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A Successful CEO Does 3 Things According to leadership expert Trey Taylor, they may not be what you think.

By Cheryl Snapp Conner

Opinions expressed by Entrepreneur contributors are their own.

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Quick, what are the three key responsibilities of a CEO? Easy, I've been saying for as long as I've been a CEO: 1) Systems, 2) Structure, and 3) Scalability. Stated simply, the CEO perfects the product and process that allows the business to exist ("nails it"), and then makes the result sustainable and scalable to meet the company's goals ("scales it").

Failure comes, I've maintained, when we lose our focus on these primary goals.

But this year I've gained some new perspective from Trey Taylor, J.D., the author of "A CEO Only Does Three Things." Taylor provides executive coaching and strategic planning to C-Suite executives through his consultancy, trinity-blue, and is a partner in multiple investment capital firms.