Bohumil Pokštefl, CEO of Kontentino, explains why paying higher salaries for senior hires produces far higher ROI than hiring junior staff.
Opinion
Pokštefl: Hiring a COO from the outside is very hard
“Because I think that hiring a COO from the outside works, but I found it kind of very hard, and you need to be fortunate to find someone who you would click immediately that you would feel that, ok, this is the partner I wanna work with.”
Insight
Pokštefl: Bootstrappers suffer from lack of guidance compared to VC founders
“With that being said, there's one disadvantage, I believe, what all bootstrappers have. We're kind of like a lonely wolves, you know, we don't have any experienced board of directors, sometimes we don't have many people we could talk with, and this is like com…”
Insight
Pokštefl: Scaling a team solely with junior employees stalls company execution
“So, the passionate people can help you start. They can help you build a foundation, the base, build a culture, but all of a sudden when you have 15 people who are all juniors with zero experience, you get yourself into a problem, because you are spending hundr…”
Disclosure
Pokštefl: Kontentino spent years failing to develop original developer into CTO
“The CTO was very talented, great software developer, but he didn't have what it takes to be a good leader. A good CTO. He didn't have the strategic mindset about things. He didn't really understand the scalability for technology and stuff like that, and we spe…”
Insight
Pokštefl: Employees can grow horizontally as experts rather than managers
“The point here is that people usually think in organization that the only way how they can grow in your organization is vertically. So when they are three years in your company, they're expecting that they will be a team leaders and managers. You know, it does…”
Insight
Pokštefl: Founders should stay in hiring but offload screening calls quickly
“You know, it's great when you're hiring from the beginning because you are building the base, the early employees, the building, the culture, and you should still be in, in the hiring process, but you shouldn't be doing the screening calls, et cetera. So, so, …”