How Do You Become The Next Elon Musk?
Years ago, I was having coffee with my friend Alain, and somehow, we got on the subject of Elon Musk and Tesla. Alain, who was an original investor in Tesla, said, “Elon can simultaneously channel Bill Gates and Steve Jobs.” “That’s impressive,” I said. (You can watch Alain talk about Tesla and Elon here:) Think…
Do You Ever Regret Firing An Employee?
“What took you so long?” Every single time I’ve fired someone as CEO, someone on my team has asked me that question. Every. Single. Time. And, there’s a good reason I was asked that question. You see.. You, the CEO, almost always wait too long to fire someone. For example, I realized, about two months…
Your Co-Founder Wants To Be Co-CEO, Now What?
It’s surprisingly uncommon for your co-founder to want to be co-CEO with you. I had it happen to me, and I’ve had more than one CEO that I’ve worked with have a founder ask to be co-CEO. In this video, I’ll share my story and the story of “Bob”, a CEO I’m working with, of…
How A CFO Can Help You Run Your Company
“I’m really impressed with your new CFO,” I said to “Kevin”, the CEO of a startup I’m working with. “I love his attitude, and I love what he had to say about joining your company.” “You don’t know the half of it,” Kevin said to me. “He’s (the new CFO) hit the ground running, and…
When Should You Fire Your VP Sales?
You just hired your new VP Sales six months ago, and now you’re beginning to wonder if you made a mistake. Your previous VP Sales only lasted three months, and now you’re worried that your board is going to lose confidence in you too. What should you do? In today’s video, we go through this…
What Do You Do When Your Co-Founder Stops Working?
Imagine this scenario. Your co-founder of five years, who owns the same 40% of the company you do, decides he is unhappy with his role, and he stops working, daring you to fire him. Firing him is the easy decision. The tougher decisions are should you buy him out and what should you do with…
How Much Sleep Do You Really Need To Be Effective?
I wake up, and I look at the clock. It’s 2:14 AM. I had gone to sleep at midnight, and here I was, awake two hours later. “Maybe this time, I’ll be able to break the pattern and go back to sleep,” I say to myself. For the next hour, my mind was racing, as…
The One Thing Every Successful Startup Has In Common
When you think about the qualities that every successful startup must have, you’re likely to think about having a great team, a great CEO, grit, an exploding market, a great culture, and a friendly competitor. There’s a lot to choose from. But there’s one quality that you absolutely, positively have to have. Can you guess…
How Do You Deal With A Problem Customer?
Your largest customer, representing over 80 percent of your revenue, threatens they are not going to work with you anymore. Making matters worse, your startup is in the middle of fundraising. What should you do? In today’s video, I’m going to go over this real life problem that a startup CEO I’m advising, “Gary”, is…
What Should You Do When Your Revenue Isn’t Growing?
“Revenue is always a lagging indicator of success,” I said to “Kevin.” We were reviewing his progress, and he was behind plan. But I was seeing progress, and I wanted to remind Kevin. “What do you mean?” Kevin asked me. “Revenue is always a lagging indicator of success,” I repeated. “My co-founders are getting worried…