Subscribe to Inc. magazine

Class, Open Your Books

Statistics on the increasing popularity of open-book management.
Advertisement

In a recent survey of the membership of National Small Business United, one-third of the respondents reported that they share sales information with their employees, while 24% share the cost of sales; 23% give out information about overhead costs; and 17% reveal profit-and-loss figures. Marcia Bradford, a spokeswoman for the D.C.-based small-business advocacy group, says she is not surprised at the increased willingness of owners to open their books to employees -- a practice that was almost unheard of 10 years ago. "We're a small nonprofit, and we share that kind of information as well. I don't know how I could get my job done without it."

* * *
Last updated: Apr 1, 1992




Register on Inc.com today to get full access to:
All articles  |  Magazine archives | Livestream events | Comments
EMAIL
PASSWORD
EMAIL
FIRST NAME
LAST NAME
EMAIL
PASSWORD

Or sign up using: