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Honest Business
Financial Statement

 

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Back in 1981, Michael Phillips and Salli Rasberry wrote "Honest Business".  It is a book that I believe in and I believe is truth.

They write about Open Books.  "No single element defines the distinction between an honest business and one that is not than the issue of open books.  Somebody who is new to business and enthusiastic about it will usually bring out whatever pieces of paper pass for the books to show a curious visitor without hesitation.  Yet 99 percent of the people in general business world will have a reaction of total terror at the possibility of some outside seeing their financial records.

"Having open books means letting anyone look at your business records, especially our financial statements and the details necessary to understand them.  "Anyone" includes employees, customers, suppliers and curious bystanders."


 

 
 
 
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