So few people read after they leave college, but when you research the world's richest people, you find that they read all the time. They are constantly learning new things. As advancements in all areas of life continue to make changes in the way we as entrepreneurs run our businesses, it is important that we keep up. Actively focus on seeking out coaching and education that will help you break through your current stage of business and reach the next level of success.
Set the vision
It is your job to set the vision for the company. What will this company be like three years, five years, and 10 years from now? What new products or strategies will you develop? How will the culture be at your company 12 months from now? You have to set the vision for the future of the business - this task can't be delegated.
Create the strategy
As CEO, you have to help develop the strategy to make the vision become a reality. You don't have to be an expert in all areas that require strategy, but you need to be involved in the planning or approval process for any areas that affect the overall long-term vision of the company. This can include items like goal setting, culture, sales and marketing, etc.
Watch your cash
Your job as CEO is to make sure you never run out of money. This may seem like a no-brainer, but so few people truly have a handle on the financials of their business. Even if you have a CFO, it is still your job to make sure you never run out of cash. Check in on your records thoroughly and often. If you want to be successful in the long run, you have to be aware of your cash flow now.
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