Dennis Yu

What to do when a co-founder leaves you

Many of you know that Logan Young left us to go work for a client, Tuft & Needle.
This move would have destroyed our company since we built Content Factory around him– the speaking, training, and major relationships.
Whether or not you agree with the ethics of that, you should already have a plan in place should this happen to you.
You have to keep the ship running, which means you need a plan in place BEFORE it happens.
My mentor, Al Casey, who was CEO of American Airlines, told me that the FIRST thing he did when taking on any job, was to look for his replacement.
Well, that’s quite pessimistic, I thought– but really, it’s smart. You want to always be replacing yourself and make sure everyone else is replaceable.
This is a plan I wrote over a year before Logan actually left.

I had an inkling that he would do this since Ajay Kandala had tried to poach him before.
But I bought him a brand new Chevy Silverado and two jet skis to stay 24 months– and I assumed he would honor that.
In case he didn’t, this is the plan we had in place to protect our company.
The lesson here is “hope for the best but prepare for the worst.

Dennis Yu

Dennis Yu is a former search engine engineer who has spent a billion dollars on Google and Facebook ads for Nike, Quiznos, Ashley Furniture, Red Bull, State Farm, and other organizations that have many locations. He has achieved 25% of his goal of creating a million digital marketing jobs because of his partnership with universities, professional organizations, and agencies. Companies like GoDaddy, Fiverr, onlinejobs.ph, 7 Figure Agency, and Vendasta partner with him to create training and certifications. Dennis created the Dollar a Day Strategy for local service businesses to enhance their existing local reputation and make the phone ring. He's coaching young adult agency owners who serve plumbers, AC technicians, landscapers, roofers, electricians in conjunction with leaders in these industries. Mr. Yu believes that there should be a standard in measuring local marketing efforts, much like doctors and plumbers need to be certified and licensed. His Content Factory training and dashboards are used by thousands of practitioners.

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