10xPrinciples Approach to Containing and Eliminating Fires

Startups are motivated by youthful energy, fueled by adrenaline, and supplemented by caffeine. The frenetic pace of a startup cannot be sustained forever. If a company remains a startup too long, it will either burn through its cash or the original team will become too long in the tooth to muster the same enthusiasm that powered its early victories. Or both. Companies that successfully navigate the transition from a startup… Read More »10xPrinciples Approach to Containing and Eliminating Fires

The 10xPrinciples Approach to the Incentive Compensation Conundrum

Managers and employees alike have long had an uneasy relationship with Incentive Compensation (IC). The custom of “remembering the workers” began at the end of the 19th century, with employers giving employees candy, turkeys, or watches for the year-end holidays. The F.J. Woolworth company was the first to institute cash bonuses of $5 for each year of service. Investment banks picked up on the idea and ushered in massive Wall… Read More »The 10xPrinciples Approach to the Incentive Compensation Conundrum