Your constraint is limiting your profits. But despite this fact, companies often focus on the wrong things – like cost cutting, product costing or cost accounting, and efficiency. If you really want to maximize profits your focus needs to change.
There are different types of CEOs. Most are baby boomers. Most will have to sell their business in the next 10, at most 20 years. While in business, the CEOs who spend a significant amount (25%+) of time IN rather than ON their business – experience ‘pain.’
Entrepreneurs often fail to make the time to work “on” their organizations; learning how to protect competitive work from the every day “necessary” work; and to build organizational models that can scale.
Like all others humans, leaders behave in certain ways in certain situations. Often, they display simple behavioral tics – bad habits they repeat dozens of times a day in the workplace, and which ultimately diminish their ability to lead.
You may have bought into the myth that operating a business requires exceptionally long hours, lots of hard work, and sacrifice. While that’s clearly true in the early stages of a business life cycle, owning or operating a business should not be viewed as a life sentence of hard time.