I’ve helped a few of my SilverCircle clients get general managers or CEOs for their business. But in every case, they’re on a fairly good base salary and the performance quotient.
Usually, you’re going to be looking at paying around $100,000, or $120,000, probably no less than $80,000. And probably no more than $125,000 for a really good general manager of a proper seven-figure business with incentives. So it’s probably going to be hard to get someone to do it on that basis.
But there are other options for you. For example, you might consider a fractional integrator. Because I really think the business founder is still a good person to have the strategy and to grow the business. And what you’re often missing as a visionary is someone to go and execute.
So I’ve been helping someone. I’ve actually partnered with a fractional integrator, and he goes into businesses, and he just makes the trains run on time. He says, Right, tell me about your railway. He finds out who all the people in the business are. He uses a system like ClickUp, and then he gets things happening. So the visionary, the owner, says what the vision is and what they want to happen, and then the integrator goes and operates with all of the people in the business and makes it happen.
And the best thing is, that’s usually paid as a fixed fee, and that’s usually thousands per month, and that’s it. They don’t have to take a revenue share deal. So that might be an option for you if you want to keep one foot in the door and not have to give away revenue.
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