1. Creating a active team exertion. As a CEO, figure out what are your strengths as a leader. As for your weak points of the business, hire a good group of people that have a better accuracy on your weaker end of the business. Recruit a staff to fill in all those gaps to create a well solid foundation that’s ready to face new challenges.
2. Work your business to perfection. Identify points of difficulty in your processes, and work with a team to reinvent your business for easier communication. Then use the new processes to their full advantage.
3. Know your money requirements. Hire a CFO (Chief Financial Officer)
you can trust , and take capital seriously. Even if you don’t need extra funds now, it’s going to be important to have those dollar bills present for when new opportunities come up. So make your money ready to respond when needed.
4. Thinking Big on All angles. When thinking of a huge house, try thinking of it in detail. (For example, the color of the house, how many doors your going to have, how many bathrooms, to what kind of floors your going to have in each room. ) In order for you to have these items plus the huge house you thinking of , you have to have a realistic budget to purchase this. The same thing goes for your business. Having a realistic budget is essential to successful growth. Create a long-range financial plan to back up your thinking process.
5. Stay true to yourself . Don’t lose your vision of the passion and instinct that got you where you are. You might get more people telling you to quit and less people telling you to push your vision to the clouds. The more things change, the more things stay the same. Look at it that way.
6. Track the numbers. Every week or two look at your operating expenses , sales , growth margins, gross profits and income. You don’t need to be a financial wizard that’s why you hired a CFO for. But having a knowledge and control of these five numbers will give you a early warning sign and help you catch eras before anything bad happens to your business.
7. Build a advisory network. Smart advisers can explain the nature of the market , introduce you to important customers and even coach your managers. Internet marketing is big for advertising
8. Communicate your business mission. Everyone on the payroll working with your team should understand your business’s purpose and by extension, its values to customers. With out the shared intelligence , employees won’t be able to take initiative.
1 comment:
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