Open book management is a system to communicate the numbers of your brewery business and engage employees to improve financial results. In today’s podcast, we talk about Open Book Management (OBM) with Audra Gaiziunas from Brewed for Her Ledger.
In the podcast, Audra and I cover a wide range of topics including: The major benefits of OBM, mistakes to avoid, sharing financial information, key metrics, critical numbers, and much more.
There are many details involved in an Open Book Management system, but Audra and I agree that these are the keys to success…
3 Keys to OBM Success
- Financial literacy training
- Bonus program
- Financial reporting and forecasting