Now businesses need successful people to lead them more than ever. Nevertheless, CEO’s find it hard to avoid the common traps that a lot of people fall into when they are in charge. A lot of times there are problems with the leadership style, other times the problem is in the lack of certain competencies or the unwillingness of leaders to hire certain types of professionals, in yet other examples employers fail to provide their management skills to the organization on time. However, in most of the time the traps that lay beyond the CEO’s are even bigger than the internal problems of the managers. It is important to know the most troublesome ones. Ineffective management of resources is probably at the heart of many organizations’ problems. Often times the direct and indirect resources (internal and external) that are available to the organization are not calibrated to the business’ needs this quickly leads to problems. This is one of the major traps lying before the modern businesses. Leaders should be thoughtful of this trap and should avoid it at any cost. What is more, there are traps that are not easy to locate and consider like losing desire to complete the mission. Often when money, greed and success come quickly and uncontrollably the bigger picture and mission that a business’ foundation lies upon is quickly lost in the “fog” of success. It is easy to forget the necessary actions and you can be lured into spending too much attention on minor details. In order to keep the leadership and the mission as the primary objective you need to focus on this and not the profit. While this holds true it is easy to forget to be efficient. Efficiency must lie at the heart of any leader and managing tactics should not distract the leader from his drive to lead growth and improvement in his business. Often tactics like this hinder decisiveness and lead people into magical circles of doubts that there is no coming out of. However, in order to keep the target on track, a leader must have a vision for both the short term and the long-term that do not differ drastically. Otherwise he may fall as a victim to indecisiveness and not enforce the necessary changes to his business to get to his goals. Overall, there are a lot of challenges to business owners but there is little that cannot be improved by thinking differently about the challenges that lay ahead.