TMBA 688: Mailbag: What Can Scorecards Do For You? And Equity Split Dilemmas
Podcast 42:33 | Download | Spotify| Stitcher | iTunes
“This is an exciting podcast about traveling to tropical islands. And we're talking about employee scorecards. Why?”
On this week’s show, Dan and Ian share why they’ve introduced employee scorecards to their business, and how they’re helping establish more accountability, creativity and legibility in many different ways. They discuss the practicalities and principles of scorecards, the reasons they are so useful for both full-time staff and contractors, and why they are often welcomed by team members. Here’s the scorecard template.
They also give their thoughts in response to a listener email about one of the most frequently raised dilemmas in the startup world: how to handle equity splits when one person is doing the lion’s share of work while the other business partner still retains a full-time J-O-B.
Listen and learn:
How scorecards can help improve alignment between founder and team
Why scorecards help create clarity
An ongoing conversation about the pros and cons of KPIs
What if your chosen business partner doesn’t quit their full-time job?
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Mentioned in the episode:
Scorecard Template
Before the Exit – Our New Book
Partner With Us
The Dynamite Circle
Dynamite Jobs
Post a Remote Job
Tropical MBA on YouTube
Dynamite Jobs – Remote Recruiting Sales Page
Who - The A Method for Hiring
Scaling Up: How a Few Companies Make It...and Why the Rest Don't
Traction by Gino Wickman
Working Backwards
TMBA 669: Working Backwards And The ‘Write First’ Culture
Work the System
Sam Carpenter
Enjoyed this podcast? Check out these:
TMBA515: Dan and Ian: The Full Backstory. Part 1
TMBA623: It’s Never Too Late to Find a Business Partner
TMBA442: ‘Til Death Do Us Part? Business Relationships
This week’s sponsors:
Don’t Get Held Up While You’re Trying to Scale Up. Experience the ease of remote hiring with dedicated experts by your side. Book a call at https://www.remotefirstrecruiting.com/
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Have comments about the show?
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Thanks for listening to our show! We’ll be back next Thursday morning 8AM EST.
Cheers,
Dan & Ian