Think Like CEO

Think Like CEO

Thought becomes Action. If we are set on role of CEO mentally, Half of the battle is in the favor. It's important to keep momentum high at that level. It needs energy, mentorship & support.

Every startup & MSME want to be become part of Silicon valley & It should be however It's not possible without effective leadership, team & best practices. When we think of Leadership, It starts from thoughts. ultimately thoughts become action.. 

Every business owner or founder must think like CEO to lead the business along with effective system & best practices in the organisation. Imagine, If a CEO committed for 2X / 5X/ / 10X Growth, Only thinking at that level can start effective planning, execution & delivery.

Effective thoughts are foundation of everything specially for Growth. 

Self Employment can not help to multiply growth beyond certain point. First of all, we have to understand difference between self-employed & effective CEO. 

Self-Employment -
Self-employed is just like professional working for themselves rather for another company. However, they have to work to earn money. If they stop working, they stop earning money. 

Effective CEO - 
Now let's understand working as CEO for own company. 
Successful & Effective CEOs do not do different things but they do things in a different way. 

Biggest Obstacle in Becoming Effective CEO- 

Ask yourself - 
Why you are not able to lift up?? 
Why most business never lift up?? 

You may find Following Answers -

1) Due to obsession of little chores-
Little chore keep you busy however do not make money or even worst by losing money. Little chores like FB Scrolling, Frequent Mail checking, Keep following with team, stuck with making effective team, get in to client delivery etc are most time consuming 

2) Internal Struggle Versus Outside Struggle 
Internal Struggle is more powerful than Outside. Internal Struggle between What you want to do versus what you know

3) Procrastination - Biggest problem -
Prioritizing tasks must be one of the best practices for an effective CEO.  It saves time & enable him / her to complete tasks in time.  Tasks may be divided in 4 parts- 1) Urgent & Important  2) Urgent but not important 3) Important but not urgent 4) Not important & Not urgent.   Doing so surely can help to overcome procrastination which is biggest problem on the way to become effective CEO.

4) They spend time on low yielding tasks- 
An effective CEO must understand difference between Income Producing Activities ( IPAs)& Low Yielding Activities (LYAs).  Getting stuck with day2day operational activities is most common for CEOs who are not able to spend time on IPAs. 

5) Badly Engaged in Deliveries - 
They don't have time to look in to other development things because they are highly engaged in day2day activities to deliver to clients. they can't grow beyond certain points despite putting their hard efforts. 

6) Lack of System & Best Practices - 
Being busy in day2day activities, they can't look in to their strategies, road-map, team training, building system & team culture. they have all in their hand & mind. Nobody else knows what will be next development activities or anything else beyond daily routine work.. 

7) Self-employment Mindset -
Most of 2nd or 3rd generation businesses & startups are stuck at the stage of self employment despite having their capabilities of building system based business. 
 

Few Actions to be taken to become effective CEO -

4℅ Rule for moving money needle.

1) You have to decide whether you want to remain self-employed or CEO.

2) You must observe their choices in life & in business.
Where they drive income from? 
What they spend their time on? 
What tasks do they focus on? 
What do they invest themselves in?

3) Be part of unique group & observe 
Always have Think Tank as a support which can help to make effective decision making.  Think Tank refers to a group of like minded people / mentors who always been supportive & aware of your Goal, Business Plan, Roadmap & Resource availability. 

4) Write SOPs / Best practices to make team accountable. 
Accountability is paramount important for any business to be successful. Business process SOPs, Task Tracker, followups etc can produce reports / MIS / KPI to evaluate performance & set team members accountable.

5) Build System & Automate business processes ( CRM / ERP) 
ERP / CRM is backbone of any business. Without alignment of KRAs with business process is just like body without soul. ERP / CRM with exact mapping with processes can help to automate & multiply revenue for any business. It also helps business owner / CEO to work on the business rather in the business. 

6) Learn & implement Tasks Priorities. 

7) Take MIS reports out from CRM/ ERP for analysis & decision making. 

8) Keep learning new things & opportunities. 

9) Reduce your time in operational engagement. 
Think like CEO & Work as Chief Growth Strategist with Organisation if really want to grow 
Growth Buddy reduces 60℅ of your time in 6 months to 1 year. 
Example - 
Now you are spending 10 hrs per day X 5 Days ( 5 Working Days) 
50hrs per week. 
After Growth buddy engagement 
50 x 60℅ = 30 hrs per week with better results & most things must be automated