2. Develop the tools of the trade.

You cannot rely exclusively on benchmarks and market practices, so you will have to build grids of compensation across your company. For each type of position (“tracks”), you should have a dedicated grid. You’ll end up with grids for sales, developers, product managers, etc. 

There are many reasons anyone can get fired: For example, the company can lose key customers. We can’t always control it, but we can plan for it. 

• Know the industry and where your company fits in that market. 
• Ask your boss what you can do to help alleviate workloa...

One of the backbones in starting a business is technical know-how.

Having someone who can deal with technical stuff if you are just starting out is a huge relief especially if the business takes so much of your time in other fields like marketing, sales, etc.

Freeing yourself from the...