Over the next Several Weeks we will be posting a new and different one-minute video providing business tips and instructional commentary for small buhttps://www.screencast.com/t/bWPLqzCq6siness owners. These tips will range from key metrics to consider to the importance of Business and Cash Flow Forecasting.
What has happened to accountability? Why is all the accountability falling squarely on the shoulders of the business owner? Why can’t the business owner make their employees accountable?
My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute.
There are 3 main reasons why business owners cannot make their employees accountable:
- Lack of communication due to fear of losing the employee
- Lack of Proper planning and direction by the business owner
- Not having the proper tools to measure performance starting with accurate and timely financial statements and ending with metrics to evaluate performance
Accountability of employees will appear if you can put these 3 things in place
And remember, the most successful business owners know their numbers.