A CEO does these three things:
- Sets overall vision and strategy of the company and communicates it to all stakeholders.
- Recruits, hires, and retains the very best talent for the company.
- Makes sure there is always enough cash in the bank.
I love this and I love the simplicity of this list. You can read the post and the really helpful comments for some even other great insights.
It’s tough to grow a startup. Talent is limited and not readily available, often because those who are capable are already busy doing great things in other ventures.
And the right talent to not only survive but thrive in a startup environment is hard to pin down and classify. Often times I know with more certainty what doesn’t work instead of what does work, if that makes sense.
I liken it to the eternal question that you’ve asked (and been asked):
When I read Max Schireson’s blog post on why he was stepping back from the CEO role of MongoDB I was really impressed by not only his perspective but his transparency.
Sure, he may have disqualified himself from many opportunities but I think that level of transparency disqualifies him from the wrong type of organizations and ventures so he has not lost anything in being honest and forthcoming.
I have often put my business first and my family second. This goes for not just my beloved bride but also my two wonderful kids. They have often gotten the short end of the stick.
Lol. Isn’t it so (sadly) true?
Starting a startup has become much, much easier over the last decade, especially when it comes to technology and software-driven ventures.
Spinning up a virtual server, plugging into a near-infinite number of APIs, and waxing a little code can have you more than just a working MVP – you could have the makings of a legitimate and financially growing business.
This has created more options for more people to start their own company and also created more volume of choices for consumers. Have a solution for X problem? Get in line as there are 1,000 other companies doing the exact same thing.
I have long been aware of the power of meditation but I have not always practiced this discipline with the consistency required to have the full impact of its natural benefits.
It was in college where I began this practice of spending my mornings in silence, alone with my own thoughts and feelings and all the mess that truly lies within. All my fears, my anxieties, my anger and frustration would boil to the surface along with my hopes and dreams and the emotions that surround family, friends, and loved ones.
It would be a sea of noise that, eventually, would quiet down into what I can only describe as pleasant nothingness. This took time and practice (like most things) and although I had found a nice steady-state it’s not something that’s easily mastered.
Here are 5 culture / business things I’ve been thinking about, in no particular order: