TaxBit Empowers Growing Teams with New Cultural Principles Built by Employees
TaxBit, a tax and accounting software company, undertook a significant initiative to establish its cultural principles during a period of 500% growth, expanding from 50 to 260 employees across four cities. Seventy employees participated in focused group discussions to define the company's core values.
The five cultural principles that emerged from these discussions are:
- Maximize Impact
- Owner's Mindset
- Transparency
- Optimistic Realist
- Win Together
Desk overlooking waterfront at TaxBit office
These principles were developed through intimate group discussions where team members answered fundamental questions about their best work, areas for improvement, and aspirations. The process was intentionally inclusive, welcoming input from employees regardless of their tenure.
Six company values icons
The company implements these values through:
- Weekly company-wide meetings
- Cultural celebration initiatives
- Employee resource groups
- Regular team lunches across all offices
- Open dialogue regardless of position
Sleek break room with lounge seating
Key outcomes of implementing these principles include:
- Enhanced diversity in hiring
- Improved cross-team collaboration
- Stronger client relationships
- More inclusive workplace culture
- Empowered employee decision-making
TaxBit office with waterfront view
The company defines impact through a unique equation: IMPACT = SMART RISKS + EFFORT + RESULTS + LESSONS LEARNED
These principles have created a foundation for sustainable growth while maintaining a strong company culture that emphasizes transparency, inclusion, and collective success.
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