Hosted by Jay Adelson.
Entrepreneur, CEO, and business owner Jay Adelson (Equinix, Digg, Revision3, SimpleGeo) demystifies the start-up process by providing advice, tips, and answering questions. Ask Jay how to turn any business idea into reality: askjay@revision3.com, @jayadelson, or http://youtube.com/askjayadelson Read More
Successful entrepreneur and CEO Jay Adelson demystifies the start-up process by providing advice, tips, and answering questions. In this episode, Jay talks about what goes on when a CEO is fired, the process, reactions, and what to do if that person is you.
Jay's Chalkboard Notes:
- Losing a job is always a negative feeling
- Dealing with it requires emotional fortitude
- A CEO being fired is usually a misalignment between the board or investors and the CEO's direction for the company
- Understand on day 1 what the direction of the board is going to be
- Understand how it may change from board meeting to board meeting
- A CEO is usually looked to as someone who inspires others
- Understand your own limitations
- Consider not being CEO of your 1st startup and learn from that CEO instead
- It's usually not a total surprise
- Keep your mouth shut
- Don't take it personally
- Remain professional
- CEO's are fired and hired all the time
- Everything is a learning experience
- Understand your emotions and confide privately with your close friends and family
- Understand that most do not know the full story
Have questions about launching a business that you want answered? Submit them to askjay@revision3.com, or upload a video question on our YouTube page. And make sure and follow Jay via Twitter.
