“In a hierarchy, every employee tends to rise to his level of  incompetence.” 

– Dr. Laurence Peter

 

• Changing of the Guard/Exit = when a business that has reached a point where the ownership has done all it can.
• Founders are most often like the launch of a rocket where 80% of the fuel is spent just breaking out of the atmosphere.
• Priority = Recurring Revenue Models
• The smartest entrepreneurs know when to cash in
  • Slower or reluctant to make decisions
  • Lacking clear and consistent delegation
  • Inability to find good talent
• Lengthen your gaze (leaders need to lay tracks further down for others to follow)