BUSINESS OWNERS RESOURCE NETWORK BLOG

Top 3 Qualities That Every Successful CEO Should Have

Posted by Taylor Ranker on Sep 10, 2019 9:58:00 AM

Top 3 Qualities“What makes a great leader?”

How would you answer that question? As owner/CEO of your company, it’s important that you know how to answer this question. Naturally, you want success for your business; and that success starts with you. No matter how phenomenal your team is or how many business meetings you manage to land in the coming month, none of that will come to fruition without a strong leader to keep it all going.

You are the strong leader.

What defines “strong?” What makes up the foundation of a successful CEO? The answer may surprise you. Or, you may find that you hold a good number of these qualities – that’s great! We’re not only going to tell you what makes up the list, but we’re going to explain why. Keep reading for a list of traits that research has proven as the top qualities every successful CEO should have.

Communication

Every CEO needs to have strong communication skills. No surprise there. However, you may be surprised at just how imperative this quality is for the success of your business. Just as you prefer to hire people that communicate well, so should you! You cannot expect your team to communicate among themselves effectively if you are not a proper example for them. Communication within a business is like oil to a hinge. Without the oil, the hinge will gradually weaken over time, and therefore lose its effectiveness and fail to perform like it did before. Keep your business well-oiled by making sure you communicate with your employees proactively and effectively.

Need some help communicating? Here are some tips.

People Skills

You likely didn’t make your way to the top of the business chain by keeping your head down and disregarding anyone that approached you. You likely did the opposite! Making your way to the top of your industry required networking, meetings, and maybe even a little brown-nosing. These all take people skills. More specifically, it took the ability to read people and adapt accordingly. Your team at the office is full of different personalities. Some team members require this kind of coaching, while others require a different approach. It’s important that you know how to identify your employees’ needs and coach them based on those needs. The proper coaching will give your team the tools and inspiration it needs to be successful. A successful business equals a successful CEO!

Risk

You don’t think Elon Musk became the impressive entrepreneur he is today by playing it safe, do you? While Elon Musk’s choices may seem quite risky at times, there are many opportunities he was a genius to take. To be a successful CEO, you must be willing to channel your inner Elon Musk into your business strategy. Taking calculated risks will open up opportunities for your business that may have never appeared had you not stuck your neck out a little. We all know success isn’t handed to us on a silver platter. Lead your business well by venturing down unexpected paths.


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Topics: business owners, cashing out, work life balance