03/21/17

Employment Agreement Series One More Time

This post was made four years ago and is still relevant today. If you are a CEO, you need an Employment Agreement. Get one and consider the following information when you do.

Here are some blog posts on the issue of C Level Employment Agreements.  Click on each link to read the pertinent blog post.

The Design of Compensation Packages for C Level Execs and Senior Management

C Level Employment Agreement Provisions

C Level Employment Agreement — Position

 C Level Employment Agreement — Salary

C Level Employment Agreement — Benefits

C Level Employment Agreement — Short Term Incentive Compensation

C Level Employment Agreement — Long Term Incentive Compensation

C Level Employment Agreement — Compensation, Something Special

C Level Employment Agreement — Managing the At Will Employee Relationship

C Level Employment Agreement — Termination

C Level Employment Agreement — Severance Package

C Level Employment Agreement — Change of Control Provision

C Level Employment Agreement — Parting Shots

You can do this. I’m counting on you. But, hey, what the Hell do I really know anyway? I’m just a Big Red Car.cropped-LTFD-illust_300.png

03/8/17

CEO Reflections

Big Red Car here in the ATX feeling a little cloudy — ooops, that’s the weather. Me, I feel marvelous. Let’s talk about the first time CEO, shall we?

So, I catch The Boss talking to a pal the other day. They were Second Lieutenants in a combat engineer unit in the Republic of Korea back in the early 1970s.

 

The Proper Young Lieutenant

The proper young lieutenant, having just landed in a rice paddy fertilized with “night soil.” If you recognize those “soiled” boots as Corcoran Jump Boots, then you have a sharp eye. Stroke of good luck, landing standing up, because of the aforenoted night soil.

 

It was a dicey time and they were both platoon leaders. Both of them would end up as Captains within 18-24 months, which was pretty damn fast even for those days.

“So, when did you first think you knew what you were doing?” asked The Boss’s compadre.

“I’ll get back to you when that happens.”

They laughed.

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11/21/16

Budgets 2017 — Get Back To Work, Y’all! Shop Talk

Budgets. Nothing says the holidays are coming like budgets. Budgets make the world go around.

Big Red Car here on a lovely, sunny Monday in the ATX. Ahhh, on Earth as it is in Texas!

So, the election has everybody off their schedule with their lamentations and celebrating.

But, what are you supposed to be doing, y’all?

Of course, you know, you’re supposed to be finalizing your 2017 budgets, Ms. Startup CEO.

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09/5/16

Delegation — For CEOs Only

Delegation. Today we talk about delegation.

But, first, a weather report. It is a perfect day in the ATX because the Texas Longhorns beat the Fighting Irish of Notre Dame last night in a fabulous game decided in two overtimes. Go Horns! It is the start of the Shane Buechele era in Longhorn football but it was a great win all around. OK, that’s enough. Sorry. Hook ’em, Horns!

The ability of a CEO to delegate tasks effectively is a force multiplier and one of the most important skills a CEO can develop. It is a mechanical skill and today the Big Red Car is going to help you learn how to do it. It’s like being able to fly fish. A bit of local knowledge plus a ten-to-two cast and you are eating smoked trout whenever you want. Listen.

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04/28/16

Trump – Example of Scaling Well?

Donald Trump and the Big Red Car here in the ATX — going to be another great day. On Earth as it is in Texas, y’all! [Haha, no Trump here.]

So, today, we turn ourselves to one Donald Trump as an exemplar of how a startup is able to grow and scale and deal with the issues of a startup enterprise. This is NOT a political commentary. It is about the startup business.

Trump, of course, is a businessman and has engaged in the Art of the Deal and the art of the spin off or side deal — Trump Vodka, Trump Steaks, Trump Breath Freshener, Trump Deodorant Footpads — you get the idea.

In fact, the Trump campaign is a spin off of his own massive ego, natural leadership ability, and hunger for power. That is NOT intended as a slight but rather a recitation of the truth without serving any homage to political correctness. As you well know, dear reader, Donald does not approve of political correctness, so we follow his lead here today.

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01/9/16

Founders, Co-founders, Sub-founders

Big Red Car here on a wintry but sunny to be day in the ATX. Little before dawn in that quiet moment when the wind is blowing and the house is creeping and The Boss is typing.

It is 50F headed to a high of 52F. Brrrr, Big Red Car, winter is here.

Haha, winter in the ATX is 52F and sunny. Sorry.

So, The Boss has been hearing a lot of chatter about founders and how they are going to work with co-founders. Today the Big Red Car invents a new category of founder, the sub-founder.

Read on, dear readers. Continue reading

12/16/15

Frugal — Are You Frugal?

Big Red Car here and for the first time I’ve gotten a little of the Christmas spirit. Hard to do when it’s 75F but that’s the ATX. On Earth as it is in Texas, y’all!

So The Boss had an interesting experience the other day that drove home a good lesson in . . . . . frugality. Frugal. Let it roll off your tongue. Frugal.

Huh, Big Red Car?

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07/22/15

Leadership & Management — One More Time!

Big Red Car here. Ahh, you know the shtick by now — On Earth as it is in Texas!

Every so often, we find ourselves being drawn into a discussion that is endless.

One such discussion is the ramifications of leadership and management for the startup and small business. It is a continuous discussion.

Note that the Big Red Car did not say leadership “versus” management because they are not in a contest with each other. Continue reading

04/16/15

Thoughts on Hiring

Big Red Car here in the beautiful ATX. Just when you thought it couldn’t get any better, we have a day like today and a day like yesterday.

On Earth as it is in Texas!

Hiring is one of the things about building a great startup that is alluded to with a backhanded swipe of the founders’ hands.

It is an essential consideration. [Do tell, Big Red Car. Give us more, please.] Continue reading

04/2/15

Entrepreneur Addiction

Big Red Car here. Please accept my apology for being MIA for the last two weeks. No excuse. To those who sent the death threats, I looked up your TCP/IP addresses and I will be coming to see you shortly.

No weather report today but the azaleas are in full bloom. Wow!

So The Boss is talking to a couple of his favorite CEOs and they get on the subject of addiction.

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02/9/15

Raising Taxes, A Presidential Thing

Big Red Car here in the ATX which is enjoying some convertible weather. I am headed out to the Hill Country this afternoon and why not?

Folks up north, please don’t hate me — the azaleas will be blooming in about five weeks here in Texas. Always coincides with Spring Break.

So The Boss has been digging into the issue of taxes. Taxes are an important consideration for those in the startup business as they hope to ultimately monetize their work and investment. In the course of doing this they will likely be subject to capital gains. Not a bad thing. Continue reading

10/11/14

You Will Not Be A Startup Forever

Big Red Car here in the ATX and it’s ACL weekend #2, y’all. Austin City Limits is a huge music festival at Zilker Park which attracts 2.5 million fans annually — OK, that’s a lie it just seems like two and a half million. It’s a lot of people. In the old days when it was in September it used to be hot, dusty and dangerous. Now it’s in October and seems to attract torrential rains and frogs. Oh, well.

So The Boss was talking to four different CEOs and they got on the subject of when do you stop being a gangly, colt legged startup whose every transgression against common sense can be blamed on — It’s a startup, y’all! — and become a real company with real revenue and grown up leadership and management? Continue reading

04/30/14

Legacy v startup cultures

Big Red Car here.  Nice, lovely crisp day in the ATX.  Going to be a beauty–move to Texas kind of wonderful.  But, hey, you already knew that.

So The Boss’s offspring are an investment banker and a startup graphic designer.  One foot in a legacy company wrestling with becoming a more timely enterprise and a startup going through adolescence.  Got The Boss thinking about evolving ways to run a business. Continue reading

04/3/14

Dangerous Inflection Points, the Turn to Final

Big Red Car here.  Bit cloudy and cool here this morning in the ATX, still Spring is in the air.  It is currently 72F and it will be 87F before the day is through.

So The Boss gets talking with a couple of venture capitalists and the conversation drifts toward “inflection points” or pivots and how to deal with them. Continue reading

01/5/14

George Washington — American Entrepreneur

Well, The Boss has been reading all about George Washington (for about the fifth time that the Big Red Car is aware of) and is reading Douglas Southall Freeman’s seven volume history of Washington for at least the second time.

Freeman is the author of the definitive works on Washington and Robert E Lee.

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05/14/13

George Washington, America’s First Entrepreneur and Startup Genius

Big Red Car here.  Going to be another sweet day in  the ATX — sunny, bit of a breeze, low humidity and cool.  Ah, on Earth as it is in Texas.

So The Boss has been re-reading Washington’s Crossing by David Hackett Fischer and published by the Oxford Press.  This must be the third time he has read it.

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