3min chapter

The Sweaty Startup cover image

336: How to hire a CEO for your small business

The Sweaty Startup

CHAPTER

How to Hire Replacements

Next time you're trying to hire a replacement, keep it simple. Cut them in on a percentage of revenue, pay it monthly or quarterly as a bonus and give them a base salary. The last thing you want is have somebody coming in thinking that the business size is going to triple. Just like an investor call, just like trying to get a customer with the timeline of what you're going to do, manage the expectations.

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