One of my key lessons learned about being a CEO and small business owner comes from Chris Gardner, author of the book and subject of the Will Smith movie “Pursuit of Happyness”. In a reception of Inc award winners a few years ago, he shared that running a business ultimately requires you to be willing to cover payroll out of your back pocket. I’ve done that more times than I can count over the years, so at least by that criteria I suppose I have what it takes to be CEO of my business.

As I continue to coach the expected successor of an @Vistage member company in what it takes to be CEO, I’m guessing this isn’t the critical lesson he needs to learn. This individual was recently promoted to COO from his previous VP of Sales position, so gaining insights into what it takes to be a C-level leader, however, will be a valuable step towards his continued success. So how do I share these kinds of insights with him? Invite him to lunch with another @Vistage member I hold in very high regard of course so that he can learn for himself directly from one of the most successful and knowledgeable CEOs I know. Read more ›



Do you have any idea how rare it is for family businesses to successfully pass the baton from generation to generation? Just making the transition from one CEO to another in a corporate environment is hard enough. For most family and closely-held businesses, it’s nearly impossible! 



