transparent with my team, especially when it comes to the financial health of the company.

Often, people in new leadership positions think they need to shoulder all the burden of the business struggles which leads them to refrain from discussing profit health and financial KPIs. I believe this is a mistake.

It’s important to be real with your team, and that means you have to talk about money. But how you talk about the company’s financial health with your team is extremely important.

Talking about company finances with your team is an art and takes a very strong level of awareness. Below are some tips for successfully discussing company finances with your team...

Continue reading on Entrepreneur.com

Tony Scherba is a CEO + Founding Partner at Yeti. Tony has been developing software since high school and has worked on digital products for global brands such as Google, MIT, Qualcomm, Hershey’s, Britney Spears and Harmon/Kardon. Tony’s writing about innovation and technology has been featured in Forbes, Huffington Post and Inc. At Yeti, Tony works on strategy, product design and day to day operations, hopping in and working with the development teams when needed. Follow Tony on Twitter.

You Might also like...

Hire These 5 Developers on the Spot

Thinking about hiring a developer? Here's what to look for.

Rules of the Game: 5 Common Creative Brief Mistakes to Avoid

Your brand absolutely needs a creative brief before it sets sail on product development. But creative briefs are easy to botch — and even easier to forget about entirely, so watch out for these five creative brief mistakes.

5 Steps to Spur Innovations Forward

Innovators must be managed in a way that empowers, focuses, and challenges them.

Browse all Blog Articles

Ready for your new product adventure?

Let's Get Started