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The Importance of Distinguishing Between CEO and Owner Roles
The speaker learned from personal mistakes the importance of distinguishing between being a CEO and an owner of a company. They discovered that being a CEO is a full-time role, and attempting to be CEO of multiple companies was a mistake that led to significant time and stress. They realized that a company dependent on the owner is not sellable or is sellable for much less. The speaker emphasized the significance of understanding the difference between CEO and owner roles, and highlighted the importance of a business being able to run without the owner's constant presence.