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    Should Your Let Your Clients (Or Your Staff) See Your Financials?

    Radical financial transparency can help -- and hurt -- your business
    by Clint Carter Jan 01, 2017 5 minutes
    Baring it all can be good for business, but it’s not without risk.

    Last spring, Joel Gascoigne realized he’d made a big mistake. He’s the CEO of Buffer, a social media management company, and business was doing so well that he aggressively staffed up -- going from 34 to 94 employees in just more than a year. But although Buffer was still bringing in $875,000 a month, the increased salary burden was eating up all that money and more. 

    “We didn’t get the productivity impact or growth we thought we might get from hiring that many people,” says Gascoigne. Buffer was likely to be broke in five months.

    Related: Let's Be Real: Why Transparency in Business Should Be the Norm

    So in June 2016, he laid off 10 recent hires. Then the 29-year-old CEO faced an even more daunting challenge: He’d have to explain all this -- how

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