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Four Tips To Find Success As A New CEO

By News Creatives Authors , in Small Business , at August 5, 2021

Sean Manning is CEO and Founder of Payroll Vault Franchising LLC, as well as a CPA, and Thought Leader in the Financial Field.

Entering a C-suite role can often feel like a career-defining moment, and it should, especially for those rising to the executive level for the first time or now leading their own business. But for those advancing to that leadership position for the first time — or those moving into the role for a new company — there are plenty of stressors and challenges that quickly cloud the elation of that moment.

Throughout my career and in my current position, I’ve learned the value of what actions and characteristics work for CEOs of successful companies. I’ve tried to weave those lessons into my own business leadership and continue to share the insights I gain from others, whether to hopeful entrepreneurs or the business owners joining our franchise system. No matter your avenue into an executive role, a few key items remain essential to success.

Whether you’ve been the CEO from the very start or are moving into the role from elsewhere, here are some of the best pieces of advice I’ve cultivated in my career as an executive.

Get A Feel For The Vision, Then Adjust To Yours

When starting a new business, you have a built-in vision of its future. From the very first days of creating a business model, you’ve had the ability to shape the company into what you feel it should be.

When it comes to those stepping into a CEO role through a promotion or a new company, things are a little different. The business has been running in a certain direction with distinct processes. As a new CEO, you’ll, of course, have the opportunity to lead your company in the direction you want, but before instituting your own vision, you should dedicate time to understand why things have been set up in their current form.

If there are others in leadership with experience in the company, get a feel for what they believe has been done well and what needs work to inform your own plans.

Clearly Define Roles

Being a CEO doesn’t mean your hands should be in every facet of the day-to-day operations. By definition, the role calls for leadership and delegation.

Of course, you should have a finger on the pulse of the company as a whole, but it’s also important to avoid micromanaging or spending too much time focusing on unnecessary areas that can and should be handled elsewhere. You should devote time to learning which people fit in which areas and find the best uses for their talents to help boost their productivity, their value within the staff and ultimately, the company’s efficiency.

Stay Steady

It’s natural for businesses to experience the full spectrum of successes and failures at some point. Executives who have truly bought into the mission of the company feel these fluctuations as much as anyone. It’s important, however, for those executives to balance their emotions and understand what those emotions mean.

The CEO role is often a stressful job — one that requires immense focus but can quickly burn you out if you ride the highs and lows too dramatically.

Beyond your own well-being, serving as an executive is about providing security. If you aren’t keeping emotions steady and are instead making emotional decisions based on the short term, you could begin to lose that vision we discussed earlier and ultimately hurt the long-term viability of the business.

Remember: People Make It Run

Leadership comes down to managing people and not just their production. I’ve previously written about the importance of empathy as a CEO, and that’s especially true for those stepping into the role for the first time. If your people are treated well, with trust and respect, the production and performance of the company will come.

Serving as an effective executive also means giving credit where it’s due, and it isn’t always with you. It’s essential to show your staff and your colleagues in the leadership team that you value the work they put in and that you understand their contributions to the company.

In the end, people make businesses run. And while you’re taking the helm and leading those people, you owe it to the business, its staff and yourself to approach the CEO role with the right mindset.


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