This post is a response to Bryan Caplan's request that I share my experiences cutting wages. It was not fun. While I was CEO of MetaMed, we were continuously short of revenue. We started the company thinking we would be able to sustain ourselves through sales, but those sales did not materialize. In order to survive long enough to give the sales force a chance, we needed to cut pay.
On Cutting Wages
On Cutting Wages
On Cutting Wages
This post is a response to Bryan Caplan's request that I share my experiences cutting wages. It was not fun. While I was CEO of MetaMed, we were continuously short of revenue. We started the company thinking we would be able to sustain ourselves through sales, but those sales did not materialize. In order to survive long enough to give the sales force a chance, we needed to cut pay.