What is the best advice for a young, first-time startup CEO?

A startup is a serious business as it takes a lot of patience and hard work to achieve what one has set out to achieve with a startup. Many first-time entrepreneurs fail to keep that required patience and fall prey to the failures at startups due to lack of Expert startup advice. However, a few expert pieces of advice can keep a new and budding entrepreneur focused on his goal. Following are some of the best advices a young first-time CEO can procure from an expert CEO.

 

1. Money matters but so do physical health.The first very important thing to realize for a young businessman is that a startup is not at all a sprint but it is a matter of endurance. One must work hard without doubt but not by losing his precious 8 hours of sleep. Sleeping and eating healthy is like fueling the body for working hard. Exceptions might occur sometimes but never make it a habit.
2. Set up a strong foundation by picking the best advisory board.

A young CEO must make sure that the people he chooses to invest in his startup have enough operational experience in the field. A man with experience is like a boon to the budding business and his advice is priceless.

1. Transparency is the word to remember.

People hired by the entrepreneur to work with or under him expect honesty and transparency from their colleague. Therefore an aspiring entrepreneur must maintain a transparent and open-to-good advice and views kind of atmosphere at the work place.

1. Set the priorities for growth.

It goes without saying that a business is set up in order to grow and flourish. It is the duty of the entrepreneur that he sets up a proper growth plan and then sticks to it as well. All the successful and expert businessmen have everything planned beforehand as that helps a big deal. They know exactly what they want and how to get it.

1. Stay focused only on the strong suits.

Every person or a group of persons have certain strong points and certain weak ones too. There are some people who remember only their weak points and in the process they lose precious time. One must always focus on their strong suits as everyone has strengths and it is up to them to use their strong points to the optimum.

1. Consider competition as a reason to work even harder, not as a distraction.

A business has to have a lot of competitors in the business world. It is absolutely not possible to survive without the competition. It is important to keep a close track of the competitors but it is not necessary to plan a counter move to each and every move they make.

1. Design does matter.

Money matters but so do physical health.

The first very important thing to realize for a young businessman is that a startup is not at all a sprint but it is a matter of endurance. One must work hard without doubt but not by losing his precious 8 hours of sleep. Sleeping and eating healthy is like fueling the body for working hard. Exceptions might occur sometimes but never make it a habit.2.Set up a strong foundation by picking the best advisory board.

A young CEO must make sure that the people he chooses to invest in his startup have enough operational experience in the field. A man with experience is like a boon to the budding business and his advice is priceless.3.Transparency is the word to remember.

People hired by the entrepreneur to work with or under him expect honesty and transparency from their colleague. Therefore an aspiring entrepreneur must maintain a transparent and open-to-good advice and views kind of atmosphere at the work place.4.Set the priorities for growth.

It goes without saying that a business is set up in order to grow and flourish. It is the duty of the entrepreneur that he sets up a proper growth plan and then sticks to it as well. All the successful and expert businessmen have everything planned beforehand as that helps a big deal. They know exactly what they want and how to get it.5.Stay focused only on the strong suits.

Every person or a group of persons have certain strong points and certain weak ones too. There are some people who remember only their weak points and in the process they lose precious time. One must always focus on their strong suits as everyone has strengths and it is up to them to use their strong points to the optimum.6.Consider competition as a reason to work even harder, not as a distraction.

A business has to have a lot of competitors in the business world. It is absolutely not possible to survive without the competition. It is important to keep a close track of the competitors but it is not necessary to plan a counter move to each and every move they make.7.Design does matter.In this digital world of today a new or an old business cannot grow without a good and appealing website of its own. A website is like a platform to reach out to the people and get a whole lot of public attention. It is pivotal to design a website that is informative yet very eye-pleasing

 

“The only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t’ settle. As with all matters of the heart, you’ll know when you’ll find it.”

 

“The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”-

make sure that you have enough running finance. 

dont try to take every in your hand.

make your goals. 

do swot analysis.

do not give yourself a chance to be depended on your relations go some extra miles to make your story a glory. 

 

rest you will learn on daily basis from a market where you are performing. 

 

 

 

To not think you're a CEO, don't be big headed and class yourself as the 'founder'..get stuck in all aspects of the business day & night. And once the business is profitable and stable, then you can give yourself such titles.

Thanks for the invite. Below are some important points for a new CEO

He/ she should study well before starting a business and should be clear with the questions like why this business? why now? and whois it for?

They should be very careful with the budget wise. Correct amount of investment should be made and not high or low. This will help in achieving your target.

All sort of studies should be done before starting any business and forecast should be high profitability

Extra staff should be hired only if required.

There should be a good back up of money incase if the company is loosing.

Resistance should be high interms of work output and financially 

.......................................FOLLOWER..............................................

Do not mess the things to early

1. Lead with example

2. Keep you team involved and engaged by giving them responsibility and autonomy

3. Be decisive, take decisions. 

4. Have a long term vision and keep you vision big and powerful

Give equal consideration to People process and profits, focus on all three; dont miss any; be creative.

One liner: Go slow while checking details, go fast while thinking, think from the perspective of each and everyone, react considering the impact on all and act keeping bigger picture in mind.

Be a leader neither a boss and try to deal with the situations with foresee attitude rather than on-spot abrupt emotional decisions which create panic among the employees . Create a culture of equality and harmony.

Think advanced, stay updated and keep track of your competitors to stay ahead of them