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Classically trained CEO's don't use the language of makers. They use language that describes cashflow, savings, and debt. They are accountants at heart (who a
by danesparza 6y ago
Classically trained CEO's don't use the language of makers. They use language that describes cashflow, savings, and debt. They are accountants at heart (who are beholden to shareholders -- not their employees).
Just look at the language used to describe a successful CEO 'sprinter' by Harvard Business Review (https://hbr.org/2018/01/the-fastest-path-to-the-ceo-job-according-to-a-10-year-study https://hbr.org/2018/01/the-fastest-path-to-the-ceo-job-acco...) :
"In his late twenties, “James” was hired in a strategy and business development role inside a multibillion-dollar marketing and communications business. Early in his career, he was offered the chance to build out one of the new businesses. It felt like a demotion, or at best a lateral move, to be handed a blank org chart and a highly uncertain future. “It was zero revenue when I stepped in, and we built that business to $250 million,” he says. By building a new business from scratch, he picked up essential management skills, such as running a P&L, managing a budget, and setting a strategic vision — all critical prerequisites to becoming a CEO (over 90% of the CEOs we studied had general management experience). Thirteen years later, he found himself the CEO of a $1.5 billion education and training business."
- otoburb 6y ago>>They use language that describes cashflow, savings, and debt. Without such language and understanding, founders will have a harder time sustaining their endeavours. Such concepts apply whether you're bootstrapping, taking investor funds, or just an indie builder.
- jimbokun 6y ago> They use language that describes cashflow, savings, and debt. If you want to have an actual company that can continue paying your salary, somebody better have a good handle on those things.