Letting Someone Go in a Start-up

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    Good teams increase the probability of a start-up success. The start-up team includes its co-founders, employees, investors and board members. The entrepreneur needs to make tough firing decisions from time to time. It’s like breaking a marriage that can be expensive and hurtful for both parties; the CEO’s job is to minimize the damage and protect the best interests of the company.   Why and How to let someone go? General points on why you may need to fire someone and how to do it. – The team member cheats or lies and hence cannot gain your trust. In such cases, better not give a second chance – The team member does not perform close to the level […]