Don't Doubt the Waffle House Index

Even the Waffle House—famous for staying open no matter what—respected the threat presented by hurricane Helene.

Good Morning!

Here are today’s highlights:    

• Lou Mosca wants you to think about how much information you share with employees.

• Don’t believe the Chamber of Commerce hype that nearly every small business is using a tool enabled by AI.

• Here’s yet another reminder that if a tax shelter sounds too good to be true, it probably is.

• Do you think the Fed’s interest rate cut is already having an impact?

MANAGEMENT

In this week’s video, Lou Mosca encourages business owners to think about how much information they share with employees: “Business isn't always a smooth ride. Most companies face ups and downs. Do you keep your plans and finances private? Or do you involve employees in the bigger picture? Do you ever share your balance sheet or how your cash flow is looking? Does this transparency tie into an incentive plan for your staff? Openness can build trust and drive alignment, but how much transparency can you handle?” CONNECT WITH LOU