Related to my post yesterday about entrepreneurs, I am really enjoying Howard Schultz's book Onward: How Starbucks fought for its life without losing its soul. His first book some years ago was pretty pedestrian but here we see his authentic self emerge as he grapples with his life work going into the ditch.
Statistically, Founders overstay their welcome at the companies they start by about 2 years. The skillset entrepreneurs have (fire-in-the-belly) rarely fits a solid state company that requires day to day management. So the chances of a Founder coming back into the CEO role and succeeding are close to zero. And it is this that makes the story so intriguing. His honesty in laying out the issues to the reader and how he addressed them are fascinating. The most painful would have to be replacing the CEO that he himself installed. That's one tough conversation. Love Starbucks or hate it, it's a great story. I'm only half way through - more to come!