Recently I was reminded of the post on AVC titled What A CEO Does from a number of years ago. The question is simple: what does a CEO do? While there are a number of answers, I agree that there are only three things a CEO does (from the post):
- Sets the overall vision and strategy of the company and communicates it to all stakeholders.
- Recruits, hires, and retains the very best talent for the company.
- Makes sure there is always enough cash in the bank.
Entrepreneurs would do well to keep this in mind, especially when they’re scaling post product/market fit. Getting these three things right is incredibly hard, but when it happens, it’s amazing the results.
What else? Is there anything more important than these three things for a CEO?