A CEO (Chief Executive Officer) is the highest-ranking person in a company on whose desk lies the responsibility for taking the final decision.
However, one may be a CEO and still be on a job, but an Entrepreneur (4th quadrant) is a sold-out person whose attention (100%) is on his or her business and reports to no one.
I have often heard people saying, “I am going to start my own business.” So, they rush out and start without being ready.
As you are preparing to transform from being an employee to being an employer, there would be a lot of criticism, even from people close to you.
It is now left for you to handle the critics diplomatically and when you are ready, you will know, and they too will know.
The Poor CEO
A poor CEO usually experiences scarcity (human and resources), especially financial scarcity.
The reason for this situation could be;
* Lack of access to relevant information needed to succeed in the industry.
* Poor preparedness.
* Lack of the desire to acquire knowledge and improve oneself.
* Delivering low value products or services as a result poor marketing research.
* A state of complete indolence.
The Growing CEO
A growing CEO is he or she who totally avoids all factors that make him poor while being at the helm of the business affairs.
He ensures.
* There are adequate resources at his disposal that are helping his growth. He creates a funnel through which money flows into business.
* Skilfulness at managing resources both human and capital.
* The creation of a structural system that keeps the business not just running but also grow continuously.
* Setting priorities right based on importance and not emotions.
The Flourishing CEO
A Flourishing CEO is one who has, not just adequate resources, skills, a working system, good plan but goes an extra mile to do more.
The sport.netbet.ng owners are a good example of such CEOs.
His Attributes
* He builds systems that outlast him, a classical example is Dangote, Mike Adenuga and a host of others that has built companies that are operating a world class system in strong financial management, human resources, and company’s culture.
*He is strong, highly knowledgeable and has not stopped growing.
* He is a big-time problem solver.
The choice is yours to work towards your own desired state of CEO.
What Does a Flourishing CEO Do Better than others?
He has mastered how to work smart rather than just working hard. Working smart requires a whole lot of efforts and investment in personal improvement.
It involves knowing the proper (legal and legitimate) ways of getting things done without incurring avoidable waste of resources ranging from time, money, energy and people.
Back in the days in Physics, we were made to understand that work is done when a force is applied in a given distance (Work = Force × Distance).
As an entrepreneur, he has no closing or resumption time, he puts in those extra hours ,getting results by multitasking, and input necessary structure in the business.
As a problem solver, a flourishing CEO is more than ready to challenge all issues by dealing with root causes and not just the symptoms.
He has learned how to manage human resources in order to get the best out of them by showing genuine interest in his staff.
In all, he leads his team exhibiting the right attributes of honesty, integrity, loyalty, respect, and excellence.