The Importance of Sharing Your Financials With Your Employees (with Manny Skevofilax)
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What if sharing your company's financial numbers could transform your workplace culture and drive unprecedented business growth? In this game-changing episode of The KeyHire Small Business Podcast, host Corey Harlock sits down with Manny Skevofilax, Principal at Portal CFO, to explore how financial transparency can revolutionize the way small business owners connect with their teams.
Corey and Manny identify a critical problem facing today's entrepreneurs: the disconnect between leadership decisions and employee understanding. When team members don't grasp the financial "why" behind company choices, it creates confusion, mistrust, and disengagement. This gap often leads to reduced productivity, higher turnover, and missed growth opportunities that could otherwise propel a small business forward.
Manny brings decades of experience working with business owners who have successfully implemented open-book management practices. He reveals how sharing financial information—when done strategically—creates a more accountable and motivated workforce that truly understands its role in the company's success. This isn't about overwhelming employees with complex spreadsheets; it's about building a workplace culture where everyone feels invested in the outcome.
Through real-world case studies and practical examples, this episode demonstrates how financial transparency can shift your team's mindset from "just doing their job" to actively contributing to business growth. Manny outlines how to introduce these concepts step-by-step without overwhelming your staff, making this approach accessible for small business owners ready to elevate their leadership.
Whether you're struggling with employee engagement, looking to improve performance, or want to build stronger trust within your organization, this conversation on The KeyHire Small Business Podcast offers actionable insights that can transform your approach to team management.
Key Takeaways:
• Strategic Financial Sharing: Learn how to introduce financial transparency gradually without overwhelming employees or compromising sensitive information.
• Motivation Through Understanding: Discover why employees perform better when they understand how their work directly impacts the company's financial health and success.
• Building Accountability: Understand how open-book practices create a culture where team members take ownership of results rather than simply completing tasks.
• Real-World Implementation: Get practical examples from businesses that have successfully used financial transparency to improve both culture and bottom-line results.
• Overcoming Fear: Address common concerns about sharing financial information and learn how to maintain appropriate boundaries while still being transparent.
Connect with the Experts:
Learn more about Manny: https://portalcfo.com/
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Be KeyHire's Next Success Story: https://bit.ly/KHSuccess
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Follow Corey on LinkedIn @Corey Harlock
Visit our website at https://www.keyhire.solutions/the-keyhire-podcast for more content.
Want to get in touch? Email us at [email protected]
Chapters
1. The Importance of Sharing Your Financials With Your Employees (with Manny Skevofilax) (00:00:00)
2. [Ad] A Case Study In Corporate Fear (00:13:00)
3. (Cont.) The Importance of Sharing Your Financials With Your Employees (with Manny Skevofilax) (00:13:47)
101 episodes