I use this framework to think about pay, promotions, and bonuses. Path If an employee is a potential future leader, I’ll want to fast track their promotions and pay scale. If they’re being groomed to succeed a current leader, their
How to Price Your Products
Source: Priceless: The Myth of Fair Price (and How to Take Advantage of It) by William Poundstone In trying to fine tune pricing for ClearGears, I’ve turned to conversations with entrepreneurs, blogs and books on the subject. I’ve been shocked
Free For Early Users?
In our desperate attempts to get early users and feedback, we’re often tempted to give deep discounts or free trials. Doing so is easy to justify, especially when new customers are family and friends who are basically doing us a
VC Money vs. Bootstrapping
When it comes to starting a business, it’s important for us online entrepreneurs to know what our end goal is. Is the end goal to get a big exit, like getting acquired or going public? Or is it creating a