Unfortunately, there are many small businesses, built on good ideas, with great potential, which will nonetheless fail to teach the limits of that potential. Business blogger, Rob Davidson believes he can encapsulute the number one reason for this quite succinctly as a lack of premium leadership. New entrepreneurs are by the nature of things bound to learn as they go forward. But, what they don’t already know is what established CEOs know, which is how to turn a great starter company into an even better proven company. Research and business success stories, like GE, prove that lining up great CEO material while a business is still young is what allows that business to become a seasoned pro.
- A business must know what they need to be successful for every level in their business. Not knowing what levels in the company will make the company fail due to no ideas on the level for the company.
- Companies who are just starting out, makes mistakes and not take the time to have someone to mentor them to help their company succeed and avoid mistakes.
- When a company wants to grow their business, they aren’t investing their leaders by hiring more, instead of just using their leaders that they have now.
“It is a fact in business that no company can ever exceed the combined capability of its leadership team.”