Transparency doesn’t come naturally in a startup. We start a company thinking we need to shield employees from all the things that steal their attention from their job. Most countries consider it taboo to talk about finances (like salaries) amongst employees. We think the people we worked hard to recruit will be flight risks if they know how things are going. We don’t think to post certain aspects about how the company is doing because we have so much going on.
Transparency takes work. But having an organization where people understand the inner workings of the business is worth it. How?
To read more, see: https://www.bootstrappers.mn/post/the-value-of-transparency