How does running a $5 million company compare to leading a $50 million or $500 million business? Does it require the same skills?
The answer is clear: as your business grows, so does its complexity. Leading larger teams, competing with top-tier rivals, managing risks, and dealing with public scrutiny—all demand advanced leadership skills. That’s why the average Fortune 500 CEO earned $10.5 million in 2012. Bigger businesses require better leaders.
Grow Your Business
If you’re aiming to scale, you have two choices:
- Help your leadership team grow their skills individually or as a group.
- Replace them with higher-skilled leaders who fit your culture.
If you have the budget to upgrade your team and a proven system to attract and hire people who fit your company culture, then knock yourself out!
However, star players don’t always make the best team. Leicester City proved this in 2016 by winning the Premier League over clubs like Manchester City and Chelsea. And who could forget the “Miracle on Ice,” when the US hockey team edged out the “unbeatable” Soviets in the semifinals of…
