Numbers tell a story. If you don’t know your company’s finances, you don’t know your story. In the beginning, our cofounders thought they knew our finances. In reality, we didn’t even know how much money was in outstanding accounts.
We needed to have a hard conversation. He wasn’t getting fired. He wasn’t getting demoted. But we needed him to change positions…and take a salary cut in the process.
“You just walked into the office. The co-founders are gone, you can’t get ahold of me, and three people just quit. What do you do?”
I had to fire multiple people when I took over the CEO role at Scribe. Firing a terrible person is easy, but how do you fire a good person in a way that doesn’t hurt them?