What Makes a Good CEO? 4 Strategies to Effectively Lead Your Business

What Makes a Good CEO? 4 Strategies to Effectively Lead Your Business

Just what makes a good CEO?

If you’re asking this question, you’re probably considering taking up this position. Or you’re already a CEO and trying to find ways to be the best captain of your ship. 

Regardless of your situation, it’s easy to know the qualities of a capable CEO. A little research is enough to get you started, but we’ve made that easier for you.

All you need is to keep reading this article. By the time you’re done with it, you’ll have a better picture of who a good CEO is.

1. Leads By Example

On paper, leading by example seems easy. In practice, though, not many people actually do the things they want others to do.

A good CEO has mastered the skill of leading by example.

If you want your employees to do something, what better way to get them to do it than doing it yourself? Naturally, humans are pack animals. Often, we make decisions based on the actions of others, sometimes subconsciously.

Want people in your organization to take a pay cut and give to the organization’s COVID-19 charity fund? Start by taking a major cut.

2. Never Stops Learning

In most instances, being a CEO is no small feat. The perks are handsome and the trappings of such a big position can be flattering. As such, it’s easy to fall into a comfort zone where you focus on leading and neglect improving yourself.

If you do that, you could be setting up yourself for failure. A good CEO doesn’t stop learning. There’s always a new skill to acquire, new information to consume.

Sure, at the top hours pass by and you could feel that you don’t have the time to learn something new. But if you’re passionate about it, you’ll always make time for yourself. Take some inspiration from Peter Faricy, CEO, Global Direct-to-Consumer, Discovery Inc.

3. Delegates

Any CEO wears multiple hats.

This shouldn’t be a problem, because nobody just wakes up and becomes a CEO. You certainly would have worked for several years, meaning you’ve gotten familiar with holding multiple roles at the same time.

However, a good CEO knows when to delegate some tasks to other people in the team.

Delegating, especially sensitive tasks, is a sign of trust. It also shows that you’ve nurtured people in your team who can rise up to the task when a big occasion calls.

Also, delegating frees up your time so you can have a clear view of the bigger picture and establish whether the ship is heading in the right direction.

4. Has A Thick Skin

Being a CEO isn’t all rosy.

There’ll be big challenges. Skeptics in your organization will discredit your leadership skills. If the company has a board, sometimes the members will come down on you when results aren’t looking up.

In this position, it’s only human for anyone to develop self-doubt and even consider giving up. A good CEO doesn’t. Because a good CEO has thick skin.

Now You Know What Makes A Good CEO

If you were wondering or asking what makes a good CEO, you now have a better idea. However, these aren’t the only qualities a person needs to be the best business leader. There are many more, so we suggest that you keep researching and reading.

Stay hooked to our blog for more leadership tips and insights.

 

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