I saw an article on Business 2.0.’s website. The upshot of the article is about the next "big things" coming to the Internet–start up companies hoping to make a big difference in the days ahead. Here’s one:
CEO: Reman Child and Shawn Gupta (founders)
Disruption: Simple, straightforward financial planning
Disrupted: Today, makers of personal finance software. Tomorrow, the credit industry
Combine the utility of software like Quicken with the social power of
Web 2.0, and you have Expensr – a free online service that tracks your
budget and spending habits, then shows you how you’re doing compared to
your peers. "That’s the idea behind the social network," says
co-founder Shawn Gupta, "to help you do better by making you aware of
what other people like you are doing."
It’s the last line of the description that intrigues me and it’s a concept that we should all pay attention to.
Not only can you use Expensr to manage your finances, but track how you’re doing against your peers. Their aren’t many things people hold closer than their finances. But in the new world of Web and Life 2.0, more and more zones of transparency are emerging. If you employee 20 something’s this idea of transparency should change the way you lead. I’m not suggesting everyone should be involved in every decision or be privy to every piece of information. But, the youngest generation, entering the workforce feels like they should be "in the know." If you are operating under the older paradigm of "secrecy" and knowledge witholding, it will backfire.
The trick is to share and include, while helping young employees value necessary boundaries.