The 3 Areas of Entrepreneurial Transparency
by Alex Charfen
Transparency is one of the biggest buzzwords in business today.
But in my opinion, it's importance can't be overstated.
Without transparency, leadership is untrustworthy, visions are compromised, and team disconnect occurs.
So, let’s dive into what it takes to become a transparent leader.
For over 20 years, I’ve consulted with the Fortune 500 and some of the top entrepreneurs in the world. Throughout the years, I found three areas of transparency that have proven to be vital for business owners, entrepreneurs, and leaders in general…
One’s self is the foundation for a transparent life. Why? Because team alignment begins with the leader. Think about it – if a leader is unrealistic about the company's capabilities and goals, success will be extremely difficult to find.
The thing is, transparent leaders are brutally honest with themselves. They have a clear understanding of the vision. They know which metrics matter for their business and they know what they can realistically expect from their team.
Transparency with others means not only sharing the results you're looking for but why you're looking for them.
Everyone should understand how the current strategy will ultimately achieve the vision. Team members should understand this vision, and they should fully appreciate the role they play in making it happen.