Improved operating performance, advance intelligence on emerging trends, higher valuation, right tone at the top, and expansion into new products and services are typical goals for privately held companies. Well defined governance oversight from private company directors can assist business owners reach these goals.
Most business observers agree that as a company grows it will hit speed-bumps at revenue levels of $5 million, $10 million, $20 million, and $50 million. They also generally agree that most founders, CEOs, or General Managers will fail in their well-meaning efforts to take their companies over these hurdles.
High level hires can backfire as in the case of Yahoo’s Scott Thompson but using the three tools cited here, an executive hire should never blow up in your face.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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