Sachit GuptaFounder, CreatorsMBA.com · Founder at CreatorsMBA.com

The HARDEST Thing about Running a Company! #shorts

18 Mar 2023 · 1 min

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0:45

A founder explains why firing is harder than mentoring. His company uses a "partnership review" system where anyone can request a review of someone's status, potentially leading to termination. He says he loves how his company handles it, and other organizations have copied the approach.

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Mentoring is pretty simple, but what about the harder things like firing, right? Or like compensation, where it's not just like, yeah, give someone some advice and mentoring, but what happens when it's not just mentoring, but sometimes you have to fire people? How does that work, right? And my company has an answer that's been copied now by dozens of others because it's a pretty cool answer. And I can genuinely tell you, I love the way we fire people. And I don't know many organizations that can say I love the way we fire people. As a creative entrepreneur, I didn't ever want to be in management to have to make decisions like, how do I fire people? That sucks. So anyone in the company can call for a partnership review for anyone else. So any of our partners, our people, right? Anyone can call for a review of someone else's partnership. Hmm.