Today’s startup world is focused on success. Lessons are drawn by studying the accomplishments of Silicon Valley titans. Pitch decks are crafted to mimic those of Google, Amazon and others. A recipe for success? Perhaps. Yet, I would argue that more can be learned from entrepreneurial miscues and, yes, even failures. My blogs here have that predisposition. Successes are still interesting . . . but failures can be fascinating.
Newton’s Third Law applies to unemployment insurance as well. Cares Act notwithstanding, for every paid claim there is an employer cost.
Beware of teams where everyone is a chief officer. Entrepreneurs may view inflated titles as a cheap employee benefit. That can be a mistake.
Should entrepreneurs bluff? That question is a matter of some debate. My advise? Make sure your bluffs are credible and worth the risks.
“My workers will welcome this new and improved benefits package.” Are you sure? The value of benefits is in the eye of the beholder.
Commitment culture companies make few long term commitments. For the most successful, IPOs and Wall Street pressures await them. Change inevitably follows.
Bartering has been around for many thousands of years. It still has a place in the modern world, particularly during these cash constrained times.