For Alberto Galassi, the CEO and director of the Ferretti Group, time is one of the most valuable commodities when it comes to business. It means the difference between incredible success, total failure and everything in between. "When every effort is made to manage time properly, and decisions are made based on good timing and perhaps a little luck, the probability that your business will run like clockwork is higher. Time is the most important resource. Just like any resource in business, you get the most out of it when you develop plans and strategies to use it wisely." The Ferretti Group is a world leader in motor yachts and pleasure vessels, carrying an extensive portfolio of brands including Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN and Custom Line. It sells everything from a flybridge or runabout to a maxi or mega yacht, and the company has modern shipyards across Italy that combine the efficiency of industrial production with world-class craftsmanship - a heritage of Italy's centuries-old yachting tradition. The company has a global network in over 80 countries, and it ensures clients receive the very best assistance at marinas all over the world. Since being appointed to head Ferretti Group last year, Galassi has focused on customer satisfaction, and he is on a clear path to bringing the Italian company back to its essentials of designing, building and delivering some of the most beautiful boats on earth to highly selective customers. "This is a time during which businesses are starting to grow again, and growing businesses face a range of challenges. As a business grows, different opportunities demand different solutions - what worked a year ago might now not be the best approach. "The solutions of today can be the problems of tomorrow. Recognising and overcoming the common pitfalls associated with growth is essential if your business is to continue to grow and thrive. Crucially, you need to ensure that the steps you take today don't themselves create obstacles in the future. "Effective leadership helps to make the most of opportunities, creating sustainable growth for the future, and [this means making] the right decision at the right time." As a leader, Galassi lays down the law right from the start. Relationships with family and best friends come first. It's a matter of quality over quantity, and he considers time spent with loved ones as the most productive. The rest of his time he spends on business, from taking care of his different roles and responsibilities in the Ferretti Group to other international companies such as Piaggio Aerospace or serving as a board member of the Premier League soccer team Manchester City. However, there's always time to indulge in some of his other personal hobbies such as football, collecting contemporary art or simply enjoying leisurely moments on board his Custom Line Navetta 33 mega yacht. Galassi says: "Time is the most precious resource, one of the few you cannot buy and one that never comes back - lost time is never found again. We need to use time wisely." EN PATEK PHILIPPE 5960P Perpetual Calendar "While wearing it, you are already aware that you are not going to own it forever - you are merely taking care of it for the next generation." RICHARD MILLE RM 035 Rafael Nadal Chronofiable Certified "I love this watch, which combines sophisticated mechanism and innovative design that make it the lightest watch I've ever worn."