Advice for CEOs

One of the most valuable assets that everyone has access to is the mistakes you have made—if you can honestly assess the lessons they can teach you and apply them the next time you face a comparable situation. This principle is particularly true for CEOs, whose mistakes can hurt the future of their company, their employees and customers and even their communities.

Rick Williams, a partner in Newport’s New England practice, recently published this article on the web site of the Boston Business Journal.

Some of the best advice that a CEO can get is from those who have walked in their shoes. We asked a group of CEOs who happen to be partners in Newport Board Group: “What is the best advice you could give a CEO trying to take their company from $5 million to $25 million in revenue?” In our next several blogs we present their responses.

In a previous article, we discussed the outlook for employers and healthcare, now that the Supreme Court has ruled that the Affordable Care Act (ACA) is constitutional. In particular, we believe that the newly institutionalized ACA gives employers leaders a clear choice between only two options:

Sunday, May 18, 2014, a profile of a business turnaround featured Newport Northern California Partner and retail industry expert, Helen Bulwik. Helen appeared on the popular MSNBC show Your Business, giving expert family business advice to a family-owned business in Monterey, CA.

In the last two posts in this series, I discussed key account management as a revenue growth strategy and presented a step-by-step approach to building key accounts. It is important for emerging growth companies to identify, penetrate and widen their sales to customers they target for growth.