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Valuetainment

Episode 315 - 15 Mistakes I Made As A CEO

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 7 June 2019

⏱️ 23 minutes

🧾️ Download transcript

Summary

Episode 315 - 15 Mistakes I Made As A CEO by Patrick Bet-David --- Support this podcast: https://podcasters.spotify.com/pod/show/valuetainment/support

Transcript

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0:00.0

30 seconds.

0:01.0

One time for the underdock.

0:04.0

Ignition sequence star.

0:07.0

Let me see you put them up.

0:09.0

Reach the skies, touch the stars up above because it's one time for the underdow

0:15.0

I'm Patrick Beady host a team and today I'm going to share with you 15

0:20.1

mistakes I made as a CEO.

0:22.3

Let me get into a point number one.

0:24.0

Not understanding the pendulum of decision-making process.

0:27.0

Let me explain to what I mean by this.

0:28.0

When you're first getting started,

0:30.0

you have to touch 100% of your decisions because you're the only employee.

0:35.0

You don't have a lot of other people.

0:36.5

Maybe you may have five employees, maybe that 100% of decisions goes to 90% of decisions,

0:41.8

80% of the decisions, 70% of the decisions.

0:44.8

The goal is to eventually get to 10% of the decisions for you to make.

0:49.0

So why 10%?

0:50.1

Because you have built the right amount of leaders and they're taking responsibility for 90% the decisions and you're around the 5 to 10% mark.

0:57.3

Now why is that?

0:58.6

Some people like to know and make decisions for everything where you're not really building leaders and

1:03.4

sometimes your leaders don't like that because you're not showing enough trust into them

1:06.8

and knowing that they can do it and that's one of the mistakes you can make too early on but also

...

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