Earlier quoted context omitted.
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From the first paragraph of the post: On the way, my co-founder and our CTO stopped me and said “I’m resigning. And I’m going to tell the team why.” He then told me that he had lost trust in me as a CEO and as a person.
Mistakes You Should Never Make
41–50 of 348 posts
Re: Mistakes You Should Never Make
#42Earlier quoted context omitted.
This is incredibly common behaviour amongst sales people. Or what is also common is 'oh, funny you should mention that, we have a team working on that feature as we speak'. 90% of the time it is fine, contracts tend to be organised for several months in advance, long enough for you to get a feature in place.
As a developer, I've been on the receiving end of "we promised the client we could do this, and they've already paid us, so get to it" more times than I can count... it's my least favorite salesman trait, by far.
Re: Mistakes You Should Never Make
#43Amazing article. As advertised, it's not a self-aggrandizing "mistakes" post that points you at the end to the author's next venture. It's full of the kinds of things that keep me up at night. It reminds me of something similar that happened to me: I was running Adwords for the first time. The dashboard wasn't showing that any of my ads had run, and it kept telling me to up my bid amount. I kept upping it and upping…
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Re: Mistakes You Should Never Make
#44As a post-mortem, I would understand, but surely not a good idea when your company is still trading.
Existing/prospective customers are going to read this, and it's not going to fill them with confidence.
Re: Mistakes You Should Never Make
#45Mistake 1: Taxes This thing about not noticing that you weren't paying payroll taxes wasn't a "mistake." It was pure head-in-assery. How can you "miss" the fact that you weren't being subtracted for payroll taxes? One quarterly / annual review after another, for 3 years? It's like running a personal budget, and "missing" the fact that you aren't paying rent.
Re: Mistakes You Should Never Make
#46Amazing article. As advertised, it's not a self-aggrandizing "mistakes" post that points you at the end to the author's next venture. It's full of the kinds of things that keep me up at night. It reminds me of something similar that happened to me: I was running Adwords for the first time. The dashboard wasn't showing that any of my ads had run, and it kept telling me to up my bid amount. I kept upping it and upping…
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Re: Mistakes You Should Never Make
#47Mistake 1: Taxes This thing about not noticing that you weren't paying payroll taxes wasn't a "mistake." It was pure head-in-assery. How can you "miss" the fact that you weren't being subtracted for payroll taxes? One quarterly / annual review after another, for 3 years? It's like running a personal budget, and "missing" the fact that you aren't paying rent.
Except that if you miss paying rent, they let you know, and quickly.
At least, you should.
Re: Mistakes You Should Never Make
#48Mistake 1: Taxes This thing about not noticing that you weren't paying payroll taxes wasn't a "mistake." It was pure head-in-assery. How can you "miss" the fact that you weren't being subtracted for payroll taxes? One quarterly / annual review after another, for 3 years? It's like running a personal budget, and "missing" the fact that you aren't paying rent.
I've done it when I incorporated my consulting business. I didn't know how to do my own payroll. Hey, it happens, oh ye wise and holy one!
Screwing up payroll tax withholding for employees is financial catastrophe. You've taken money from your employees on behalf of the government, but then kept it. Your liability in that case can be criminal, maybe even if you didn't deliberately defraud the government.
So, those two cases are not comparable.