3 Comments
User's avatar
Alex Randall Kittredge's avatar

So important to be reminded of the structural forces in business at the outset. I am reminded of the sage business and career advice from Peter Drucker:

"There is nothing quite so useless as doing with great efficiency something that should not be done at all." -- Peter Drucker

Jeff Bode's avatar

John, the line about retainer or advisory turning the founder into the client’s employee without the salary, equity, or exit is painfully precise. That failure mode explains why some “stable” service businesses start feeling like a bad trade. Naming the trap that clearly makes the model choice feel a lot less abstract.

Mike Goitein's avatar

Powerful stuff - the headline says it all.

Most people pick the business model without understanding the implications for their lifestyle and expertise.