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Writer's pictureEric Thorsen

"Leadership and Financial Transparency"



๐™‚๐™ž๐™ซ๐™š ๐™ฉ๐™๐™š๐™ข ๐™–๐™ก๐™ก ๐™ฉ๐™๐™š ๐™ฅ๐™ž๐™š๐™˜๐™š๐™จ, ๐™–๐™ฃ๐™™ ๐™ฌ๐™–๐™ฉ๐™˜๐™ ๐™– ๐™ง๐™š๐™ก๐™ž๐™–๐™—๐™ก๐™š ๐™š๐™ญ๐™š๐™˜ ๐™ฉ๐™š๐™–๐™ข ๐™—๐™ช๐™ž๐™ก๐™™ ๐™›๐™ง๐™š๐™š๐™™๐™ค๐™ข ๐™›๐™ค๐™ง ๐™ฎ๐™ค๐™ช.


I was very protective of showing anyone on my team the finances early in running my business.


As a founder, it's hard to let go of financial decisions. I was reluctant to share the financial models with my team, except for the sales numbers.


This was fear-driven and had me trapped.


โ†’ What if they think Iโ€™m making too much money?


โ†’ What if they find out Iโ€™m making less than most of them?


This list can go on...


I knew changes needed to happen.


๐Ÿ‘‰ I made them.ย 


๐Ÿ‘‰ Now Iโ€™m free to work on my businesses instead of in them.



If youโ€™re trapped in your business wondering why your exec team cannot make more key decisionsโ€ฆask yourself:


โ†’ Are your team members set up to make those decisions like you would?


โ†’ Do they have full visibility into your financial models?


โ†’ Are they empowered to align with your objectives with the data they need to do so?


๐Ÿ‘‰ ๐—ง๐—ต๐—ฒ ๐—ฟ๐—ฒ๐—ฎ๐—น ๐—ถ๐˜€๐˜€๐˜‚๐—ฒ


Your exec team wants to take more ownership, but they might be in the dark without your financial model.


A tough part of delegating for many business owners is giving their exec teams visibility into the organization's financial models and goals.


Then they get frustrated when their leaders donโ€™t align with their choices.


They are flying blind.


๐Ÿ‘‰ ๐—ง๐—ต๐—ฒ ๐—ฟ๐—ถ๐˜€๐—ธ


Without clear financial data, they can't align decisions with your goals.ย 


That puts all the weight back on youโ€”operationally and emotionally.


๐Ÿ‘‰ ๐—ฆ๐—ผ๐—น๐˜‚๐˜๐—ถ๐—ผ๐—ป


Grant them access to see what you see to make a decision that you are looking to delegate.


Show them the parameters you use so they can act in ways that align with your vision.


Youโ€™ll finally feel the relief you deserve:


โ†’ Confidence in your teamโ€™s choices


โ†’ More freedom from operational minutiae


โ†’ Peace of mind that your objectives remain intact


Iโ€™ve walked this path and can help you get there.ย 


Letโ€™s talk if youโ€™re ready to step back and watch your team lead with the same insight and confidence you bring.



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