A common complaint among CEO’s is that they’ve hired talented people – people with great potential – who won’t or don’t step up the company’s greatest challenges. They expect to be told what to do and how to do it.
Recently, I had lunch with a 30-year-old guy who was seeking advice. He flattered me, saying that he was reaching out to successful people to get the benefit of their wisdom. He told me his goal was to have $10 million in the bank by the time he reached the age of 40.
“How do you plan to achieve that?” I asked him.
“I don’t know,” he replied. “I’m still working on that.”
“That’s $1 million per year,” I said. “What’s your plan for this year?”