4 ms·
This comment pretty much said what I was going to say. Definitely do the trial period. Vesting shares. Don't measure hours, it just leads to a mess. You don't c
by lionhearted 16y ago
This comment pretty much said what I was going to say. Definitely do the trial period. Vesting shares. Don't measure hours, it just leads to a mess. You don't care about hours, anyways - you care about results.
Okay, actually, a quick story - I was running a business where we had maybe 20 hours of mindless busywork each month that could EASILY be outsourced for very cheap. It would've cost $400/month or maybe less to outsource it. I kept trying to outsource/automate/remove this stuff, but my partner at the time wanted to have max cash in the business and insisted on doing it. But then he'd call me upset that he put in more hours that week, even though I was directly accounting for 70% of the business' sales, and had some responsibility/involvement for the other 30%.
Long story short - don't compensate hours for founders, or people will fight to keep their fiefdoms of packing boxes and bringing them to the post office, which is a totally useless waste of time if you could be making hundreds/thousands of dollars with that time and paying someone $20 to pack boxes instead.
(Edit: If you're not profitable and have no money, okay, pack boxes. We were making money, time spent on customer acquisition would've been MUCH better spent than extremely rote mindless busywork that anyone with an IQ of 60 and two working hands could do)
Also - interview A LOT. Even with the trial, you want to be doing at least three interviews, and maybe more like 10. Do them on a few separate days. Ask hard questions. After your favorite has been doing well, go to a bar or somewhere super informal and just chat about life, try to get perspective on his/her goals, ideas, thoughts on lots of stuff. Make it as informal as possible and you'll probably learn more there than you do in the formal interviews. But yeah, interview A LOT, I think it'd be hard to have too many interviews for such an important role when you're already deep into.