4 ms·
Why not hire someone to run the company for you or at least handle the majority of day-to-day operations? Possibly promoting one of your existing employees into
by jeffmould 12y ago
Why not hire someone to run the company for you or at least handle the majority of day-to-day operations? Possibly promoting one of your existing employees into a leadership role or "co-founder" role if this is something you would consider.
I would be upfront with your employees now. Maybe one of them has an option you have overlooked completely. Also, if you are honest with them now, it may help with any potential outcome down the road (for example, if you do end up having to shut down it is not a complete surprise to them). Also, by opening up about it, you might consider posting more details about the company here. Who knows maybe there is someone here who would consider making the purchase or taking it over for you.
Just a couple thoughts. Good luck!
- lexap 12y agoAbsolutely. There are plenty of talented people who would leap at an opportunity like this to take over the day to day and grow the business. You'll still need to be involved but can scale way, way back once you get the right person up and running. The challenge for you will be power sharing and letting this new leader take the reigns. But it can be done. I would recommend tapping the advice of other founders who have handed the reigns. And yeah asking a current team member if they're interested is a great idea, provided you believe in them.