Many people venture in startups not knowing that there are sacrifices which need to make. Without a doubt, being a chief executive officer of a company is somehow hectic and requires full-time commitment. Here are things you should know before becoming a CEO.
1. Keep your business and friendships separate
You would wish someone told you the importance of understanding the difference between business and friendships. Especially in the nightlife industry. You must learn early on that there needs to be a fine line between the two.
2. You have no days off
When starting out, you will think that being self-employed means that you will have the opportunity to make my own schedule. Sorry but that is not the case. You would wish someone told you that as a business owner, you will have to be available at all times. It is more than a nine to five job—it’s a 24/7 position.
3. Seek experts in your field
You will wish someone told you the value of surrounding yourself with experts. Mentors and experts in your field are the best teacher you’ll ever have.
4. Surround yourself with a strong team
It is somehow imperative to surround yourself with a strong team. Being a successful business owner and entrepreneur isn’t a one-man show. It is very important to work with credible individuals who are passionate about their craft.
5. Never be afraid to ask for help
As a CEO you have to be aware of when to step up and when to step back and allow others to shine. If there is something that you don’t know, it’s okay to go to the person that you hired for that specific reason and ask for insight so that you can make an executive decision and efficiently run your company.
Before becoming A CEO, just think these pointers through. And if you’re already one, try to put them in motion.