Leadership and Management
When Should You Let An Inexperienced Person Join?
Years ago, I was interviewing VP Sales candidates. One of the first candidates I interviewed was someone that I quickly realized was completely wrong for the job. Do you want to grow your business? Maybe I can help. Click here. I finished the interview, and I thanked him for his time. Then, as I usually…
Read MoreWhy Can’t You Turn Your Integrity On And Off?
My wife and I went for a run together last week, and, on our walk home, we started talking about Elizabeth Holmes. The new docudrama about her and Theranos, “Dropout”, just dropped on Showtime, so it was on the top of our minds. Do you want to grow your business? Maybe I can help. Click…
Read MoreThe Top Ten Mistakes First Time Entrepreneurs Make
“You’re a first time CEO. You’re going to make mistakes.” That’s what investors say about first time CEOs. And, you know what, investors are right, you’re going to make mistakes. However, why make business mistakes when you can avoid them. In today’s video, I’ll walk you through the top ten mistakes entrepreneurs make. Plus, I’ll…
Read MoreHow Can You Renegotiate Founder Equity?
“I want to cut the equity of my co-founder from 45 percent to twenty percent,” “Oren” said to me. “He’s not performing very well. What do you think?” Do you want to grow your business? Maybe I can help. Click here. “I don’t think that’s going to go over very well,” I said. “You certainly…
Read MoreHow Can A New Business Process Save Your Company?
“’Bob’ wants to rearrange the deck chairs on the Titanic,” I said to Steve, my right hand man. Do you want to grow your business? Maybe I can help. Click here. “What did Bob do?” Steve asked. “Well, you know we missed our number for the quarter,” I said, referring to the company missing its financial…
Read MoreWhat Should You Do When You’re Burned Out?
I remember the moment clearly. We had finally gotten to $100K per month in revenue. This should have been a moment of celebration because $100K per month is when you’ve hit escape velocity. If you just keep at it, you’ll be at $1 million per month in no time flat. [Do you want to grow…
Read MoreHow Do You Recruit Your Startup Team?
Years ago, I was in a meeting with Jack Gifford, the founding CEO of Maxim Integrated Products. Maxim’s revenue was around $1 billion per year at the time. Also in the meeting was “Peter”, one of the best engineering managers in the company. Do you want to grow your business? Maybe I can help. Click…
Read MoreHow Do You Prepare A Cash Flow Forecast?
Before I launched my startup, I built an elaborate Excel spreadsheet to forecast how our company would grow. The spreadsheet had tabs for headcount, revenue by product, gross margin, rent, and cashflow. [Do you want to grow your business? Maybe I can help. Click here.] At the heart of the model, was the product revenue…
Read MoreHow Do You Fire Your Co-Founder?
I was on edge. I couldn’t sleep. I hated going to the office. That’s how I felt before I took the necessary step of firing my co-founder. Unfortunately, over 50% of co-founder conflicts can not be resolved. I’ve built several businesses to greater than $100 million/year in revenue. And, I’ve helped many startup CEOs successfully…
Read MoreThe 5 Reasons Why So Many Startups Fail
There are a lot of studies you can find online that will give you the, alleged, data on why so many startups fail. The problem is the reasons cited are superficial at best. I’ve built several businesses to greater than $100 million/year in revenue. And, I’ve helped many startup CEOs successfully build their businesses. I’ve…
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