The Power of Peer Advisory Groups: Transforming CEOs into Great Leaders
In a recent episode of *The Thoughtful Entrepreneur*, host Josh engages in a compelling conversation with Jim Schleckser, the CEO and managing partner of The CEO Project. Schleckser, an expert in creating peer advisory groups for CEOs and author of the book "Great CEOs Are Lazy," shares his profound insights on the unique challenges faced by CEOs, the importance of effective leadership, and strategies for fostering a high-performing team. This blog post delves into the key themes discussed in the episode, offering actionable advice and thorough explanations to guide CEOs and aspiring leaders.
Schleckser introduces the concept of The CEO Project, emphasizing that CEOs are not fully formed leaders upon taking their roles. Instead, they must continuously work on their development. The CEO Project focuses on building peer groups—mastermind groups—composed of CEOs with similar business sizes and complexities. These groups are paired with experienced CEO advisors who guide them in making critical business decisions. Key takeaways include the necessity for continuous development, the value of peer groups for sharing experiences, and the importance of having seasoned advisors to navigate complex business decisions.
A central theme of the discussion is the idea of the "kink in the hose," representing the point of constraint in a business that hinders growth. Schleckser explains that every business has a point of constraint that controls its overall performance. Identifying and addressing this kink is crucial for CEOs to unlock their company's potential. He also highlights the significance of having A+ players within an organization, stressing that attracting such talent is a personal responsibility of the CEO. By focusing on identifying constraints, attracting top talent, and leveraging peer advisory groups, CEOs can enhance their effectiveness and drive their organizations toward success.
About Jim Schleckser:
Jim has guided hundreds of CEOs to profound business and profit growth across multiple industries. Leaders wanting to grow to the next level seek his insights into CEO effectiveness. Jim offers a distinctive CEO advisory program that combines peer group work sessions with one-on-one advisory sessions, all led by former CEOs. These curated advisory boards provide CEOs with rare, unbiased, and valuable guidance
He created the "Lazy CEO" concept, emphasizing focused efforts, efficient delegation, and time management to drive business change and growth. The creative tools to identify your business constraints and the high-leverage roles of the leader are learnable and teachable to your team.
By providing a group of High Caliber Peers, an Experienced Advisory group with decades of experience, and a Comprehensive Approach, the CEO Advisory Group Framework is a formula for success!
About The CEO Project:
The CEO Project is a business advisory group for experienced CEOs seeking challenge and collaboration from peer CEOs.
We guide hundreds of high-performing CEOs, many in the Inc. 500 / 5000 and recognized as E&Y Entrepreneurs of the Year, through a disciplined approach to tackle the most difficult issues that delivers breakthrough thinking to resolve constraints, drive growth, and improves critical decisions.
Your experience is guided by Advisors who are former CEOs of scaled organizations. They follow an efficient, disciplined approach to achieving strategic clarity, identifying critical points of constraints, and removing those constraints.
Many of our CEOs have been members for over five years with financial performance 2 to 3X their peers and have integrated the The CEO Project process and tools as a core part of their leadership and management system.
If you are a CEO who is driven to achieve profitable growth for your company while raising your own level of performance, contact us to learn more: www.incceoproject.com
Apply to be a Guest on The Thoughtful Entrepreneur: https://go.upmyinfluence.com/podcast-guest
Links Mentioned in this Episode:
Want to learn more? Check out The CEO Project website at
https://theceoproject.com/
Check out The CEO Project on LinkedIn at
https://www.linkedin.com/company/theceoproject
Check out Jim Schleckser on LinkedIn at
https://www.linkedin.com/in/jimschleckser/
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