A good CEO is someone who possesses strong leadership skills, strategic thinking abilities, and excellent communication and decision-making skills.
They should also have a deep understanding of the industry they operate in and the company’s goals and vision. A good CEO must be able to motivate and inspire their team, drive innovation, and create a positive culture that fosters growth and success.
Additionally, they should be adaptable and willing to take calculated risks while being accountable for their actions and able to make tough decisions when necessary.
Daniel Suero Alonso is a successful Fintech entrepreneur and financial expert.
He believes that young CEOs ‘MUST’-
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Always Ask “Why?”
Continuous learning and a curious mindset can help you stay ahead of the curve, adapt to change, and make informed decisions.
When you make a habit of asking “why” and seeking deeper understanding, you can uncover new insights and ideas that may not be immediately apparent. This can lead to innovation, improved problem-solving, and better decision-making.
In today’s fast-paced and rapidly changing business environment, those who embrace lifelong learning and are open to new perspectives and ideas are often the ones who thrive. By staying curious and continuing to learn, you can stay relevant and competitive, and position yourself for long-term success.
It allows the CEO to interact with their employees directly and get a first-hand look at the daily operations of their company.
By walking around and engaging with staff, the CEO can learn about any issues or concerns that may be affecting their team’s productivity or morale, and gain valuable insights into how the business is functioning on a day-to-day basis.
In addition, by interacting with employees at all levels of the organization, the CEO can foster a sense of connection and teamwork, which can help to improve communication, collaboration, and overall organizational culture.
This can be particularly important for young CEOs who are still learning how to manage and lead a team effectively.
Walking the floor is a valuable tool for every CEO who wants to stay connected to their team, stay informed about their business, and build a strong and engaged organizational culture.
Know your statistics
CEOs that are knowledgeable about financial data can evaluate their company’s performance, identify potential areas of growth or risk, and make informed decisions about investments, operations, and resource allocation.
Without this knowledge, CEOs may make uninformed decisions that could negatively impact their company’s financial health.
By understanding the numbers, CEOs can confidently communicate the company’s financial position and strategy, which can help to build trust and confidence among stakeholders.
Prioritize your people and value
A company’s success is ultimately tied to the people who work for it and the values it upholds. When CEOs prioritize their employees’ well-being, they are more likely to create a culture of engagement, which can lead to increased productivity and innovation.
Putting people and values first can lead to a more engaged workforce, better talent retention, a positive reputation, and a commitment to social responsibility, all of which can contribute to long-term success for a company.