Craig Durosko, Founder & Chairman of SunDesign, Inc., recently gave his perspective on Open-Book Management to "Housing Zone".
Read the excerpt below and click the link to see the full story.
If you arrived at work and found that there was a fire and everything was gone, there would be nothing you could change. If you were to know in 30 days there was going to be a fire at your office, there are so many things you could do to change the outcome.
Although the example may be extreme, that is what forward forecasting your financials does: It empowers your team to make changes and affect the outcome. It’s better than the alternative of feeling powerless looking at historical numbers they can’t change.