It is that time of the season again. We have made our resolutions and now we have to live up to our plans for the new year. Most CEOs have the difficult task of deciding what their companies will do in the coming year or years. It is sometimes perplexing for us to choose what new products, markets, or business entities we will take on. So after reviewing year-end results and exploring possible scenarios, each of us must make tough business decisions.
Every business person is different.
So we approach these tasks in different ways, based on the time we are willing to invest in planning, the resources available for starting new projects, and the desire to expand. Some of us want to do it all. I know this from personal experience. During the first few years that I published Washington CEO, I took on almost every project that came along. The result was that I and many others in the company were stretched too thin.