Summary of Bill Valway’s leadership interview
- Leadership Mentor/Role Model: Richard Branson, for his perseverance through uncertainty and challenges, especially during the early years of his business. His ability to overcome struggles and eventually sell his company for $1.3 billion inspired Bill, teaching him the importance of resilience in business.
- Surprise About the Leadership Position: Bill was surprised by how much personal growth was required to be an effective CEO. He has had to continuously evolve and improve as a leader, becoming a different person every few years to meet the demands of his role.
- Biggest Leadership Lesson Learned: Bill learned that holding high standards for his organization is essential and unwavering. Those who align with these standards will stay, while others will leave, but maintaining these standards is crucial for success.
- Best Leadership Decision: Bill’s best leadership decision was to embrace high standards and remain steadfast in upholding them, which has had a lasting positive impact on the company.
- Worst Business Decision: Bill regrets holding onto employees for too long due to his own insecurities and fear of change. He learned that letting go of people when necessary is important for the health of the business.
- Excitement About the Future: Bill is excited about how his growth as a CEO and the opportunities available to the company are coming together at the same time. He sees a critical mass where his skills and the company’s potential are intersecting, and the vision is coming to life.
- Advice for Aspiring Entrepreneurs: Bill advises entrepreneurs to focus on personal growth and self-improvement. By becoming the person they aspire to be and fully committing to their work, success will follow, and the financial rewards will come as a result of doing the right things for the right reasons.