Being an entrepreneur certainly comes with its fair share of ups and downs. As business owners, we understand there is a need to be constantly pivoting within our business strategy based on the current market trends and increasing our bottom line. While these vital shifts represent how your thought process changes, are they enough or you need a mindset shift? By thinking in this manner you are starting to develop what we call a “CEO mindset”. Thinking at this level will give you the drive to grow your business in a very specific way.
The CEO Mindset: Is it Important?
CEO’s must have the strength and drive to be able to handle everything that comes across their desk. Think about what drives a CEO to get out of bed in the morning:
How does having a positive attitude with a solid thought process look when walking into a business full of difficult problems? What exactly is going through their minds when they strategize these problems and then lead others to achieve an appropriate solution? Do they do it for the money? To make a difference in their community? For the freedom of being in power? Perhaps it’s to be looked upon as a leader? Success?
All of these thoughts are powerful motivators and with thinking along these lines, you are right on point! So, yes! Thinking, acting, and leading others as a CEO is very important if you are seeking the next level of success for your business. In order to achieve the results you are looking for, you MUST shift your mindset and think of yourself as a visionary! Start focusing on changing the way you think and stop handling the day to day running of your business. Focus on the bigger picture and envision what lies ahead in terms of growth. To be a successful CEO you must know what you want. Stop asking yourself “What should I be doing or thinking right now?”, but instead, ask yourself “How can my team implement my visions”. Be prepared to take control of the reigns and take the blame as part of your leadership responsibilities as a CEO.
[bctt tweet=”To be a successful CEO you must know what you want.” username=”pricelessplan”]
The best place to start is by strategizing a business plan and creating a vision of where you would like your business to be in 6 months to a year from now. Create a list of every task and project that you have been working on every day. Can these be automated to run with little to no management? Another great way to keep your team members on the same page is to create short videos pertaining to your tasks and projects, where you explain your expectations. Include how they can complete each task to their best ability while keeping your brand at the forefront. This will also aide in an easy transition when new team members come aboard. As your team grows and tasks get redelegated, the last team member who was in charge of that particular task will now be in charge of training their replacement. This helps to transfer the responsibilities to someone other than yourself.
Breaking Free Off the “Solopreneur” Mindset
Growing your business as a solopreneur is a very exciting journey. Your dreams are finally becoming your reality. You’re pumped and ready to take on the world single-handedly! You have a steady influx of clients that keep you hoping and praying for more profit. Your days slowly become busier each day which quickly turns into working outside of your designated business hours. Now you find yourself working late into the evenings and thoughts of relaxing on the weekends are a thing of the past. Having an endless feeling that your work is never getting done is stressful and looming over your head like a dark cloud. By now your stresses are starting to show in your work and your clients are starting to feel neglected and leaving. Hopefully, before you reach this point in your business, you realize that it’s time to shift your mindset. It is time to build a team (or utilize them in a way that benefits you) and systems.
Breaking free off the “solopreneur” mindset will eventually open many doors for you. Step one, stop perfecting everything and start delegating projects to your team members! Remember there is more than one right way to do something. Most clients don’t care who does the actual work. What they care about are the results and what they have paid for is getting done and done correctly. Your clients will be excited to have your full and undivided attention to help them build and implement the vision you have built for them.
Finding Help in a Business Consultant or Coach
When you get to a certain point in business, like your mindset shift into becoming the CEO of your small business. It’s important to seek a professional who has the knowledge and skill set needed to take you to that next level of success in your industry. Working with a business coach or consultant will truly take your business to new heights. With their support and guidance, you will ultimately save so much time, energy, and money on nurturing and growing a profitable business.
Did you know that there is a difference between coaches and consultants? And do you know which one would be the best fit for you? Let’s talk about what they can offer you.
What Does A Business Coach Do?
A business coach is an individual who works with you to strengthen the business skills you already have. Their focus is to bring out the “best” in you and to be your accountability partner to make sure you follow through with your steps. They tackle mindset issues that some deal with on a personal level, ie, fear and limiting beliefs you may have. Their overall focus is brainstorming with you and creating a plan of action.
What Does a Business Consultant Do?
A small business consultant is going to be more of an expert within your particular industry. They specialize in business planning and strategy which allows them to take your business in a certain direction and scale it appropriately. Consultants teach you skills you may not know, analyze your business and then will create an action plan for you to implement. They also go into the specifics of client acquisition and retention, systems, service packages, pricing, team member and staff training, just to name of few. Consultants analyze your current goals through strategic alignment and create a plan to make sure that you actually hit your goals.
Solopreneur to CEO in 3, 2, 1, GO!
Your transition to becoming a successful CEO is only as good as understanding the importance of shifting your entire mindset into thinking like a CEO. If you want to take your business to the next level of success, you need to invest in your business, your team, your systems, and your CEO training.