CEOs sometimes suffer from insomnia, worrying about the future of their companies. As the bus rolls along, are some of the wheels coming loose? While you’re lying awake at night, ask yourself these key questions.
Cal Lai, CEO of Sitoa Corporation, found out that risk and reward are always paired: high reward opportunities have high risk. Consider how extreme optimism and enthusiasm for a start-up can affect your personal life.
Ola Robert Hassan, Founder of Ola’s Exotic Coffee and Tea, discovered that people who feel like owners tend to work harder for less. He has used this to great advantage in building a motivated team. But there are risks involved in giving the wrong candidates too much equity too early.
Founders of companies display a passion that their successors may not. Partha Sarathy of Aztec Software had to deal with just such an issue as he chose to bring in his own replacement.
Robert Sher is founding principal of CEO to CEO, a consulting firm of former chief executives that improves the leadership infrastructure of midsized companies seeking to accelerate their performance. He was chief executive of Bentley Publishing Group from 1984 to 2006 and steered the firm to become a leading player in its industry (decorative art publishing).
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Book Robert To Speak
Forbes.com columnist, author and CEO coach Robert Sher delivers keynotes and workshops, including combining content with facilitation of peer discussions on business topics.