• Blog
  • /
  • Advice from the Top: Tips from a CEO

Advice from the Top: Tips from a CEO

Estimated Read Time: 2 Minutes

JESSICA LAMBERT , 27 January, 2023

Our CEO Chirag Shah was interviewed recently and has some incredible advice from his experience of working his way up to CEO.

In this blog, we will pick out the top 5 key points.

1.     Surround yourself with the right people

People are the most valuable asset in any business, so surrounding yourself with a team capable of reaching your goals is paramount.

It can take time to find the right team or person that suits, be patient and do not hire for the sake of filling the role.

It is equally as important to ensure you dedicate the time and resource to creating the right job spec, how are you going to find the perfect candidate and put them in a position to excel if you do not know what he or she is going to do when they start?

Make sure you are also giving them the freedom to create, it is rare that high calibre people will enjoy micro-management.

2.     Focus on the top line

Revenue is not everything in a business. It is about the factors that build the revenue, from the ground up it is hugely important to keep an eye on all elements of your business, especially if you are scaling quickly.

Do not be fooled into buying growth and focusing only on revenue.

3.     Tunnel vision is not vision

Be careful about falling in to the trap of tunnel vision, a single-minded approach of focusing solely on one task or part of your business can lead to missing the true task at hand.

Always consider the bigger picture, innovation without clear sight of facts, is not innovation.

4.     Never take no for an answer

We are a firm believer that you should never accept no as an answer.

Think about why the answer was a no and think about how you can approach the situation in a different way.

Change is difficult, so try and put yourself in the shoes of your audience and pitch the question differently depending on their position, values and goals.

No is not a no, it’s a maybe if you get your stance right.

5.     Make yourself redundant

As a business owner and builder, it is your job to continually make yourself redundant. The same goes for key members of staff.

Every time you make yourself redundant, you are elevating to a new position, building a team underneath you each step of the way.

As a final thought remember that everyone makes mistakes – it is what you learn from them that matters.


BY JESSICA LAMBERT

2 MIN

READ

CONTENTS

TAGS

SME TIPS SME GROWTH MARKETING ON A BUDGET LIFELINE NUCLEUS Staffing TERMINOLOGY EVENTS AI BUSINESS FINANCE SME BREXITBUSINESS SEASONALITY REGULATORY COMPLIANCE Wellness COMMERCIAL LOANS GREEN LOANS SME CHALLENGES COMMERCIAL LOAN SMES SEASONAL COST OF LIVING BRANDING CREDIT SCORE SUSTAINABILITY Hospitality Business Advice CASHFLOW BEST ALL-ROUND EXPERIENCE FORECASTING WORKING CAPITAL Construction SHORT-TERM LOANS CHARITY fintech CASH FLOW FINANCE RESTAURANT EXPERIENCE SALES STRATEGY FINANCING ECOMMERCE PROFIT MARGINS NON-PROFITS Seasonal Business CASHFLOW PROBLEMS BEST RESTAURANT EXPERIENCE BUSINESS SUCCESS NatWest SEO CASE STUDY CHARITY LOANS Alternative Finance BUSINESS LOAN RESTAURANT GROWTH Glossary CONTENT CREATION AGRICULTURE EXHIBITIONS Technology For Business GYM MENU CONTENT STRATEGY RETAIL VIDEO MARKETING FARMING TRADE SHOWS Government Support GYM BUSINESS POPULAR DISHES CONTENT Embedded Lending SOCIAL MEDIA MARKETING CARE HOMES WHOLESALE Business Funding FUNDING FOR GYM TIPS FOR THE FESTIVE SEASON WRITING CONTENT FOR YOUR BUSINESS ARCHIVED BUSINESS STRATEGY IT INVENTORY Business Growth Loans BAR BUSINESS BUSINESS TECHNOLOGY MENTAL HEALTH IPO GIFTING COMPUTING MICROLOANS SME Finance PERFECT LOCATION BUSINESS SOFTWARE CUSTOMER EXPERIENCE MEDIA EXPANSION HAULAGE REAL ESTATE coronavirus Fin Tech RUNNING A BAR CULTURE BROKERS BUDGETING HOTEL LOANS Business Plan RESEARCH SME ADVICE Open Banking BAR LOCATION OFFICE CULTURE NACFB SEGMENTATION PROPERTY FRANCHISING VOLUNTEERING alternative funding RLS SME LOCATION TEAM DIVERSITY AND INCLUSION Freelancers SMALL BUSINESS STARTUPS EDUCATION BUSINESS GROWTH BREXIT HOSPITALITY BUSINESS FAILING BUSINESS UNDERWRITING Employment BUSINESS LOANS WOMEN IN BUSINESS PROFESSIONAL SEVICES
SHOW MORE
Wordpress Social Share Plugin powered by Ultimatelysocial