@scotchisholm on Instagram
- Founders should prioritize their compensation package even though it is often overlooked amid startup responsibilities.
- The post argues founder compensation matters for health and wellness because founders need stability to perform at their best.
- It compares startup founders to professional athletes who cannot succeed if they are stressed about rent and food.
- A proper compensation package signals self-respect and recognition of the value the founder brings as a leader.
- The post says this self-respect can earn respect back from the team.
- As CEO, the founder is expected to set the standard for how they are compensated.
- Getting the right compensation structure from the start is presented as important for a productive long-term relationship with the board.
- The author offers to send an article on the topic to anyone who comments 'FOUNDER'.
- The post ends by encouraging readers to share the article with their board.
As a founder, you wear many hats. There are a million and one things you need to worry about, and founders’ compensation package is usually not top of mind. But it should be. At least until you get a structure that works. Here’s why: First, health & wellness. Startup founders are like professional athletes. They need to be at the top of their game to succeed and can’t do that if they’re worrying about paying rent and eating like crap. Second, it signals that you respect yourself and recognize the value you bring as a leader. This earns you respect in return. As CEO, you have to set that standard. Third, having the right founder compensation package from the start sets up your relationship with the Board for long-term success. If you want to read my article I wrote on this topic, comment “FOUNDER” and I’ll send it to you. (then share with your board)