Where did you think you would be by now? Start there.

This is not a pitch with your numbers pasted into it. It is the questions I ask every CEO I interview, answered by you, and then followed to their conclusion.

01
Three years ago

"Take me back three years. What was the business doing in revenue?"

02
Where you thought you would be

"Standing there three years ago, looking forward, where did you believe you would be today?"

03
Where you actually are

"And where are you? Not the forecast. Today."

The gap

$5,000,000

The next question is the one that matters. Not what got in the way. Everyone has an answer for that, and the answer is usually the economy.
04
Where you want to be

"Three years from today. Where do you want this business to be?"

From here to there

$15,000,000

Pace you have run
14.5%
Pace this requires
26.0%
So how do you get to there, from here, doing what you are doing right now?
05
What a point of revenue is worth to you

"Revenue is the vanity number. What falls to the bottom line?"

Construction sits at six to eight. Technology can run twenty five to thirty. Use yours, not the average.
Not all of it is available. Some was market, some was timing. Set this where you would defend it in front of your board, and the whole model moves with you.
06
The decisions in front of you

"How many decisions are sitting on your desk right now that are genuinely significant? Not the noise. The ones that move the company."

The full unresolved cost, the way we score it in group. Lost revenue, hiring and replacement, lost productivity, morale and turnover risk, and the opportunity you did not take because this was unresolved.
Deliberately conservative. The most expensive mistake I watch CEOs make is not a wrong decision. It is a deflected one, carried for another eleven months.
07
The weather

"Over the next three years, what are you planning for?"

Steady assumes no help and no storm. It is the least interesting assumption and the least likely one.
08
What the business is worth

"Last one. Do you know what your company is worth today? Not what you hope. What a buyer would pay."

Five to eight covers most industries. If you are not sure, that is the point. Ninety eight percent of owners cannot answer this question, and most of them are counting on the answer to fund their retirement.

The three year ledger

The Decision Ledger

Three years, at the numbers you entered.

Three year profit impact

$0

Enterprise value

$0

Per dollar

0x

The test

Three year impact
$0
See the ledger
What most owners do not know

BizEquity data. Every member in my groups completes an enterprise value report, and we track it every year.

98%
of business owners do not know what their company is worth
78%
are relying on that value to fund their retirement
75%
have no succession plan in place
60%
have no financial advice guiding the decision
What you are actually going to ask me

"I already have a board."

Good. And every one of them has a bias. They hold equity, or they are your friend, or they are family, and they are giving you the view from where they sit. This is a room of sixteen CEOs with no stake in your outcome, in a confidential setting, whose only job is to tell you the truth.

"I have been doing this twenty years. What is a group of peers going to tell me?"

Experience counts. It also has never gone stale faster than it does right now, with AI, a shifting global economy, and a workforce that does not behave the way it did five years ago. And here is the harder part. Exiting a company is a completely different skill than building one. I have been through dozens of exits with members and one of my own. If twenty years of experience were going to get you to your exit, you would already be there.

"I cannot afford a full day out of the business every month."

Then you have a bigger issue than the one we are discussing, and I would want to process that one in group. If the company cannot run for one day a month without you, that is not a scheduling problem. That is the finding.

"Of course Vistage members grow faster. They could afford it."

It has never been about the money. Any company above five million can afford this. It is about whether you are willing to spend the time, sit in a room of your peers, and be honest about what is actually happening in your business. That is the filter, and it is a real one.

How this is calculated

Closing the gap. The share of your own miss you told me is recoverable, phased in across three years rather than assumed on day one, converted to profit at your margin.

Decisions. Your count of significant decisions, at the value you put at stake in each, at the share you believe better input captures. This is the same way we score every issue processed in group.

Weather. Only applied if you selected a headwind, and set by default at half the published spread.

Enterprise value. The year three profit run rate at your multiple. Shown separately, never added to the profit line, because it is only realized at a transition.

What is not counted. Retention of your leadership team, the speakers, the network, what your people learn from a CEO who is being challenged every month, and the thing members name first, which is being asked a question they were avoiding.

One more thing

This is not for everyone. About one in five people I interview end up joining, and that is by design. Some are not ready. Some do not fit what the group needs. If the number above is compelling and you still do not want to sit in that room and be challenged, then it is not the number that is in the way, and we should both save the time.

Tom Cuthbert · Vistage Master Chair · San Antonio · tom@tomcuthbert.com · 210-248-7330

There are roughly 1,200 Vistage Chairs worldwide. My groups have ranked in the top twenty for a decade and are currently in the top five. Members of this community have completed more than 40 liquidity events over the past twelve years, ranging from mid eight figures to just under two billion dollars. Each of my CEO groups processed over one billion dollars in issue value in 2025.

Illustrative only, built entirely from the figures entered above. Growth comparisons reference Dun and Bradstreet analyses of Vistage member and nonmember companies. Nothing here is a projection, a guarantee, or financial advice.