Sitemaps
Are We Growing or Just Getting Fat?
Let's Get Back to Our Why
How We Secretly Lose Control of Our Startups
Does Startup Success Validate Us Personally?
Should Kids Follow in Our Founder Footsteps?
The Evolution of Entry Level Workers
Assume Everyone Will Leave in Year One
Was Mortgaging My Life Worth it?
What's My Startup Worth in an Acquisition?
When Our Ambition is Our Enemy
Are Startups in a "Silent Recession"?
Do Founders Deserve Their Profit?
The Utter STUPIDITY of "Risking it All"
Why Most Founders Don't Get Rich
Investors will be Obsolete
Why is a Founder so Hard to Replace?
We Can't Grow by Saying "No"
More Money (Really Means) More Problems
Committees Are Where Progress Goes to Die
Wait a Minute before Giving Away Equity
Why do Founders Suck at Asking for Help?
The Value of Actually Getting Paid
Will Investors Bail Me Out?
Is the Problem the Player or the Coach?
Do People Really Want Me to Succeed?
You Only Think You Work Hard
SMALL is the New Big — Embracing Efficiency in the Age of AI
The 9 Best Growth Agencies for Startups
Never Share Your Net Worth
This is BOOTSTRAPPED — 3 Strategies to Build Your Startup Without Funding
The Ridiculous Spectrum of Investor Feedback
$10K Per Month isn't Just Revenue — It's Life Support
Why do VCs Keep Giving Failed Founders Money?
If It Makes Money, It Makes Sense
The Hidden Treasure of Failed Startups
My Competitor Got Funded — Am I Screwed?
Why Having Zero Experience is a Huge Asset
How About a Startup that Just Makes Money?
How to Recruit a Rockstar Advisor
Risk it All vs Steady Paycheck
A Steady Hand in the Middle of the Storm
How to Pick the Wrong Co-Founder
Staying Small While Going Big
Why I'm Either Working or Feeling Guilty
Are Founders Driven by Fear or Greed?
What if I'm Building the Wrong Product?
How Startups Actually Get Bought
Quitting vs Letting Go
Actually, We Have Plenty of Time
Why Can't Founders Replace Themselves?
Who am I Really Competing Against?
Investors are NOT on Our Side of the Table
Plan for Bad Times, Budget in Good Times
Demo Article
When a $40m Exit is More Than a $200m Exit
Don't Fear the Reaper: AI Edition
Don't Let Investors Become Your Customer
We Can't Stay Out Of The Game For Too Long
What if Our Dreams Are an Illusion?
What if this isn't a "Big Business"?
Founders, Not All Problems Are Apocalyptic
Stop Listening to Investors
Can You Build a Startup in Less than 40 Hours per Week?
Unlocking the Power of a Startup Community
Strategies to Effectively Raise Capital for Your Startup Business
Are Bootstrapped Startups Less Valuable?
Why Founders Don't Ask for Help
Where to Find Startup Mentors to Take Your Business to the Next Level in 2023
What Is a Venture Capitalist and How Do They Work?
What Is an Entrepreneur? A 2023 Guide to Starting Your Own Business
A Guide to Different Stages of Funding for Startups
Time is Our Greatest Asset
The Toll of Everyone Around a Founder
Big Starts Breed False Victories
Once a Founder, Always a Founder
The Invention of the 20-Something-Year-Old Founder
When is Founder Ego Too Much?
Founder Impostor Syndrome Never Goes Away
Always Take Money off the Table
Should I Feel Guilty for Failing?
The Case Against Full Transparency
Why Do We Still Have Full-Time Employees?
This is Probably Your Last Success
How Many Deaths Can a Startup Survive?
How Should I Share My Wealth with Family?
Why Do VC Funded Startups Love "Fake Growth?"
Living the Founder Legend Isn't so Fun
Youth Entrepreneurship: Can Middle Schoolers be Founders?
How to get Customers for Startups
Founder Sacrifice — At What Point Have I Gone Too Far?
The Power of a Growth Mindset: How to Achieve Success in Your Startup
Startup Board Negotiations: How do I tell the board I need a new deal?
20 Best Kinds of Startups for 2023
Series A Funding Rounds
6 Similarities between Startup Founders and Pro Athletes
Choosing The Right Type Of Website For Your Business
Startup Failure is just One Chapter in Founder Life
What If my plan for retirement is "never retire"?
Is Quiet Quitting a Problem at Startup Companies?
If a Startup Sinks, Founders Go Down With it

What if I Fired Everyone and Started Over?

Wil Schroter

What if I Fired Everyone and Started Over?

What would happen if we went straight up nuclear on the staff today?

That's right — a total hard reset. We burn the whole thing down and start all over again. We stomp out the politics, throw the dead weight overboard, and wipe the slate clean altogether.

Depending on how our day as a Founder is going, that might sound like our worst nightmare or pure heaven. But it's actually a very real question that Founders can and should contemplate, in good times and in bad.

For argument's sake, let's say that we were forced to shut down and let everyone go, but then managed to raise some capital to resuscitate the business and had a chance to do it all over again (we actually did this with Zirtual.com when we bought it, so it's not just mental exercise).

How would we think about our current staff?

What Roles Would We Eliminate?

There's almost a 0% chance that if we had to do it all over again that we'd create the exact same roles and structure. That's not because we weren't smart about how we did it the first time, it's because organizations don't start with the "perfect structure," they evolve into a structure that hopefully, eventually, kinda, sorta works.

The current roles are often a result of managing individual personalities, moments in time within the business, and legacy duties that we just never really got around to cleaning up. Said differently, these weren't always decisions that we opted to make as much as choices that we had to make.

If we had to reset the meter, would we create the exact same roles? Probably not. We'd likely streamline them where we could or eliminate them where we needed to. We didn't, because there are real people in those roles, not just org chart placeholders, but if we had to do it again, that org chart would be a lot tighter.

What Would We Spend?

Knowing now what we do, would we have paid that huge premium for that one developer (not to pick on Devs, you all just get paid the best!) or would we have created that lopsided comp plan for the Biz Dev lead? Probably not. But at the time we either didn't have a choice or just didn't know any better.

But it's not just a misplaced starting salary. It's also a ton of legacy salaries from folks that were paid top dollar when they were the tallest midget in the room, but now are still getting comped like a senior executive even though they are middle managers or line workers, and maybe not even that competent at that.

Would we spend the same? Probably not. In fact, we could probably save a ton of money simply by having a fresh look at the roles and comp requirements. We would right size compensation based on what we know the business is, not what we guessed it might be in years passed.

Who Would We Rehire?

Once we figure out what roles we'd keep and what the appropriate comp would be, the only question becomes — who exactly would we rehire? If we had the opportunity to bring back anyone we wanted, who would get the offer, and who would get the brush off?

This says it all. If we wouldn't hire them back, no matter what the role, then we have to wonder how we kept them for so long as it is. There are so many reasons folks get a pass, from the friction it takes to replace them to the shockwaves it would potentially send through the organization. But none of it is "because we couldn't live without them."

So if it's the case that we've got roles we don't need, money we shouldn't spend, and people we essentially don't want to work with, do we really need to burn this whole thing down to get the organization right? Sometimes, yes, we actually do. But short of torching the place, it's worth asking if instead, it's time to do some long-overdue housekeeping. Like any housekeeping, it's not fun, but at some point, it sorta needs to get done.

In Case You Missed It

I’m Burnt Out. What Do I Do? When we hit a point of burn out it's important that we understand what to do about it. If we ignore it, the problem only gets much worse. So let's take a look at what Founders do to deal with burnout head-on.

The Benefits of a Hard Reset (podcast) Let's talk about the benefits of a hard reset for a Startup, letting go of liabilities in exchange for a fresh start, and identifying priorities when going through it all.

How To Write A Business Plan: A Comprehensive Guide A step-by-step guide on writing a business plan to catch an investor's attention & serve as a guiding star for your business.

Find this article helpful?

This is just a small sample! Register to unlock our in-depth courses, hundreds of video courses, and a library of playbooks and articles to grow your startup fast. Let us Let us show you!

Login with Google

Submission confirms agreement to our Terms of Service and Privacy Policy.

Already a member? Login

No comments yet.

Start a Membership to join the discussion.

Already a member? Login

Create Free Account