In the early days of a startup, once your company achieved scale, the technical founder would step back to be replaced with a “professional chief executive”. This used to be commonplace; everyone from Cisco to eBay went through the management team merry-go-round. But the tide is turning and there is a growing acceptance that the […]
“Marry the believers, divorce the naysayers.” My CFO said that when I first met him; it’s what his previous CEO used to tell him. Get the wrong people off of the bus and keep the right people on. Unfortunately, this advice is hard to follow most of the time.
Sounds like something a real estate agent would shout at you while selling you a house, right? Well, sort of. Just like a grocer may perform a location survey to determine the best place for their store, i.e. the corner versus in a back alley, as an entrepreneur starting a business it is absolutely critical to choose your location. […]