To become a more effective leader with a holistic business view, deliberately seek experience across various interconnected functions like operations, marketing, and sales. This strategy prevents the narrow perspective that often limits specialized leaders, even if it requires taking lateral or junior roles to learn.

The most effective masterminds consist of people from different industries and business stages. This diversity prevents direct comparison and fosters richer insights. The crucial factor for curation isn't similar resumes but shared values like generosity, honesty, and a willingness to learn. Energy alignment trumps expertise alignment.

To build stronger alignment and leverage board expertise, Chili's CEO pairs each executive with a specific board member as a mentor. This formal structure moves beyond typical board presentations to create genuine working relationships and opportunities for targeted guidance.

Allspring CEO Kate Burke initially saw the Chief Talent Officer role as a step away from revenue generation. She later realized it provided critical training in team building and strategy, ultimately becoming the best preparation for her CEO position by giving her a seat at the senior leadership table.

A manager is not a mentor. Instead of depending on a single, formal mentor within their reporting structure, aspiring leaders should cultivate a personal 'board' of two or three trusted advisors. This external network provides diverse, on-demand input for specific business situations that fall outside a leader's direct experience or comfort zone.

Early in your career, prioritize opportunities that build long-term capital across five key areas. This portfolio approach—building who you know, what you know, what you can do, what you have, and what people think of you—is the foundation for future success, often more valuable than immediate salary.

Instead of just climbing the corporate ladder, define an ultimate career objective (a 'North Star'). Then, strategically choose roles—even uncomfortable or lateral ones—that deliberately fill the specific knowledge gaps standing between you and your long-term goal.

The founder hired an experienced CEO and then rotated through leadership roles in different departments (brand, product, tech). This created a self-designed, high-stakes apprenticeship, allowing him to learn every facet of the business from experts before confidently retaking the CEO role.

The most valuable board directors go beyond fiduciary oversight and serve as a confidential peer and sounding board for the CEO. This relationship is crucial in a role that often lacks internal peers for strategic counsel.