The 3 Skills Every $1M Founder Must Master To Become a $10M CEO

Here’s some other content from the Scalable network, plus some other cool stuff I liked and thought you might like, too:

Most founders get stuck somewhere between $1M and $4M.

Not because they’re lazy…but because they keep playing the same game that got them to $1M.

After scaling eight companies to 8+ figures, here’s what I know for sure:

The skills that get you to $1M will NOT get you to $10M.

If you want to stay unstuck, you need three new skills…

Between $0 and $1M, you're running on gut feel.

Checking Stripe.
Checking your bank balance.
Making decisions based on vibes and instinct.

And that works fine early on.

But at $10M, you can't lead by intuition anymore…you're not in every room.

You have to lead by the scoreboard.

Here's how we do that...

Step 1: Map Your Value Engines

Think of your company as a factory with assembly lines:

Until you visualize how the business works, you cannot optimize how it works.

When you’re done, it should look something like this…

We call these simple flowcharts Value Engines, and they’re the foundation of scoreboard leadership.

Step 2: Build Scorecards That Mirror Those Engines

Go step by step through each Value Engine, asking, “What metrics do we need to track to know if this step is working?

Each stage of your Value Engine gets 1 - 3 metrics, and every metric needs:

Status rules:

🟢 Green = on track
🟡 Yellow = behind but with a plan
🔴 Red = behind and no plan

The difference between Yellow and Red is simple: Does the owner have a plan to get back to green?

If YES, it’s yellow.
If NO, it’s red.

“Close” doesn’t count. All that counts is, “Do you have a plan to get your metric back on track?”

Step 3: Turn Red → Yellow → Green

This is the real job of a CEO:

See the constraint. Solve the constraint. Repeat.

To do that, all you have to do is go to your scorecard and look for RED…

IMPORTANT: It’s not your job to have all the answers…it’s your job to empower your team (the people who actually OWN the metrics) to actually own the answers.

Scoreboard leadership forces clarity, accountability, and focus.

Without it, you’re steering your business with the lights off.

Founders don’t burn out because they’re lazy.

They burn out because they’re doing everyone else’s job.

And when they try to fix it, they make two classic mistakes:

The fix is something I call Impact-Based Delegation using a 2×2 framework called the Critical Task Matrix.

Here’s how it breaks down:

Low Impact / Low Ability = DRUDGERY

Stop doing these now.

High Impact / High Ability = FLOW

Protect this time ruthlessly.

Low Impact / High Ability = MENIAL

This is the delegation trap.

You’re tempted to hire VAs and other “helpers” to do these jobs for you, but when you do that, all you’re doing is trading simple tasks for a new, more complicated task called “management.”

Don’t do it… don’t delegate these tasks… at least not yet.

High Impact / Low Ability = CAPTIVE

THIS is where the biggest leverage lives.

The Captive Zone is your opportunity zone…the high-impact work you’re not great at. This is where you need to make your next hire.

When you do, you’ll be hiring LEADERS…no helpers:

These folks cost more, but the ROI hits immediately because they free you from the high-impact work you’re currently bottlenecking in your business.

Revenue is vanity.
Profit is sanity.
Cash is reality.

I’ve seen businesses doing $10M+ go broke while their P&L showed a “profit.”

Why? Because P&Ls lie. Cash doesn’t.

To stay safe, you need a simple Cash Flow Waterfall …a system with five bank accounts:

Money flows in this exact order:

Operating → Tax → Emergency → Investments → Distribution

Then, at the end of every quarter, you distribute 80% of whatever sits in the Distribution Account.

I had a founder go from “broke every payday” to writing six-figure distribution checks every quarter…

…and nothing changed except implementing this waterfall.

$0 → $1M? Learn to fish.

$1M → $10M? Ask for the fish.

At scale, speed beats pride.

Get in the rooms where people have already solved your problem…

Buy them a beer…ask them how they solved it.

You don’t have time to “figure it out” anymore. You don’t have time to “learn to fish.”

Just ask for the skinkin’ fish!!

⚡️ Action Step: Pick ONE of the three skills and implement the first step this week:

Any one of these will create massive leverage on your path from 7-figures to 8-figures.

Do all three, and scale stops feeling chaotic and starts feeling inevitable.

P.S. I’m looking for 5 business owners who want to work 1-on-1 with my team and me to install a custom “operating system” so your business can scale and so you can exit the day-to-day. Click here to get the details.