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Are You the CEO Your Business Needs?

01 May

Founding a company and getting it off the ground is one of the most rewarding experiences for an entrepreneur, and it’s the type of challenge that a mind like that thrives on. However, when you build something successful you can’t just abandon it or it will eventually deflate. Businesses require a CEO who can take charge and handle the execution of the business, and sometimes that’s not the same type of person as the creative mind who visualized the business in the first place.

If you’re an entrepreneur, at some point you’re going to have to take your success and ask yourself whether you’re the right person to keep running it. It’s a tough decision, to be sure, and not many people are capable of answering honestly. In the end, how do you know if you’re doing the right thing or if you’re just doubting your abilities? Here are a few ways to think about it.

Talk About it With People You Trust

When in doubt, it doesn’t hurt to get an outside opinion, preferably someone with a staked interest in your business. Whether it’s a co-founder or a member of the board of directors, discuss the different options and decide whether you’re the right material to helm the business operations of the company. And remember that it’s not a negative if you aren’t; some people may be technical geniuses but they don’t have the skill or experience to keep everything going through the often humdrum day to day operations.

Imagine the Future of Your Business

It’s probably certain that you can handle the business where it is right now, but think about where you want it to be five or ten years down the road. What about when it’s ten times the size that it is now? Growth and expansion is the ultimate goal for any company, and if you’re taking it seriously that’s what you should be striving for. Are you the kind of person who can handle giving out orders down a long chain of command, or would you rather be in the workshop, dreaming up new innovations to propel the business forward. Both of these roles are necessary, and it takes a different type of person to do each one.

Talk to Other CEOs

Don’t go up to every business owner and ask if you’re the kind of person to run a business; talk to them and take cues from the way they act and what kind of skills they’re bringing to the table. This will help you decide if you’re the man for the job, but it will also give you some insight in what to look for in a candidate if you decide to pass on the CEO title. The experienced guys got there because they know what they’re doing, and they are going to be your best source for research on how a CEO behaves. The trick is to just be honest with yourself and accept that sometimes staying on as CEO isn’t the best decision for your business.

Mildred Lee is a certified virtual assistant trainer. If you are intersted to find out more on Mildred’s virtual personal assistant business or virtual personal assistants services log onto her website.

 

One response to “Are You the CEO Your Business Needs?

  1. Steve Hopper

    May 1, 2012 at 7:45 am

    Totally agree with this …Saw an example of this with Casys company. The CEO appointed one of the VP’s as CEO and the company founder went back to what he loved …Globe trotting and international math textbook sales

     

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