Open-Book Management: A Great Advantage If You Go Public Direct

This video is part of a series of six video blogs on hot topics.  We hope you enjoy.

Here’s the script if you want to follow along:

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I’m Michael Williams
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securities attorney with the William securities law from
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I strongly believe in a concept called
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open book management.
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what is open book management?  open-book management means
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you show your employees exactly
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how your company is doing from a financial point of view
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you open your books and records to your employees
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what do you do next?  you ask your employees to set goals
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measurable goal that will show
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in your financial statements.  now you’re going to have open-book management
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you’re going to show your financials and you want to encourage your employees
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hit the goals. why does being a public company
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help you with open-book management.
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Open Book Management is the perfect tool
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because the SEC requires you to submit
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four times a year your financial statements
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three times reviewed by auditors one-time audited
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so that your employees when they look at the financial statements
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know that they true and correct as they are filed with the SEC
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they’re posted for everyone to see. will they hit their goal?
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well that’s up to them because every quarter
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you’re going to publish your financials and so
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now you have open-book management with credibility
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and transparency. here’s the final
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bonus you are up public
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company you can offer your employees
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stock or stock options
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in your company as well as
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had if you hit certain goals.
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that stock is worth something
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because it can be sold into the market
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because you’re a public company with open-book management
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you get not only the benefits open-book management but with the open-book
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management as a public company
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you get credibility &  transparency
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you can truly reward your employees.  you want your business to grow
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you need to your employees to come along with you.
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open-book management with an SEC reporting company
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is one excellent method you can use
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to grow your business.

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