Senior leaders need to be in the market 80% of the week, either figuratively or literally.
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โข Reduce by 80% the time it takes the top team to manage the business (operational activities)
โข Refocus the senior team on market-facing activities
โข Realign everyone else (onto the same page) to drive execution and results.
From 50 employees on up, the senior leaders must develop additional leaders throughout the organization who share the same values, passion, and knowledge of the business.
Nothing is tougher and more time-consuming than having to replace people who havenโt kept up with the growth of the business.
If youโre growing 20% to 100% a year, view each quarter as if it were a year. That means possibly adjusting your strategy every 90 days.
A fundamental responsibility of leaders is prediction, and they need both frequent quantitative data and qualitative feedback from the market to make the right calls.