Selling fast-growing business for personal reasons. Keen to tell our exec team asap (w' equity) so aligned/we're transparent. Good idea?

I've been a consultant, both independently and through two of the "Big 5" consulting firms, for the majority of my career. I've recently discovered that I have a serious aversion to time-based billing, that's been buried deep down in my subconscious for a while. Because of this discovery, I've been trying hard to break the direct bond between hours worked and income generated. The concept of value-based billing can be very appealing in this regard. The co-founder and CEO of FreshBooks, Mike McDerment, wrote a pretty interesting and entertaining eBook on the subject, called Breaking the Time Barrier - http://www.freshbooks.com/breaking-the-time-barrier It's worth a quick read, if for no other reason than to experience a different way of thinking when it comes to billing for services. Here are some of the stumbling blocks I've experienced, when trying to put value-based billing into practice - 1 - Finding the clients who are willing to take the time to hear you out on the approach 2 - Finding the clients who can appreciate the approach, however if you get through #1, #2 seems to be a bit easier, since their minds are already open enough to consider it 3 - Waiting out the time it takes to find and educate the "right" clients, as Mike describes them in the book, when you have bills to pay :) I do feel that value-based billing makes a lot of sense for both the client and the service provider. One thing that value-based billing does well is resolve the paradox between the client's goal of having a project delivered at a reasonable price and the service provider's goal of generating revenue, which, by nature, are somewhat at odds from the outset, since the client usually wants to pay for the fewest # of hours possible (whether they admit that or not, that's another story), while the service provider wants to put the time in it takes to get the job done right.

There is nothing more harmful to a good idea than other ideas. By that I mean, the inability to decide which idea is worth pursuing over others, causes each idea to suffer when trying to distribute resources in support of more than one concept at a time. Your question presumes that the most important aspect of launching an online business is to have a site built. That's only where the hardest work begins. In order to achieve any traction whatsoever, a daily focus is required to optimize a site's messaging and conversions, optimize customer acquisition tactics, and iterate based on customer feedback. The idea that a single founder can achieve by having to do what is a full day's work for one site multiplied across 3 different sites is fraught with problems. You may wish to check my recent answers as I answered a question earlier this week about how investors perceive multi-product companies and their founders. The bottom-line being the idea that this is going to produce a more attractive outcome to investors is also one that has proven time and again to result in failure. Happy to talk all this through in a call if you'd like to dive deeper.

There is a legendary example of this: Jack Dorsey being the CEO of both Twitter and Square simultaneously. Yes, it is possible to hold two jobs. It's even possible to be the CEO of two billion-dollar companies. It's far from easy, but it's possible with an extreme dose of discipline and time management. I heard Jack personally tell the story of how he managed his time at a fireside chat he did in New York. The closest I can get to an online article that talks about it is this: http://money.cnn.com/2011/11/13/technology/dorsey_techonomy/ Take a look at the way he splits the days of his week into themes. Each of his 6 working days has a purpose. Monday: Management meetings and "running the company" work Tuesday: Product development Wednesday: Marketing, communications and growth Thursday: Developers and partnerships Friday: The company and its culture Saturday: (no work) Sunday: Big picture strategy But he then goes next level and splits his time between two companies by alternating mornings and afternoons in each office. The article mentions him working 16 hour days – 8 hrs at each company – but when Jack told the story himself, he said he was splitting mornings and afternoons between the companies. Monday Morning = Twitter Monday Afternoon = Square Tuesday Morning = Square Tuesday Afternoon = Twitter Wednesday Morning = Twitter etc This might be an approach you can think of taking. It means you make it clear what your schedule is, when you will be working on different aspects of each job, and then be incredibly disciplined about sticking to the schedule so other people can accommodate and work with you.

In my companies I define a team as my in house leadership (I refer to them in all group communications as the LT or Leadership Team). My Personal Network is the collection of contacts and connections that I use to develop my business (Either through mentorship, advice or social/business connections) Our Company Network is our collective group of contacts and connections shared by the Leadership Team.

Your question is very interesting and gives me a feeling you have a real commitment for success because it makes me feel you care for your team. If this question could be fully answered in a couple of lines, you can imagine all managers and executives would lead their teams successfully. The 2 key principles to remember are: 1. Everyone is different: you have to adapt to each individual. It is time consuming but pays off in the long run because everyone has their own learning styles, speed and attitude. Take the time to have 1:1 conversations about them as individuals: likes and dislikes, under what conditions they perform best, how they learn most easily and about their career goals. 2. Create a team spirit. This is the exact opposite of point 1: as much as you recognize everyone as individuals, you have to also build unity and cohesion. There has to be standardized rules of behavior, common values and a shared vision. You have to take time with your team as a whole. This will lead you to create: 1. A personal development plan for each individual in your team, which helps you develop a tailored approach for each person, create reward & recognition systems and monitor people's happiness and performance. This helps you understand your team from a micro-perspective. 2. An organizational development plan for your start-up to give you a more global vision of the talents you need to acquire, retain and grow. This helps you understand your team from a macro-perspective. Team building requires taking time for all the different aspects of bonding: forming, storming, norming, performing, mourning. It's always about balancing two extremes: On one hand you want to take time to work together and alone, to learn & grow, to brainstorm, to create, to plan, to prepare, to research and to measure performance. On the other hand you, you also want to take time away from the office to stop & think, take time to have fun, take time to get to know each other, take time to rest & relax. Do you need any guidance to build individual and organizational development plans that will support growth and team building for your start-up?