Breaking into the business world can be tough. Even with a college degree, top marks, and a fundamental understanding of the economic world, riding the ups and downs that come with a business is a challenge. The business world tends to be cutthroat. This generation doesn’t have the same room to make mistakes as past ones did. With so much competition and desperation to seize markets and clients, an up-and-coming CEO needs to be ahead of the learning curve.
Tips for Young CEO’s under 30
Fortunately, there are five tips for any aspiring CEO to follow that will put you far ahead of even some of the most experienced in the field. Ronn Torossian shares:
Always ask questions.
CEOs pave the way for business change by questioning processes and ideas. They come up with innovative ways of saving, creating, and doing. If you question the old processes, think outside the box, and problem solve, you’ll be well on your way to a unique entrepreneurship that brings clients flocking to your door.
You have to love your work! You have to find something that you’re invested in, and let that passion drive you and your company, day in and day out. In such a competitive world, you need to have the extra drive to persevere even when others would stop. This is what will make you a success. You need to be a natural leader. One who can take on the responsibility of motivating people and revolutionizing the business world. This passion will also keep you from burning out too fast and too soon.
Don’t let arrogance get in your way.
No matter your skill level, there is always more to learn. You will never completely have a grasp on the business world, no matter how many years of experience you have. Even the oldest businessmen will tell you this. Know when you DON’T know something, and learn how to step back when you need to. If you need to learn more, then do so with grace. It’s okay if you make mistakes or if you need to learn more. You just need to own up to it and continue growing. Take personal responsibility for what you already know and what you need to know.
Hire more experienced people as executives.
This is another place where you shouldn’t let arrogance get in your way. We see it all the time in politics – the President hires experienced people for his cabinet, and different senators hire experienced people to give political advice. The business world functions much the same way. You need to have experienced professionals around to give you business advice. This way, you’ll have an army of knowledge at your fingertips.
Don’t try to brave this alone.
To be a success, you’ll need the help of other people. Though you’ll be at the head of the company, there will be other supporters who will give their input. From your executives to your friends to the members of your family, you need to have a support network. Some of these people will help with business decisions, whereas others will be around to lend a helping hand when the stress just seems like too much.
It is okay to be a human CEO. A sense of humor, a deep rooted passion, transparency, flexibility, and a strong work ethic will do you much more good than a brittle image that can shatter when the first volley is launched.