Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Stepping into the CEO seat is both exciting and demanding, but there are common pitfalls I’ve seen many CEOs fall into as an executive coach. By setting clear priorities, delegating effectively, building strong relationships with your board, establishing healthy boundaries and creating external support systems, you will increase your odds of success. The CEO is the most visible, powerful and scrutinized role within a company. It’s an exciting opportunity to land, but it can disappear quickly if you’re not intentional about how you lead. For first-time CEOs , the biggest threat to their tenure often isn’t the market but the mistakes they make in managing priorities, boundaries and relationships. I’ve served as an executive coach to CEOs hired by boards and investors, as well as those promoted internally from roles such as COO and CTO.…