Archive for September, 2010
This was the first real book I read as CEO. This book was purchased for me by a fellow Vistage member. It serves as an excellent introduction to corporate finances, which, unless you are coming from a finance or business background, any New CEO needs to learn about. The book is an excellent introduction to financial terminology and concepts, even though it is pretty basic.
Welcome to my blog on becoming a CEO. This is not your ordinary how-to. I am not going to be telling you how to become a CEO in five quick and easy steps, nor will I be telling you to work hard and dedicate years of service to the corporation of your choosing. Instead, I will be talking to the people who, like me, have made the easiest decision in their life to do the hardest, scariest thing ever – become a CEO.
My father started our business in 1993. I was always involved in some way. When I was young, I’d beg Dad to let me wash dishes, and he’s throw me a $20. At 15, I was put on payroll and started as a dishwasher. Then I was cooking, becoming a Buffet Attendant, and then a Server. When I came back during vacations from college, I started to be management and work in the office – or where ever else I was needed. After college, I would work when they absolutely needed me.
I went to school to become an engineer, and settled in with a large company after college. But the work I found wasn’t challenging and I was bored out of my mind. My father tried to fit me in the family business somewhere, but I wasn’t well qualified for anything.
Then, in October of 2009, my dad fell ill. By the time a diagnosis was reached, Dad was in and out of conscienceness, and was given only a few weeks. He passed away 5 days later.
This left us no time to talk about the business, but I knew that I had to take Dad’s place – as tragic as it was, it was an opprotunity for me to do something different, and I wanted more then anything to keep this part of Dad alive.
So there I was 25, with an engineering background….and CEO of a multi-million dollar company with a handfull of full time people, and about 60 part time employees.
Right now, it’s been about 10 months. By no means am I an expert at being a CEO, but it was brought to my attention the other day that this happens more then you would think. So I want to accomplish a few things:
I want to help New CEOs who were thrust unexpectedly into the position like I was.
I want to help potential New CEOs do their homework while they have time.
I want to help departing CEOs get their company ready for the New CEO.
Please take everything I say with a grain of salt, and always seek appropriate legal counsel if needed.