Being More Transparent

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Management, Entrepreneur : Just be more transparent

Need of Investment to Entrepreneurs, making good sales, hiring good people or reducing retention rate in company all can be achieved by keeping one simple thing as bottom line i.e. "Be Transparent" , the more transparent you are as an individual or as an company the more people will be willing to invest in you. (Of course keep things simple, and some things unrevealed).

If work is only about the numbers then there is going to to be some problem!!! After some time people are not only working for money they also work for so called "Work Satisfaction", "Recognition", "Position" etc... To start new project if there is need of investment then being Transparent about the ideas make sense, since the person who wants to invest can trust on the business and so the company. But to maintain that trust one has to maintain the transparency. It is like a cycle, if one investor is happy, then he/she will manage to get more investment or investors if required. But other way round if we already have many investors and one of them is not happy because of non transparency in ideas, communication; then all other may turn out in same way and it can be dangerous for company or for individual.

Keeping things simple is what matters, if there is any mistake in business then be truthful; that is what will attract more investors, customers. Being transparent with customers also matters. Word of Mouth start working once customer is happy. Same applies to investors also word of mouth, one investor is happy, then he/she can get more trustworthy people to invest.

After all business is not only about, making money or increasing sales, its about getting good clients, making relationships with investors and customers, maintaining investors as well as customers.

Things just doesn't get over here, employees and promoters of business should also be in favor of business, to build the sense of belonging in employees management need to transparent in certain areas which is the subject to the kind of business.

Being Transparent make sense, and it works.