CEOs and business owners often find themselves in situations where they are expected to do things they have little knowledge of or experience with. With the multitude of things that can occur in business, it is unreasonable to assume anyone can be well prepared for every situation.
The Pressure to Perform
Leading a company requires many skills, business experience, specific management skills, education and strong emotional intelligence; it is not for the faint of heart. You invest your blood, sweat and tears into your business and employees day after day only to be challenged with a never-ending stream of new situations and circumstances.
CEOs and business owners find themselves in situations where they are regularly asked to make choices based on experience and knowledge, and expected to execute those decisions with confidence and strength. All too often CEOs and business leaders will avoid the necessary due diligence and make bad decisions simply because they are unwilling or unable to say they just don't know. This is when the real danger is at its peak - when the greatest damage can occur.
Once a poor decision has been made, it is much more difficult to correct the mistake. Rather, they will continue to make poor decisions that often make a bad situation worse. Gaining outside expertise can add tremendous value to you and your company through hands-on advice, experience and deep expertise. Here are three simple steps to help you ensure success.
Be Proactive, Seek Advice
Step 1. You must understand and believe that no mere mortal has all the wisdom and intelligence to solve every problem on his/her own. Part of leadership is knowing when you don't have an answer and finding ways to get the information you need to make an intelligent decision.
Step 2. Talk to a business consultant and ask for advice on your specific needs and challenges. Allowing others to participate in critical conversations is a sign of strength, not weakness. As the leader of your company, asking for input from a seasoned business professional will enhance your ability to make profitable decisions. A strong business consultant typically has tackled what you are dealing with multiple times in varying industries and circumstances. A hands-on, seasoned business advisor has gone through many problems you are going through and are dedicated professionals in helping CEOs and business owners.
Step 3. As a leader, you must recognize that there is no such thing as perfection, and mistakes will be made by you and your staff. When the stakes get higher, it is time to eliminate emotion from your thoughts and rely on facts, logic and outside expertise - things that often escape us when we are acting under pressure.
CEO Advisor has successfully helped CEOs and business owners of small and mid-size companies for a decade. Contact Mark Hartsell, MBA, CEO of CEO Advisor Inc. today for a no cost, no obligation initial consultation at (949) 629-2520 or email MHartsell@CEOAdvisor.com.