never buy executives — rent them instead
"Hiring an exec is like buying a super yacht — expensive, high-maintenance, and mostly just for show. Just rent the boat when you need it."
rent executives (never hire them)
you cannot hire the best execs — but you can rent almost anyone for 1-2 days a month. The very best execs do NOT want to work for your company (unless you are one of true outliers). Accept that.
the best execs are super strategic — but they no longer want to do the grind that they did when they are younger. so let them ONLY be strategic and hire a super hard-working learn-it-all to run the day-to-day org. rent a CFO (or rent three CFOs) and have someone super competent execute full-time.
"Hiring an exec is like buying a super yacht — expensive, high-maintenance, and mostly just for show. Just rent the boat when you need it."
"Think of top execs like Airbnb mansions — you can’t afford to own one, but you can absolutely throw a killer weekend strategy session."
"Hiring a full-time exec is like buying a timeshare in 2007. Don’t do it, bro."
X of the week:
I agree Auren. When I was getting ready to leave my last CIO role instead of looking for another, I decided that I could do the best, most interesting part of the job as a fractional CIO and advisor. I left a great CIO role, working with some of the smartest engineers and scientists in the world. But after just a few months I'm finding the opportunity to learn more, do more and help more people!
Totally agree. It’s a big reason why we launched the subscription feature on Intro (intro.co/marketplace)