You Need All Hands on Deck

We have to take advantage of every resource at our disposal—employees, advisors, board members, interns, friends, family or other outside resources that have offered to lend a hand. But each of these resources are operating outside the normal bounds of working relationships:

“Always think about how to better manage yourself.” 

  • Employees are often working crazy hours for below-market compensation packages, for equity, or even for free on the side of their current jobs.
  • Vendors are rarely paid full freight and are often asked to make financial concessions for the promise of working with the company in the future.
  • Advisors or board members may be available only a small portion of their time and may be working for below-market compensation if they are compensated at all. Even individuals who help with raising capital, especially at early stages, may not be paid normal compensation.

The resources in an entrepreneurial venture will only be effective if you understand their situations and allocate an appropriate set of tasks to them. Everyone only sucks if you fail to put them in a position to have a positive impact on the business.

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