CEOs are often bombarded with little voices in their ear asking, “Am I reaching the best markets?”, “Is my management team capable of taking us to the next level?”, “What about my business model?”, “What changes do I need to make?”, and finally, “Do I have enough money?”. There are only so many hours in day for a CEO to keep up with everything.
Studies show that 85% of what keeps a CEO up at night is cash flow related. These thoughts often confuse or overwhelm many CEOs. It’s lonely at the top. You don’t have anyone to talk to. It shouldn’t be so hard to run a successful business that is increasing shareholder value.
The best CEOs have figured out that the benefit of a board of directors or, for a smaller business, a personal board of advisors, is critical to their success.
Read more: https://theprofitabilitycoach.net/blog/exceptional-ceos-board-engagement-mindset/