As a small business owner, making the decision to start expanding your business is a big one. If you have decided to grow the business and potentially migrate from an entrepreneur into a CEO there are many things that you need to consider. To be truly effective you may want to look into some startup CEO coaching to help you be well-equipped for your new role. Here are a couple of things to think about as you make that decision.
What Are Your Skills?
If you are thinking about shifting your role into that of a CEO you need to give careful consideration to your strengths. For example, if you are a particularly hands-on type of person you may find the transition into a CEO role to be a difficult one.
While entrepreneurs and small business owners typically are far more involved in the day-to-day operations, becoming a CEO means delegating and taking more of a planning role. If you don't have the skills to be a planner and a delegator, this is the time to obtain those skills. CEO coaching can help with that.
Can You Handle Human Resources Work?
When you're working as a sole proprietor, or even a small-scale employer, it's easy enough for you to find the help that meets your basic needs. A growing business, however, requires a more specialized focus to staffing. As the CEO this staffing approach will fall on you, at least until you have front-line managers to do much of the candidate assessment for you.
You'll need to have strong talent evaluation skills. That means knowing what kinds of skills you need from your staff members, and it also means recognizing those skills in potential candidates. Make sure you know how to judge people personally and work with a CEO coach to learn about interview skills and personal assessment.
Are You A People-Person?
Working as an entrepreneur means being the one in contact with your customers, but it doesn't truly make you a public face. Remember that becoming a company CEO means that you are going to be a very public face of your business, and that makes you a core representation of your brand.
The larger your company becomes, the more your personal life and decisions will fall under public scrutiny. Make sure that you are comfortable with that and have the interpersonal skills to properly represent the business. If you aren't sure, a CEO coach can help you develop the tools you need to do that. If you want more information on topics like "how to grow my business" you can find specialists in your area.
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