Episode 54 – All Startups Should Use PIPs
Welcome to another episode of the Career Coaching Xs and Os podcast, where we unlock the strategies and secrets of career success. In today's discussion, we'll explore why all startups should use Performance Improvement Plans (PIPs). I'll share my recent consultation with a startup fintech CEO struggling to address underperformance among his senior team members. These individuals had agreements for equity in the startup at an agreed-upon trigger date, but the CEO hadn't defined the performance he expected from them.
Performance Improvement Plans are essential for supervisors and direct reports to address and resolve performance issues. As a startup leader, you should implement PIPs with all your employees from day one.
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Challenges.https://www.youtube.com/channel/UC7lxMSEtBOAgNBOPrmA9O_w Need help launching your startup or small business? Please check out my book, #Guerrillapreneur: Small Business Strategy for Davids Wanting to Defeat Goliath, available on Amazon, Barnes & Noble, and Apple Books.
If you like the Career Coaching Xs and Os podcast, you might also like my other business podcasts, #Guerrillapreneur: The Art of Waging Small Business Warfare (Mastermind Interviews with Entrepreneurs, Consultants, and Business Mavericks) and #Gigging: Everything and Sharing Economy (news and predictions about the Sharing Economy).