Today, the step to becoming a CEO can seem very different, especially within tech and Internet startups. But the skills required to be an influential leader are the same as ever. These skills typically take a life of experience to obtain, but there are ways to subdue that time hurdle.
Here are two ideas you should do to qualify as CEO material, even if you are short on life experience – but still big on energy and bold ideas:
1) Build a team to compensate for your shortcomings.
For young leaders, this is essential, to avoid serious mistakes. Lack of experience can lead to very unpleasant consequences: hiring the wrong people, spending too much money, getting stuck with bad contract terms, or falling afoul of the law — to name just a few. If building your leadership team, then, don’t look for people who are precisely similar to you. Find those who can round you out and challenge you to develop every moment.
2.) Use the power of positive – and negative – thinking.
If you are launching a business when you are still in your 20s — without scars from past challenges — you will have some advantages and many disadvantages.
The significant drawback is the lack of a track record, which a potential investor might want to use to evaluate your probability of success. This can be overcome only by spending many hours selling your idea to as many people as will listen to it
No laws are stipulating that chief executives must have attended college or that they must have the masters credit. Still, very few people make it to the top of the corporate ladder these days without some formal education.
1) Some big-name CEOs with degrees from top-tier schools include:
Meg Whitman, former CEO of E-BAY – Bachelor’s from Princeton, Master of Business Administration from Harvard
John Bogle, former CEO of The Vanguard Group – Bachelor’s from Princeton
Robert Goizueta, former CEO of Coca-Cola (KO) – Bachelor’s from Yale
2) Many CEOs have a business degree. That the degree could be in economics, management, finance or another business-related discipline.
However, many well-known chief executives dropped out or never went to college:
Richard Branson, founder, and CEO of Virgin Group.
Michael Dell, founder, and CEO of Dell Computer (DELL)
Bill Gates, co-founder and former CEO and Chairman of Microsoft Corp. (MSFT)
Having a degree from a top-notch school and an extraordinary Knowledge of the industry in which the company operates are great qualities. However, those qualities in and of themselves don’t guarantee that a person will make it to the top of the corporate ladder. Personality traits also play a role in an individuals ability to attain chief executive status.
Typically, CEOs are:
1)Good communicators, Deal makers, and managers.
2)Extroverts who are excited to go out on the road and tell their company’s story
3)Able and willing to present a cohesive concept and strategy to employees
Generally speaking, a person must have a prominent deal of expertise in the company’s field to become CEO. A chief executives job is to provide vision and a cause for the company to navigate, which is tricky to do without extensive experience and a working knowledge of the potential risks and opportunities that lie ahead for the enterprise.
Earlier senior-level managerial experience is also generally a must.
After all, how can an individual be expected to run a multimillion-or multi-billion-dollar company with hundreds or thousands of employees unless he or she has previous experience managing and overseeing other staff?
Anne Mulcahy, the former CEO of Xerox (XRX), is another great of example of someone with a notable quantity of experience in her profession. In the mid-1970s, she commenced as a sales representative. eBay later worked as a vice president in human resources before climbing to senior vice president. All told, it was about 25 years before she became a chief executive. By that time, she knew the business extremely well.
The Bottom Line
Although some individuals are born leaders, most are executed. Becoming a chief executive takes years of hard work. Extensive experience in the company’s field is desirable. Conclusively, those that have worked their way up from a low-level within the organization may have an advantage, as they arguably know the company better than any outsider ever could.
Becoming a CEO doesn’t arrive overnight. CEOs work their way throughout the ranks and rise to the top thanks to a combination of hard work, determination, and traits and qualities that make them a top-notch business leader. Read the steps below to learn about the path to becoming a CEO, and the steps CEOs take to stay unbeaten.
Making the Grade
1)Spend extra time learning finances
2)Make connections early.
3)Shoot for the stars- As soon as you get a job based on your college qualifications (even if you’re still in college at the time), treat it like you want to own the whole company. Employees who bring a sense of vitality and seriousness to their jobs are few and far between; be a business booster and a team player, and rest assured, you will be informed.
Moving a Great CEO
Concede what a CEO does. The chief executive officer of a company isn’t undoubtedly the founder or even the owner; a CEO isn’t quite the same thing as a businessperson. A CEO isn’t a mere auditor or office monkey, though, either. Willingly, the CEO’s job is to run the company: oversee financial decisions, resolve imbalances, and keep things on track for more profitability each year.
That means a great CEO is a sequence of an ideas person (like an entrepreneur), willing to take risks and think big; and a hands-on person, eagle-eyed in matters of money and human resources, always ready to dig into the details until everything is perfect.
If your actions inspire others to dream more, learn more, do more and become more, you are a leader. The crucial element is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but few decide to do something about them now. Not tomorrow. Not next week. But today.
You Should Also Read :