Generally speaking for early-stage companies with less than $1m in total funding, boards function on a very bare bones basis. They would convene *at most* 4 times a year (and 4 would be atypical) to pass resolutions that require board approval. I believe you were the same person who asked ab...
Well, if you're in a proven industry and have a track record of sales, it's quite simple... make the commission generous. I once worked as an advertising sales rep and while I wasn't 100% commission (my base salary was only $18,000, while I earned over $130,000/yr.) it was close enough that I th...
I read your story and I feel your pain, but I have bad news. The problem is not your people, the problem is you. You have a responsibility that goes way beyond developing great products that wow customers; you have the responsibility of leading! Leadership is one of those subjects that most peop...
TL;DR; Yes it's bad, without understanding context. Doing this, or any other organization rule needs to be considered based on the culture of the company and the goals. It's dangerous to take this one action out of context as to Buffer's purpose in building their organization. Is it good? For ...
There is no harm in having several businesses BUT it is wisdom to focus your full energy on the best business out of your lot. Let that focused business give you all the income you need on ongoing basis. Then you need to develop systems so that business doesn't need your full time attention. And...
Two main things: 1 - has been mentioned below, which is give feedback. Do it publicly (on their website, LinkedIn, etc.) and if possible give a brief case study. In other words state how you met and how they helped, how your life is better after acting on their advice. 2 - provide a further intr...
I think this is a very generalized question. Without knowing the specifics, such industry and product or service you are offering, it would be hard to answer this. Generally speaking, a lot would depend on the team you have in place. You have to visualize the effort required for each new business...
Snapchat is definitely not in the same age and situation than pets.com. Look how long it took Yahoo to be forced to sell... If Twitter doesn't start growing soon, it'll be in a similar situation within 24 months. If the table turns for Snapchat and does not grow, they would force the CEO to ste...
Think about how other low cost offerings emphasize the discount level. Fiverr, for one. Cheap is a ticket to failure. For many, cheap means "easily breakable, unreliable junk." Although Google guards the information with its life, I also suspect that Google devalues the word cheap from an SEO...
Essentially what I see you asking here is: should I increase the lead generation to my inside salesperson, or should I hire an outsider to get those new leads and convert them? As a business owner, can you see the problem with the second option? You are completely putting lead generation and a l...