If you’re a freelancer or solo entrepreneur, then you’re running your own business. Even if your business is just you on your own, you have to take over the role of CEO. In order to do this, you need to adopt the CEO mindset. Anyone can do this and see the benefits. Here are the keys to how you can approach your work like a CEO.
Focus on Results
Did you know that 80% of your results come from only 20% of your activities? Do you know which of your daily activities make up that 20%? For a CEO, results are everything. They’re aware of which actions produce which benefits, and they focus their energy here. A CEO doesn’t waste time on activities that don’t get results.
Always Trying New Things
You can think more like a CEO by constantly trying new things. Leaders of companies are driven by an insatiable curiosity. One great way to cultivate this is to try one new thing each day. Purposely seek out new experiences and areas to learn about, even if they don’t seem strictly related to your business.
Get Out of Your Comfort Zone
Humans naturally fall into patterns, but these can quickly turn into ruts. If you want to think like a CEO, learn to recognize when you’re stagnating and seek out new challenges. Never back down from a risk when there’s great potential reward. CEOs are fearless risk-takers because they know that facing risk, whether you succeed or fail, is a great learning experience.
Look at the Big Picture
As the leader of an organization, a CEO has to always take the big picture view. This means looking at your company from the top down, considering its place in the market, its history, and where it’s going. The big picture view means not just looking at the next week or month, but the next five or ten years.
Connect to Your Core Values
Why did you start your business? Do you think about this every day? Reconnect with the reason you started. What big change did you want to make in the world or in the lives of your customers? Clarify your core values and keep them in mind at all times. Use them whenever you make key decisions.
A successful CEO is never surprised by even the most sudden change in the market because they’ve considered everything and made a plan for anything that could happen. Stay one step ahead of competitors and industry changes by considering possible outcomes and how you would respond to each. Then, when it comes time to make a major decision, you can do so quickly and decisively.
No matter where you are in your business, start thinking like a CEO now and you’ll see your business grow and get closer to its goals.
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Pat Simes is a Business Strategist, blogger and Founder of Innovative Business Solutions and Innovate Academy. She currently resides in the Midwest and is committed to inspiring and empowering entrepreneurs to transform their vision to reality.
CEOs are different from the rest of us. Have you ever thought about why this is? The reason a CEO can lead a large company is that they possess certain skills, traits, and mindset qualities that are hard to find in most people. However, if you can cultivate these traits in yourself, it can benefit all areas of your business and life, even if you’re not the leader of a big enterprise.
A CEO sees the world in a way the rest of us don’t. They can imagine a better future and communicate this vision to others. This is how they can steer their company so that it grows and achieves this future vision. This vision doesn’t just lead the company but also provides inspiration for other members of the organization.
CEOs can handle criticism and failures with composure. If you have total power over a company, your decisions make a tremendous impact. With this power comes the comments of others for whom it’s easy to sit on the sidelines and criticize. Internal fortitude provides a CEO with the confidence to make decisions without hesitation and handle criticism with grace.
Eager to Learn
Leaders are eager to learn about anything and everything. They are driven by insatiable curiosity. This is why they’re able to pull together information from anywhere and make decisions based on deep knowledge of their business, their customers, and the market. Leading a company also requires a great deal of learning through trial and error. You will make mistakes along the way. It’s important that each failure is seen not as a disaster but as a valuable opportunity for learning.
Excellent Communication Skills
It requires great communication skills to lead, inspire, and direct others. This means not only the ability to communicate your ideas and vision, but the ability to listen to others and understand their intention, even when they don’t tell you directly. The CEO is also a facilitator in their organization, enabling all the different departments to talk to each other effectively.
The Big Picture View
At the top of their organization, the CEO sees things in the big picture view. Knowledge of the details is important too, but the CEO is the only person in the company seeing everything from above. While each responsible party takes care of their own tasks and the minute details, you keep your eye on how it all fits together so you can make key decisions.
Quick and Decisive
CEOs make key decisions quickly and decisively. They can do this because they know what’s going on now with their business and the market, they have years of accumulated experience, and they have their eye on their vision for the future. Another reason is that they think strategically, considering each possible outcome before passing judgment.
CEOs are passionate about their business. What ties everything together is that you love what you do. This is what keeps you motivated and inspired and drives you to put in the work needed to make your business succeed.
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