What do you know about CEO’s? You’ve heard of Dan Hesse, right? He’s the new CEO of Sprint, the guy in all of their new commercials. Michael Eisner became infamous as the head of Disney. And then there’s you. Yes, I said, “you.”
Yes, you are the CEO of your household. Just as the famous CEO’s of major corporations make decisions to guide their companies toward profitability, you are charged with keeping your household in financial order. In fact, upon closer inspection, there are several choices you make everyday that mirror the types of decisions corporate heads must make.
You decide where to spend your money. Sure, the CEO of Sprint is deciding whether to spend money on new product development or maintaining satellite towers, but your decisions impact the future of your family in the same way his impact his company. You have to decide whether you should return to school in the hopes of increasing your earning potential in the years to come or whether you should spend that same money on a vacation. You decide whether you should invest a little money now in maintaining the siding on your home’s exterior or spend the money elsewhere and possibly have to invest more in new siding in the years to come. Although the budget you’re dealing with is smaller you are still making the same types of evaluations.
You decide how to spend your time. A huge part of being CEO of your household is deciding how to invest your time. Do you give up your family time to work extra hours at your job? Do you skip household chores to have more time to help your son with his homework? While corporate CEO’s are deciding which committee meetings they must attend or which tasks can be delegated to subordinates, you are deciding which tasks will best protect the welfare of your family.
You make long-term plans. CEO’s of corporations are often charged with keeping one eye on their company’s futures. Every decision they make must keep the company’s best interests at heart and move the company towards its goals. Likewise, you must always keep your long-term goals in mind as you allocate your family’s time and money each day. If you know your family is going to need a new car soon, you may scrimp and save when grocery shopping.
All things considered, you really are the CEO of your family. So, make your decisions and plans carefully. You’re just as important as any of those famous corporate executives are.
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