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How to INCREASE YOUR WEALTH without having a mental breakdown...

Name: How to INCREASE YOUR WEALTH without having a mental breakdown...
Uploaded: 2022-05-09T21:00:14+00:00
Duration: 59 s
Channel: Shanli Liu, CPA, CTP
Description: In this monologue, the speaker argues that founders and CEOs who try to control every aspect of their company create an illusion of control that…

9 May 2022 · 1 min

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In this monologue, the speaker argues that founders and CEOs who try to control every aspect of their company create an illusion of control that ultimately leads to personal burnout and a dysfunctional business. By positioning themselves as the “glue” that holds the organization together, they prevent the exposure of weak links and hide systemic holes. The speaker stresses that the true role of a CEO is to build a sustainable business, not to become the business itself. To achieve this, leaders must delegate, allow problems to surface, and accept that some failures are necessary for growth. Over‑stretching one’s involvement disserves the company and makes it impossible to sell or scale.

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If I was involved in everything, there would literally be no problem, or at least no perceived problems, because I would give myself illusion of control over the situation. And then I realized it wouldn't. There would still be problems. I would just feel like I had control over the problems. If you like to be very involved and you feel guilty when you're not, if you decide that everything will break if you are not involved, then guess what breaks? You freaking break. That's actually what happened. You're like, oh, I want this system to stay glued together, I'll just be the glue, and then you break. Eventually, if you are involved in everything, you do not have a business. And what most people do is that they involve themselves in everything to prevent problems from happening and to prevent holes. But the entire point of being a CEO is to build a business, not to build yourself into a business. In order to build a business properly, you must expose the holes. How are you going to know what the weak links are if you're in there every day? You are disserving your business in the long run if you overstretch and overcompensate with yourself to make the business run. It will not be a business. Try and sell that thing. They're just going By you.