Cameron Herold walks through a 5-minute SWOT where you ask your management team to list your three strengths, weaknesses, opportunities, and threats. The aggregated answers show you blind spots, missed strategy, and whether you need a second-in-command.
Chapters
In many cases, women call on their intuition and personal relationships, and then they somehow discount intuition. In the business world, men really don't call on their intuition anywhere near enough. We have a human computer inside us that tells us to think. So I think if we were slowing down and listening to our intuition, those are really good data points. So if you feel, as an entrepreneur, like you're not doing enough around strategy, you're probably not. If you feel like you're missing opportunities, you probably are. If you feel like you're working on all these areas of the business that you suck at, it's probably true. If you listen to your team and some of the frustrations they have, they're probably right. If you gave every member of your management team five minutes instead, I want you to write down three strengths, three weaknesses, three opportunities, and three threats facing the business related to me as the CEO. What are my three strengths? What are my three weaknesses? What are my three opportunities? What are my three threats as the CEO? And you take the comments that they give you. Those are really good data points that often show you that, yeah, hiring a second in command now is probably the right time.
