How to start a startup 7
Operations and Hiring
OPERATIONS
The number one problem that companies have is they spend too much money. That’s the number one problem they have. So, spend less money, pay yourself less. Get a crappy office. Just search it up and use less money. This is the number one way you can extend your runway and it is %100 percent dependent on you, no one else.
HIRING
One of the goals I like to instill in people when hiring is, figure out how you can increase the average talent with each hire. Oftentimes, founders think that they are the smartest people in the universe. Founders tend to be pretty smart but very willing to take on risk, and so your first couple employees should be a lot smarter and just a little bit more risk-averse then you are.
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