Work/life balance or blood, sweat and tears: Which is the startup way?
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Work/life balance or blood, sweat and tears: Which is the startup way? - Presentation Transcript
- Entrepreneurial Insanity Why good is the enemy of the great
- The World average Below Above Poor Great Bad Excellent
- Contribution average 1 Below 2 Above 0 3 Poor Great -1 4 Bad Excellent
- Average Contribution = 1.5 (9 units of work / six people) average 1 Below 2 Above 0 3 Poor Great -1 4 Bad Excellent
- Removing bad & poor people and replacing with average people Average Contribution = 2.16 (up 67%) (13 units of work / six people) average 2 4 2 Below 2 Above 3 1 Great 4 1 Excellent
- Removing Average people and replacing with great & excellent people Average Contribution = 3.5 (up 233% & 62%) (21 units of work / six people) 9 3 Great 12 3 Excellent
- The Bottom Line Units produced Yearly raises Year end compensation (Starting at 100 units) Average co. 9 1 - 2.5% 102.5 Above Average co. 13 (67% gain) 2 - 5% 105 Excellent co. 21 6 - 12% 112 (233% gain)
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