Chris Yeh has posted an excellent guest article on TechCrunch, about how to avoid getting fired from your own company, which can happen when it's doing badly, or also when it's doing well. Worth reading carefully. They key points:
- Don't get caught by surprise.
- Start planning your defences early.
- Get everything in writing.
- Constantly work with the key players.
- Realise that you are dispensable.
- The best defence is a good offence.
- Don't sign anything during the coup attempt.
- Counterattack.
Finally:
Even if you follow all of my steps, you might still get fired. The only way to be totally fireproof is to own a controlling stake in your company and have no need for outside capital, which is why I encourage founders to bootstrap as much as they can.
