How do I prepare myself to become a successful startup CEO? - PowerPoint PPT Presentation

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How do I prepare myself to become a successful startup CEO?

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There are no secrets to success. It is the combined result of preparation, hard work, and learning from failure- Colin Powell • Develop your communication skills • Be A Great Communicator • Be able to think on your feet Leadership is all about development. Running a startup is one of the most difficult tasks anyone can attempt professionally. If you are the exact same person today, as you were when you founded your startup, you might be in trouble. Figuring out how to be a successful CEO is the key for entrepreneurs.(ebrand3072019vs) – PowerPoint PPT presentation

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Title: How do I prepare myself to become a successful startup CEO?


1
How do I prepare myself to become a successful
startup CEO? 
2
  • There are no secrets to success. It is the
    combined result of preparation, hard work, and
    learning from failure- Colin Powell
  • Develop your communication skills
  • Be A Great Communicator
  • Be able to think on your feet



  • Leadership is all about development. Running a
    startup is one of the most difficult tasks anyone
    can attempt professionally. If you are the exact
    same person today, as you were when you founded
    your startup, you might be in trouble. Figuring
    out how to be a successful CEO is the key for
    entrepreneurs.(ebrand3072019vs)
  • Founders often struggle to make the
    transformation from founder to CEO. Some are with
    all vision but no administration, while others do
    not have the correct communication skills or
    don't know how to let go of the reins. It's a
    sensitive exercise in careful control, and for
    many, the difficulties of running an organization
    are sometimes too much even for individuals who
    constructed successful organizations from
    nothing.

3
  • In todays twenty-first-century business world,
    you have to be constantly on your feet trying to
    think of new ways to outdo your contemporaries.
    There are numerous startup companies evolving
    each and every day and it is the responsibility
    of the CEO to make sure that everything runs in a
    smooth and efficient manner.
  • Here some of the tips that can help you to become
    a successful startup CEO
  • 3 most basic traits for a successful CEO
  • Manage money
  • Convincing people to invest capital in your
    startup conveys a very strong message to the
    market. Understanding who, when and how to raise
    capital is extremely important. Running out of
    money is likely to be the most problematic
    situation in a startup. Markets can change, so
    focus on earnings before interest, tax,
    depreciation, and amortization (EBITDA) when and
    where you can. There are exceptions to that rule,
    of course. In any case, the sooner you can pursue
    profitability, the sooner youll be on much
    better-arranging terms with any funding source.
  • Manage time (Identify what matters most)
  • Many things will compete for your attention in a
    single day, but you have to decide which thing is
    most worthy of your time before deciding how to
    spend it. Think about what is most important in
    your life and assign enough time for things that
    matter.

4
  • Once you identify your top priorities, other
    minor pursuits will fade in importance. Some
    activities will need to be excluded from your
    schedule, you should learn to say no when needs.
  • Manage People.
  • This is one of the best things you can do, manage
    anyone you can, even if it's not perfect. The
    Majority of the job of a CEO is recruiting a
    team, leading a team, empowering a team,
    convincing a team. This team will include
    investors, the public, press, etc. your company
    is the combined vision of many people, you can
    only define success in terms of what's best for
    the company, not for you. So you learn to manage
    people whenever possible.
  • Other lists of things which are important
  • Hiring the right people
  • As a CEO the key is to try to hire every
    individual on the team should be better than you,
    if possible. This isn't a threat. It's an
    approach to make your value worth 100x more.
    Don't just hire your friends, and don't hire
    people that make you look good. Hire individuals
    fiercely better than you that look act and feel
    different.
  • Set high goals
  • The biggest enemy of the progress is a comfort,
    so Start big and set big bold goals for yourself
    and your team, Stretch staff beyond their limits.
    Initially they may complain about it, but in the
    end, they will thank you for it. Try to build
    your client base by four to five percent every
    week and supervise these objectives by having an
    active management role.
  •  

5
  • Be patient.
  • Success certainly won't happen overnight, and it
    won't happen for a couple of years. As a startup
    founder, it's basic to know the difference
    between a great idea and a great company. So
    decide now that you're all in, and don't give up
    when the going gets tough.
  • Try to Care More About People.
  • This is one of the top mistakes first-time CEOs
    Often make. They forget to care about the people,
    their team. They just assume everyone should be
    as committed just like they are. But everyone
    else can't be. You aren't going to double your
    EQ overnight. But attempt a couple of things.
    Say "Thank You" whenever possible. Give
    increments more often. Give spot rewards more
    often.
  • Summary
  • Running a business isn't for everyone, No one is
    perfect. Unlike any other job, the startup CEO
    has to come up with versatility of skills,
    high-risk tolerance, and incredible work ethic.
    Founders shouldn't get discouraged by a few
    mistakes along the way. You have to learn how to
    do a lot of things beyond your core strengths and
    interests. You should probably deal with a cap
    table, assess potential markets, and track your
    finances.
  • The key is finding the teachable moments that
    show you the lessons you need to learn to become
    better and avoid making the same mistakes.
  •  
  •  

6
  • Websites browsed
  • https//www.quora.com/How-do-I-prepare-myself-to-b
    ecome-a-successful-startup-CEO
  • https//content.wisestep.com/startup-ceo-founders/
  • http//www.onstartups.com/tabid/3339/bid/34321/14-
    Ways-To-Be-A-Great-Startup-CEO.aspx
  • https//www.themuse.com/advice/want-to-be-a-startu
    p-founder-heres-what-to-do-now
  • https//www.crimsoneducation.org/za/blog/become-a-
    ceo
  • https//www.forbes.com/sites/theyec/2017/11/27/thr
    ee-ways-to-become-a-better-startup-ceo/65c84b628a
    da
  • https//businesscollective.com/9-strategies-for-be
    ing-the-best-ceo-you-can-be/index.html
  • https//www.forbes.com/sites/alisoncoleman/2018/04
    /15/the-leap-of-faith-from-startup-founder-to-ceo/
    5858ae3354fb
  • https//www.inc.com/entrepreneurs-organization/thr
    ee-strategies-to-transform-from-founder-to-leader.
    html
  •  

7
  • Contact Us
  • Mobile No 91 8097027355, 91 9137256150, 91
    9222086563
  • Email Id ebrandingindia2017_at_gmail.com,
    info_at_ebrandingindia.com,
  • Mumbai Office Address Unit No.450, Mastermind
    One - IT Park, Royal Palms, Aarey Colony,
    Goregaon(E), Mumbai, Maharashtra 400065
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