Any founder in any startup knows the difficulties of finding balance between company ownership and transparency.
In fact, last week I had a discussion with a gentleman who runs an incubator located in the Bay Area and one topic we discussed was simplified best practices for startups to ensure both insight into decision making and accounting to ensure balanced books.
I was so enthralled by this discussion that I decided to write down a quick list of five things we do at Kiwi to ensure transparency and responsibility as a startup.
Here's a list of five things we do at Kiwi:
Each person is responsible for their own expense tracking and submissions to a communal email. If receipts and reason are not submitted or kept, they absorb the cost themselves. Our part-time account logs these transactions into the appropriate categories.
Every full-time hire at Kiwi has access to all our customer lists and communications through our internal marketing and customer management tool (we use HubSpot, and have loved it so far!). This way, if anyone wants to know any information pertaining to a customer, they have immediate access to it.
We also use Slack to track a short capture of what each person does each day, as well as a communal log for any GitHub commits.
This is a quick list of 5 tips that are easily integrable into any startup. We hope that these tips help with responsibility and transparency within your startup.
Entrepreneur in machine learning and sensor based software development (>10 years). Background in engineering, tech with professional experience in North America and Europe.