Attaining the revered position of leadership is about growth and you cannot afford to remain in the exact position you were, at the initial stage of venturing into business ownership. Getting to learn some few things along the way, helps you in the gradual growth and development of, both yourself, as an individual and your enterprise.
Founders find it quite difficult sometimes, to move from that stage to that of a successful CEO. Some of the challenges that come with this include; lack of effective communication skills and poor management techniques.
An average individual wants to own a business, but not everybody can run a business successfully while making the transition from Founder to a successful CEO. This is, however, not to discourage potential or current Founders, from making their moves to start their own businesses.
If you could get yourself equipped with lessons from CEOs, who have made a successful transition, then, you become better to take on the challenges of embarking on your entrepreneurial journey.
As your organization experience growth, you should be prepared for the following:
At the nascent stage of your company, you do not have to belabor yourself with fear of giving out control of project work to a new staff. The reason for your fears might be that you have a superior skill for project management, compared to that of your employee.
You would soon realize, however, that taking over every project would cause you to go unbalanced and unstable, as you are likely to be worn out in no time. Delegating tasks would encourage team growth while giving you ample time for you to work on your part and take deserved rest when desired.
You might, however, not necessarily hands off the project in its entirety. Working with people, as a team, would afford you to ask questions and receive feedback. You, thus, get to know that, focusing on people can make you more effective.
Manage more and dabble less
At the initial stage of a company, what comes as a priority is to get things done as quickly as possible. In this process, Founders, basically, get involved in everything, from the simplest of tasks to the most complex.
As the company makes progress, you get around you, a great team to take effective charge of various aspects of your tasks while dropping the do-it-all mentality. This leads to productivity because, at this point, you are able to direct your energy towards achieving very important things, such as actualizing the vision of the company.
You start to challenge people
Motivating people for growth might be quite challenging, but it is your job, as a leader, to push the drive your team to action for achievement. Growth, often times, can appear uncomfortable; nevertheless, pushing the team through will be of great advantage to your company.
Understanding your employees’ strength and areas to be improved on can help you take them through the challenges of making them productive, for the benefit of the company. Learn to challenge your employees, but supply them with resources that they need to achieve success.
You realize it is not about you
Your leadership vision and character matters, but remember, they are supposed to be a drive for others, to get the best out of them. Your position does not mean that you should sit at the top of the organizational chart and rule like a dictator.
The best of Founders-turn-CEOs, comprehend this and they are not set to take all the credits. Your company may carry your name, but it is not all about you.
Leading a company from your position, as a Founder to a CEO, is a great challenge, no doubt, but you need to drive your capacity. Doing this can lead to your eventual breakthrough as a successful CEO.