I have two senior managers in my company. (Hesitant to say co-founders as I started the business and have since brought them onboard).
One who is a great project manager (our business) but turns out isn’t right for a strategic role in the buiness (being a partner, strategy, overall mgmt etc). We initially agreed on an equity stake, salary and a high-up mgmt title.
The other co-founder is someone I would dearly love to have join immediately as they’d make a great strategic/organisational fit but we don’t have the cash flow and her life is already full. Likewise, equity stake, salary and title.
Any thoughts on what I should do about equity, salary and just general management of this situation.
I’ve tossed around in my head different equity splits, new titles, bringing more people on, letting these people go – just after some outside perspective as at the moment – It’s driving my nuts and I feel like I’m building this business by myself.