Thread by @navrajputllc, I was speaking with an entrepreneur and he said, "I want to [...]

Nav Rajput

navrajputllc

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'm bootstrapped - blah-blah. This is the wrong #hiring #strategy. Thread

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

This also shows you don'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'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'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'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)

You can follow @navrajputllc.

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