Ask anybody who’s ever started a business – running a growing startup requires a substantial commitment of time, energy and money. Time management is critical and the best leaders spend their time effectively by working on the most important tasks while using any other tools or services to delegate and get ahead with the rest.
I know, I know. You’re a lean startup! You need to keep expenses low. Eat food out of boxes, sit on hard wooden stools, use a Pentium II laptop until you’ve raised your next round. But in reality, delaying the hire is usually driven by false humility and overreaching frugality. There are no rewards for being an inefficient CEO.
Think about it. Your single most valuable asset in the early days is your senior team and presumably nobody is more valuable than the founding team. And you’re bogged down in expense claims, booking hotel rooms, scheduling meetings, dealing with a leaky toilet, processing payroll, ordering computers, etc.
In other words, if you don’t have an admin, you are an admin.