Category: Team Building & HR (Page 4 of 7)

Who can I trust with my ideas?

QUESTION:

Who can or should you trust?  I have an idea that excites me: one that seems to have meat on the bone and I’ll need a great team to act on.  But I’m having a hard time finding the balance of whom I can trust to tell this idea to. Some people are evangelists and rally incredible support for their visions. Others hold their cards close to their chests. I want to tell everyone, but don’t want someone to take it and run.

ANSWER: Read More...

How much equity should I give to employees & consultants?

QUESTION:

Hi everyone – great site!  I’d love some insight regarding compensating different employees with equity.  I have had a web-based product in beta for just over a year. We are completely bootstrap (i.e. no outside funding). We are an LLC, though plan to become an Inc. at the end of the year.

I have 3 different scenarios for potential equity: Read More...

Do I have to form a partnership, LLC or corp to bring onboard a technical partner?

QUESTION:

My background is in small business management, as well as sales and marketing. However, I have a few business models I’d like to pursue taking advantage of. My challenge is that they each require the skills of a programmer (which I don’t have) to build either a very detailed website or an iPhone app, both of which would also require someone to update and maintain them. My question is can I form working relationships with individuals with these skills in order to start my business, perhaps with a working contract and not by forming a partnership, LLC or a Sub S Corp?

ANSWER: Read More...

Will a project internship limit my pool of students to choose from?

QUESTION:

I have been reading blogs from YouTern.com about the advantages for students to have an internship at a startup company (working directly with the owners). And, I have also read that using interns for my startup can be advantageous to my company (fresh ideas and eagerness).

With limited time I would like to offer an intern(s) “project” internship(s) but have learned that most Career Centers at Universities will not allow college credits or support the Project internship. Read More...

How much equity should I give a VP?

QUESTION:

We’re looking at bringing on a VP of sales, and I was thinking about providing a 0.75 – 1% equity stake with a 3 year vesting period. Is this about right?  We’re pre-funding right now.

ANSWER: Read More...

Can I fire an employee simply because he is incredibly annoying?

QUESTION:

This is a silly question, but I have to ask. The employee performs his job, but he’s driving me crazy. Can I fire this employee simply because he’s incredibly annoying? Quality of life must count for something. What if two people don’t get along. I’m the CEO. Shouldn’t I be able to decide who works for me?

ANSWER: Read More...

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