Tag Archives: startup

07/21/17

Risk — A Four Letter Word, CEO Shoptalk

Today, we talk RISK, y’all. It is a four letter word and it can be profane, if you let it.

Big Red Car here on a sunny, Texas day which will give rise to a 103F temperature during which the BRC will be hanging in the pool, floating.

OK, so today we talk about risk. Risk is what drives startups. When you overcome a risk, you wander into the Winner’s Circle and collect your winnings at the mythical PAYWINDOW.

But, what is risk? Risk is different to different people. If you are a green, first time founder/CEO, then everything is risky after you have tied your shoes (the reason why new CEOs should wear slip-ons).

If you are a fifth time, serial entrepreneur, then your view of risk is different.

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07/17/17

Rent A Ranger.COM — A Gender Norming Startup

Big Red Car here on a very bright Monday morning with a very bright new idea — Rent A Ranger.

So, the Big Red Car is a libertine of sorts. On the other hand, the Big Red Car thinks this sexual predatory climate in Silicon Valley/Alley/Gulch/Plains/Mountains, etc. is out of control.

The solution — which the Big Red Car has been all over since the start — is for an afflicted woman to send their big brother to “reason” with the transgressor. The transgressor wants this service to get him back on the straight and narrow. [OK, maybe not.]

But, Big Red Car, how about if a lady doesn’t have a Big Brother? What then?

Ahhhh, dear reader, you have identified the pain point which the Big Red Car seeks to relieve — voila — Rent A Ranger.COM at your service, mademoiselle.

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03/28/17

Board of Directors

Big Red Car here waiting for Saturday and the Final Four contests. OK, but I am getting a lot of questions about all things pertinent to a Board of Directors and how to run board meetings and how to deal with board members.

We’ve talked about this before, so let me give you some frames of reference.

Know that I’ve stolen all of this from The Boss who had a lot of boards, board members, and board meetings in thirty-three years of CEOing.

Here it is for your use.

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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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