Episode description
In today’s Startup Therapy Podcast, Wil and Ryan discuss whether your startup really needs full time employees. One of the common mistakes made by startup companies is that they hire a bunch of people full time for a job that can be done by one or they hire one person and make them do multiple things. In this episode, let’s really find out what is full time employment and how do you really make the most out of it?
Sign up for the Startups Newsletter
https://www.startups.com/newsletter
Resources:
- Startup Therapy Podcast
- https://www.startups.com/begin
- Join our Network of Top Founders
- Check in with us on LinkedIn | Wil Schroter | Ryan Rutan
What to Listen For
- 00:00 Intro
- 03:08 History on paying full time and per hour
- 04:55 Raising funds to pay for a team
- 07:02 What is full time employment?
- 09:20 Buying someone’s hours
- 12:52 Hiring people you don’t need
- 15:35 Full time contribution
- 19:01 The high performing people
- 22:30 Hiring one person for multiple jobs
- 26:53 Full time will be a thing of the past