đđźYour 5 âForever OKRsâ
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Enjoy the 76th Podup with the best bits from Wish I Knew.
Itâs tough being a CEO. Everyoneâs relying on you in some shape or form. Steven Galanis, co-founder and CEO of Cameo, finds structure and solace in these 5 leadership principles.
Never forget these principles
Bing Gordon is a legendary CEO coach. He gave me a framework to manage the company. He said the top CEOs do 5 things and 5 things only. They focus on:
Product market fit
Their executive team
Mission, vision, values
Communication and alignment
Keeping the lights on
He calls them âForever OKRsâ. No matter what the year is, youâve got to nail these 5 things.
Steven Galanis
Why it matters
Embracing these 5 âForever OKRsâ is essential not only for CEOs but for anyone in a leadership role. Balancing these aspects is challenging, as you may excel in one area but struggle in another.
For example, you may be great at ensuring product market fit but face difficulty in fundraising, or you may assemble an extraordinary executive team but overlook the importance of monitoring your burn rate.
Itâs important to recognize your weaknesses and build a complementary leadership team to bridge these gaps. This level of self-awareness and humility is fundamental for building a robust and resilient company.
Next steps
For CEOs: Build a culture where leaders can express their concerns and cover your blind spots. Foster an environment that values honesty and personal growth. If youâre less proficient in any of the âForever OKRsâ, ask one of your executives to take responsibility for this area if it aligns with their strengths.
For Executives: If you notice your CEO struggling in any of the âForever OKRsâ, itâs crucial to approach the situation tactfully. Focus on the companyâs collective benefit rather than on personal criticism. If the CEO doesnât agree with your perspective, proactively support them in this area and regularly share ideas for how the company as a whole can improve.
Your thoughts?
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Quotes were pulled at different points of the episode. Sentences were left out to make the narrative more concise. Podup is not associated or affiliated with any podcast.