Being a CEO is no easy task. You may feel the weight of the entire company is on your shoulders and there’s no one you can speak to about it—especially not staff members. Feelings of loneliness and isolation can begin to weigh heavily on you, especially when you are ashamed of your failures. The good news is that you don’t have to feel this way forever. There’s a solution: CEO peer groups. A CEO peer group will supply you with a safe place to discuss your fears and failures with like-minded individuals. Believe it or not, failure is an important part of being a leader. It oftentimes will help you learn more about yourself than your successes will.
Smart leaders fail every day, whether they’re placed in a new role, face expanded responsibilities, or must adapt to a new culture. The top reasons for failure are a mixture of self-inflicted wounds and a breakdown between the leader and the company, such as misaligned expectations, failing to adapt, underestimating the power of relationships, and lack of self-awareness.
Some of the most highly regarded leaders by today’s standards—Warren Buffet, Tim Cook, Jamie Dimon—are also very honest about their failures and vulnerabilities. They’ve publicly taken responsibility for their mistakes and weak spots. But while failure is an important part of growing as a leader, it isn’t always so easy to admit your faults. Vulnerability sheds light on what you have to lose, and many times that feels like weakness. However, downplaying shortcomings can make you feel even more vulnerable and alone. This leads to physical exhaustion, information overload, or emotional burnout. Addressing vulnerabilities, however, often leads to the introspection required to adapt and right the situation.
In a peer to peer group, you’ll be surrounded by like-minded individuals who have either went through what you’re going through or are currently experiencing it themselves. They won’t judge you, make you feel weak, or tell you you’re a failure. A CEO peer group will listen carefully, think thoughtfully, and provide helpful insight that will give you more confidence in decision-making. You’ll be able to thrive in your position and do the best for your company. Members of peer groups truly enjoy challenging and supporting one another, while also holding each other accountable. And once you join, you’ll enjoy doing the same for them.
With a peer group, you’ll experience a “board of directors” environment without the fear of being punished for perceived failures. Meeting regularly, the group will discuss business issues, resolve current issues, and help you challenge your assumptions so you can ultimately experience personal growth. They sit in the same chair as you every day of the week, so they know what you’re going through; they face the same issues, challenges, and opportunities that you do. With a peer group, fresh perspectives will help you stop the second guessing. A solid sounding board will leave you feeling empowered, not weak. Discuss your fears and failures in confidence, knowing that the members of your peer group are taking the time to invest in you and speak with you honestly and confidentially.
So what are you waiting for? Stop worrying over issues and wasting time on the things that will only eat up your time and energy, and instead gain solutions that will drive results. Join a peer group today!