Be transparent with stakeholders from "summary" of Do More Faster by Brad Feld,David G. Cohen
Being transparent with stakeholders is a critical concept that every entrepreneur must embrace. This means openly sharing information with all parties who have a stake in the success of your business. Transparency builds trust and credibility, which are essential for maintaining strong relationships with investors, employees, customers, and other key stakeholders. When you are transparent with your stakeholders, you are honest and forthcoming about your business operations, financial status, challenges, and successes. This level of openness fosters a culture of trust and collaboration, which can lead to better decision-making and problem-solving. By being transparent, you show that you value the input and opinions of your stakeholders and are willing t...
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