In business, a CEO is the top leader of an organization, and ultimately responsible for the team’s success or failure. It is typically the #1 most important role in the organization, since the CEO in business is responsible for determining the company’s strategy, and hiring the right people to execute it.
Thinking back to my early days as a CEO, I wish I had understand these things better on the first day. For a new CEO in business, consider these tips for how be effective in your role:
1. Communicate and then communicate again
I wish I had understand that my #1 job was to communicate. As the CEO, you are communicating vision, progress and guidance constantly each day. As you apply more thought to this, you can craft the right messages that inspire and deliver results. Everything you say, internally and externally, is scrutinized by others who are trying to interpret a deeper meaning. A CEO is just a person, and sometimes the things they say actually don’t have a deeper meaning. Keep this in mind as you communicate.
2. Constantly prioritize
I was overwhelmed with the sheer volume of initiatives on my plate each day. I wish I had understand how important it is to constantly evaluate priorities and say no. You can’t take every meeting or do every task… pick out the important ones. Not every cold email requires a response. Not every request can be accepted. One of the best antidotes to a high volume of initiatives is to delegate. You need to become comfortable with letters others take control of certain initiates, even if in the beginning, you are more qualified to do them.
3. Hold the leadership team accountable
As CEO, you are the direct manager for the executive team, one of the most challenging teams to manage. You need to ensure they are aligned on your objectives, transparent on what progress is being made and held accountable for results. I started using my tool Weekly Update for our team to do this effectively.