Peer Power Blog
This blog is about the power of peers in the IT space. It is designed as a place to share things I have learned the past 24+ years running a business as well as meeting the growing demands of business owners we experience leading the Heartland Tech Groups - a peer group network for IT business owners.
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CEO and Entrepreneurship
"The CEO entrepreneur sets a company's vision and strategy. The vision is why the company exists in the first place. The strategy is how the company plans to do that, given the reality of the marketplace, the competitors, regulation, technology trends, etc. Strategy includes everything from designing the organizational structure to defining the business model to choosing partners for the venture.
Great entrepreneurs make strategic opportunities. Great entrepreneurs use research, prediction, and detailed plans. But rather than hope to discover an opportunity, they make their opportunities. They build an ecosystem of customers, employees, suppliers, and partners who all have a vested interest in the company doing well. They experiment and learn, continuously altering their strategy — and indeed, their entire vision — as needed for success.
CEOs need to spend regular time on strategy. Furthermore, great entrepreneurs regularly assess their resources, relationships, and partnerships. Rather than simply trying to align around a single long-term opportunity, they should think in terms of creating a market and altering their vision with them to build an ecosystem that's greater than the sum of its parts".
So boiling it all down I see it this way. Many of us began our companies as entrepreneurs. We went to market with a product or service. We built an ecosystem of customers, suppliers, employees etc. We started without a lot of planning in many cases. We have built something based on hard work and pure will power. But that only goes so far. It runs out of steam and we have to move to the next level as leaders - to become CEO's that focus on strategy and planning. We have to focus on relationships and the people so our ecosystem takes us to the next level. We basically have to grow up in our leadership style. How much time have you spent being CEO this week? It is important work. Are you making and taking time to fill that role?
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