Biggest Challenges Faced By A Co-founder, President And CEO At Caffe Luxxe
Mark's biggest challenge as Co-founder and President/CEO of Caffe Luxxe is the immense responsibility of his role, stating that "if I make a mistake...all 100 of us are out of a job." This necessitates carefully balancing calculated risks with the need to protect the team and empower future leaders to make decisions.
Executive/Leadership, Overcoming Challenges, Responsibility, Risk Management, Teamwork
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Mark Wain
Co-founder and President / CEO
Caffe Luxxe
UC Berkeley
University of Southern California, Marshall School of Business MBA
Economics
Food, Beverages & Alcohol, Hospitality, Restaurants & Events
Strategic Management and Executive
Scholarship Recipient, Pell Grant Recipient, Took Out Loans, Greek Life Member, First Generation College Student
Video Highlights
1. The immense responsibility of the CEO role and the potential consequences of mistakes.
2. Balancing calculated risk-taking with the need to protect the team and the company.
3. Developing and empowering the next generation of leaders within the company to make crucial decisions responsibly.
Transcript
What is your biggest challenge in your current role?
The biggest challenge in my current role is the responsibility. It's both a plus and a challenge.
I tell my team that I take the responsibility very seriously. If someone on my team makes a mistake, it's a learning experience.
However, if I make a mistake, depending on its size, all hundred of us could be out of a job. So, the biggest challenge is taking calculated risks without jeopardizing the team. This also involves considering the next generation of people when making those decisions.