It’s lonely at the top. There are important issues that cannot and should not be discussed within the organization and friends and family aren’t equipped to offer relevant advice.
As a business grows and the amount of complexity increases so do the challenges that you regularly face. It is commonly recognized by recruiters and analysts that leading a $100 million company requires a different skill set than leading a $10 million company.
The more success you have the easier it is for you to become inward-looking and you begin to develop blind spots that aren’t all that evident when things are going well. In fact, you often don’t know what you don’t know and these blind spots can become devastating when things inevitably begin to shift. Having a neutral third-party assessment is a clear reality check for executives.