When you think about running your business, what’s your top priority? Power or profit? I know what you’re probably thinking—”Both!” It’s the obvious answer that most business owners would give if they’re being honest. Sure, everyone wants profit, but let’s not forget the thrill of feeling important, being the owner or the CEO. We like to think it’s our brilliance that’s created jobs and our generosity that keeps employees and their families thriving.
But here’s the thing: Business or Cult?
Sounds like a noble statement, right? But this mindset can get dangerous. The power trip can turn us entrepreneurs into, well, monsters—especially when we start believing the flattery we often get from our teams. Think back to all those dictators who got lost in their own hype and personality cults. Extreme example? Sure. But there’s truth in the comparison.
It feels good being surrounded by people who seem to adore us. In fact, I’ve seen several business owners struggle after selling their companies and losing their entourage of paid “devotees.”
Here’s the hard truth: wanting both power and profit is a tough juggling act. If power is your priority, you’re likely sacrificing profits. Why? Because the best leaders—those with the most autonomy—don’t need constant validation. If you’re all about running the show, you may end up with a second-rate team that’s just there for the paycheck and not their own growth.
This is where a Function Ownership Chart™ can help. By clearly defining roles and responsibilities within your organization, it ensures everyone understands their scope of work and prevents micromanagement. But if profit is your goal, you need to let go of that “I’m the king” mindset. True success comes when you attract great talent—people who won’t blow smoke up your “ego”. They’ll want a leader who’s already proven to be successful, not someone looking for constant praise.
So, what do you want, power or profit?
If it’s the latter, it’s important to step back, hire talented people, and empower them to lead.
And while you’re at it, implement the Entrepreneurial Operating System® (EOS) to create a culture of alignment, accountability, traction, and results. EOS will help streamline your business operations, allowing you to focus on profit and sustainable growth, not power plays.
What’s your take? Power, profit, or the balance of both? I’d appreciate hearing your thoughts on this topic!
