I was speaking with an entrepreneur and he said, "I want to hire a #sales guy who can work only on the incentives" Close deals, get paid. Coz, I& #39;m bootstrapped - blah-blah. This is the wrong #hiring #strategy. Thread https://abs.twimg.com/emoji/v2/... draggable="false" alt="📒" title="Bestandsbuch" aria-label="Emoji: Bestandsbuch">

Unless you take care of your team, they will never take care of you.

People need a salary so that they run their home, meet their basic needs, and be in a sound state to perform the day job.

What I learned from & #39;the Negotiation& #39; episode from @theofficetv is that - Salary is not everything, Perks matter too. Bt with tht said, if u r a bootstrapped entrepreneur & hustler, I& #39;d say, cut down your own expenses & start saving to & #39;hire& #39; right talent.

This also shows you don& #39;t have a plan for what you are trying to achieve in your own business. Having someone work on incentives means, you are not taking a risk or want a commitment. Get your skin in the game.

A lot of my friends ask me on how I should start a startup, I& #39;m passionate about it.

What they lack is,

(1) 24 month Plan
(2) Planning for funding for 12 month
(3) Plan B if both 1/2 go wrong

What they have is

(1) Little Passion
(2) Some Vision

For early-stage companies - Funding is important but what& #39;s more important is the #Talent and #Team- Having funds and not having a passionate team to work on the product/project is a failure. You won& #39;t be able to run operations and get the desired output.

So in case you are a hustler/solo entrepreneur reading this thread.,

- Start saving money!
- Create a 12-month plan to fund team/product
- Plan for Equity/ESOP
- Build your team
- Perks matter! (Remote work, Paid Offs, Learning, Coaching, Growth)