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7 Ways to Adopt a CEO Mindset

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There are a million mantras out there for both established CEOs and budding CEOs. But to be a successful CEO, you need more than a mantra, you need a mindset. A CEO mindset isn’t about the size of your paycheck or even the size of your dreams, it’s how you handle the day to day. Let’s get real here, how confident are you that you have a CEO mindset?

Here are some CEO mindsets to consider:

The big picture vs. the details. As a CEO, you can’t stick to one or the other, you must be in harmony with both. It’s a balancing act. When you’re at the top, you must see the whole painting clearly without losing sight of the brushstrokes.

Accept that you don’t know it all. If you’re a CEO, you know your stuff, but it’s important to remember you don’t know all the stuff. Once you think you know everything, you have no where to grow which means your business has nowhere to grow.

Making money versus making profit. Making money and making profit, aren’t the same. Knowing your baseline numbers is an absolute necessity. If you don’t know your profit margins or aren’t making your profit margins, you need a money person to partner with.

Delegate when it makes sense for the business, not just when it makes sense for you. Learning to offload and delegate is arguably one of the most important things that CEOs must learn as they grow their business. That said, even when CEOs reach the pinnacle of their success, there are times when you’ve got to roll up your sleeves and wrap your mind around the nuts and bolts. The big picture doesn’t work without the little brushstrokes.

Act with strategy in mind. Sandra says that imperfect action is better than perfect inaction, but action without strategy isn’t action at all, it’s just doing STUFF. When it comes time for action, you must think about why you are doing what you are doing and what is the desired outcome. If you can’t clearly answer those questions, you’re not acting with strategy in mind.

Consider the three Rs. When it comes time to make decisions, you must consider the three Rs. Risk. Revenue. Reputation. What are the risks? Will this generate revenue? How will this affect your reputation.

Remember that YOU are the decision maker. As a CEO, it’s valuable to collect information and viewpoints from trusted advisors, but at the end of the day, spiraling around a problem won’t solve it. Indecision can be crippling. Being able to make and own decisions is essential to your success, even on the occasions where the decision turned out to wrong, it’s better to decide and fail than not decide and flounder.

CLICK HERE for 7 Tips to Achieve a Millionaire Mindset as an Entrepreneur. 

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