☛ Setting strategy:

The strategy and vision for the company determine where everyone will focus their efforts. Find a vision and strategy and use it to align your entire company.

☛ Creating the corporate culture:

Your culture will determine what people do and do not try, who will stay, who will leave and how business will get done. Culture starts with you. Decide how you want people to act and start modeling the behavior publicly.

☛ Capital allocation:

Every dollar you raise and spend should produce more than $1 of return for the company or it is a waste of money. Learn how to make these judgments.

Hiring and Firing:

☛ The job of executives is primarily team and culture building. Hiring and firing are must-have skills. Read, take classes and review past hiring successes and mistakes. Do whatever you can to hone your abilities.