What is Your Role as a CEO
Have you had a chat with someone and you ask for the favorite position they want to hold in a company and they tell you they just want to be the CEO, they want to be the boss? This is the most sorted out position in the company, in fact the CTO wants to be the CEO, the CFO wants to be the CEO, and even the security man who has the life of everyone in the complex to secure wants to be a CEO. How beautiful is this position, and if this position is that worth it, why will the CEO of NVIDIA say if he had known earlier, he wouldn't have started a company or be a CEO?
First, unlike the thoughts that as a CEO you get paid instantly, the reverse is the case. You do not get paid instantly, rather you start to pay people who are smarter than you to do things. At this point, you need to look for people that are smart, people that are willing, people that are able to utilize tools and let them do what they love with the tools they got. Micromanaging talents isn't what a company needs, the goal is to build a business that is profitable and to do so you need to utilize the talents you have.
At every stage there are responsibilities with companies and leveling up is a way to get out of it. When I mean leveling up, I mean distributing the responsibilities so you can be free to focus on growing the business so it an outlive you. If you are a business owner and you are the one running almost everything in the business, then you are running a job and not a business. Your job is to create a business that can run even when you are not there and not to do the job yourself. You are paid to build team and create success instead of running the entire show.
As a CEO, your main jobs are vision, cashflow and people. A busineou ss needs to make money or have access to money. If you are doing any enterprise without money coming in, you are doing charity. Vision is another purpose of a CEO. You need to see where you are and where you want to go to. If you are going to be doing that, you need people and without people you cannot do anything. Your are a leader of people, you are a mover of people, and you are a to ensure that people help you get to the vision available for the business.
The role of a CEO is far more complex and demanding than it might appear. It's not just about holding the top position but about leading with vision, managing cash flow, and most importantly, inspiring and mobilizing people. Success as a CEO comes from building a business that can stand the test of time and operate smoothly without your constant presence. So, before aspiring to this glamorous title, it's crucial to understand the responsibilities and challenges that come with it.