Being a CEO (What they don’t tell you)

The media glamorizes these high-power CEOs without actually revealing what goes on behind the scenes.

_________
00:00 - Intro
01:12 - You are no longer paid to do things, but paid to hire smarter people than you
01:48 - Your goal is to build a company that runs better without you
02:25 - You’re a psychologist
now playing with carrots
and sticks
03:24 - It’s never the new thing that will get you there, but doing the basics better than you do now
04:23 - You have 3 jobs in this order: cashflow, vision, people
06:12 - The fastest way to millions is to hire the right people
07:22 - The fastest way to misery is to hire the wrong people
08:43 - If you talk to your customers you get there twice as fast
09:51 - Working harder does not lead to more money
10:32 - The path to glory leads through you
11:32 - Regular cleaning is a must
12:44 - Regular reminders to what is important are a must
13:45 - Employees look to you
to set the pace - so it’s 60-80h+ for you
14:30 - The only people who can relate to you are other CEOs of similar size companies
15:37 - You are one hire away from a happier, richer and more stress-free company

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[hotkeyafl]

00:00 - Intro
01:12 - You are no longer paid to do things, but paid to hire smarter people than you
01:48 - Your goal is to build a company that runs better without you
02:25 - You’re a psychologist
now playing with carrots
and sticks
03:24 - It’s never the new thing that will get you there, but doing the basics better than you do now
04:23 - You have 3 jobs in this order: cashflow, vision, people
06:12 - The fastest way to millions is to hire the right people
07:22 - The fastest way to misery is to hire the wrong people
08:43 - If you talk to your customers you get there twice as fast
09:51 - Working harder does not lead to more money
10:32 - The path to glory leads through you
11:32 - Regular cleaning is a must
12:44 - Regular reminders to what is important are a must
13:45 - Employees look to you
to set the pace - so it’s 60-80h+ for you
14:30 - The only people who can relate to you are other CEOs of similar size companies
15:37 - You are one hire away from a happier, richer and more stress-free company

[Kevinhertzog-c]

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Lee Davis .

[folorunso]

This is by far the best episode this year for the majority of this community. The Alux community is probably 70% CEOs of different levels and 30% intending CEOs or intra-preneurs. This is an amazing piece of content. Alux contents have been kinda average for me in the past couple of months. This brought back the "premium alux experience" for me. Bookmarked it already! I need to watch this EVERY MONDAY morning for the rest of the year. Keep up the great work guys 🔥🔥💪🏾

[Peteryuuu]

*Great video! I really do have a question. For someone with less than $10, 000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?*

[hugh]

In an interview Mark Cuban ALREADY A BILLIONAIRE said he himself picked up the phone and called ticket holders when he bought the Mavericks. He also says he regularly picks up any trash on the Mavericks property.

[HotdogJuice]

Many self made CEOs were actually B and C grade average students. They don't grade "people skills, " a very important skill set if you want to get ahead, in schools.

[LucybarreraAlvarez]

Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject..Thanks to Laura Ferguson the lady you recommended me

[DreamChaser-lv]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it, "I pray that anyone who reads this will be successful in life

[JuusoVaisanen]

For the newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's the sad truth. I remember when I just got into crypto back in 2019 but later in 2020 | ended up selling it because I have lost alot trading all by myself without a guide. Got back into crypto early in 2023 with $10k and I'm up with $128k in a short period of time.

[stevenporter]

12:26
It cuts the other way too. Employees being paid below market that will leave for the competition.

[deantan]

I dont know about cost cutting too much.

Most companies fall to the loop of expanding too fast. Then firing alot then missing the next wave because there is not enought staff.

Growing sustainably is the key...

[DennisSokolov-wssm]

I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but I'll also have at least one pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Retiring comfortably in the US these days is almost impossible. I honestly don't understand why people don't move to another country when they get older in retirement. It seems everybody has excuses for almost anything to not take action to better their situation.

[sibairwavincent]

The journey appears very hard, especially to us startups without cash flows, it makes the vision unclear and you fail to hire someone. How could a start-up entrepreneur break this?

[realname]

Im a director for a small bakery in Jamaica 🇯🇲. I just wanna grow it to be one of the known bakery in the country and then the Caribbean. 😅😊

[LeadershipEvolutionAcademy]

Take care of your people and they will take care of your business.
- Developing them,
- attracting the best talent with benefits,
- crating a great culture
- and clear career growth,
- personalizing your approach to each direct report.
- understanding human behavior.
- systematize repetitive tasks.
- measure what matters. (Relevant KPIs to make the right people accountable)
-incentivize based on those metrics.
- clear expectations
The secret is to attract and hire the best. Treat them well and they will make your biz grow.

[ayrtonlorenzety]

Great video. Thanks so much for bring such valuable knowledge constantly.

[axlwinehouse]

Great video. The ALUX team never disappoints.

[ragus]

Hi,

There is a very big difference between the Founder-and-CEO of his/her own company is completely different from the CEO of an other's company.

The roles and responsibilities, money, power, vision, stability everything will be different between these two category of the CEO's.

When you say CEO, please separate these two categories and put your points. Please dont generalize them into a single basket.

[pyootchnich]

I grew a company from 0 to 500 people.
watch your back.
Some of your employees will try to claim credit for your good ideas. Politics will be played. Especially when you grow and begin to hire corporate types who have experience with this.
Oh, and your siblings and friends will try to tear you down because you have outpaced them.
Enjoy!

[liveonce]

I failed 2 times as a working investor. Was wondering how both business failed. Then I realized that I had to be in full control over products, service, marketing and networking. I learn from the past mistakes and decided to continue the failed business I was apart of for 5 years. It is ok to start over. This time I am starting from experience.