Top Business Tips from Successful CEOs for Your Startup Company
Posted on February 8, 2017 by Franco Alvarez
If you would ask professionals, established CEOs, and startups, there will always be certain challenges that can hinder your business mindset and conditions. But don’t lose heart because these challenges will drive your startup towards victory and continuous growth.
Challenging Limits as a Startup
With the improving economy and technology upgrades, starting a startup will be easy and relevant for your company and target market. As you deal with daily competition, you have to be motivated and inspired to continue the fight.
Whether it’s about coming up with new business strategies, improving working environment whether in an office space or serviced office, and setting up new targets, these business tips from successful CEOs will guide you along the way.
Dare to risk and chase your dreams – Richard Branson, Virgin Group Ltd.
As a startup, you should be fueled by your dreams and aspirations. The greatest innovations first started with just a simple goal and perseverance. If Richard Branson and other successful businessmen like Steve Jobs and Bill Gates can do it, so can you.
Make yourself be driven by the passion for succeeding and exploring outside your comfort zones. The greatest risk you’ll ever take is to chase your dreams, and it will always be worth it.
Every big guy started off small – John Gokongwei, Jr., JG Summit
In doing business, starting small is always the first step. You start with a small capital to get work done, a small company size to help utilize the capital, and small objectives that will later turn into bigger goals as you succeed.
There’s no shame when your business is still in its “small stages.” Always remember that the big guys you aspire to be were also in your shoes once, and look how they’re winning right now. Start small and always aim for something bigger.
It takes 20 years to build a reputation and five minutes to ruin it – Warren Buffett, Berkshire Hathaway, Inc
Success will always be hindered by certain challenges. It can affect you especially in present time where competition and technology can make or break your business.
As the CEO, you have to motivate and lead your entire team If you ever find your business’ reputation in the face of damage. Have a crisis plan in place before the worst happens. Don’t let your hard-earned reputation be ruined in seconds.
A truly successful man is he who has devoted his life to serving society – Andrew Tan, Alliance Global
The best CEOs, despite the differences, have one thing in common: vision. Setting a vision is the key to your company’s evolution and continuous accomplishments. Your vision compels your team to partake in and for customers to delight in.
It’s easy to get lost in the idea of making tons of profit especially in today’s era where societal perceptions vary. For most businesses, money is almost equal to success, forgetting service along with it. Great businessmen should have a vision of serving not just the target market, but the general public as well.
Never stop learning – Indra Nooyi, PepsiCo
Follow Indra’s #1 advice to her employees: continue learning even when on the job. While certain degree qualifications are necessary to make the company going, the dedication to learn new things will take your business to greater heights.
Recognize your failures and learn from your mistakes and mentors. They are your best teachers in terms of work experience, which you weren’t able to know beforehand. As you learn and grow, so will your startup company.
In starting a business, money is the least of your problems – Francisco Colayco, Colayco Foundation For Education
A small capital and a network of business individuals are enough for you to get your startup running. In your list of problems, money should come in the second or third spot. What you need is a great business plan and strategy that your entire team can abide in.
Monitor market trends and be in the know of innovative strategies. Once you get the hang out of it, money comes in when you least expect it.
If you don’t have a competitive advantage, don’t compete – Jack Welch, Former CEO of General Electric
Doing business is not for the weak of heart. Many businesses have come and go because they could not keep up with the heavy competition. While the economy and improving processes have greatly helped, unfortunately, it won’t do much when up against the competition.
Your startup should bloom and prosper among the competition. When competition strikes, you have to strike harder. Evangelize your market by becoming a thought leader and inspire other business individuals, monitor industry and competition trends over time, and study how you can veer into it.
Success will not last if you do not take care of it – Henry Sy, SM Prime Holdings, Inc.
Success is the sweetest victory for startups, and it may come from profit, company wins, customers, and new goals for the future. Once you experience success, you’ll look for more of it. While gaining success is a milestone, it’s important to consider what’s next for your startup team.
Measure the important things that highlight your success. It comes in packages of key metrics, goals, strategies, targets, and budgets. Afterward, you can have a new plan of action to achieve the next milestone for your company.
The Secret behind Startup Success
Being a successful startup owner is a two-way street. Of course, it won’t be an easy ride. It involves time, effort, and hard work on your part to achieve set goals and objectives in the long run
The secret towards startup success lies in the achievements of your entire company, and it all begins with a refined working environment for all. Foxhole’s line of serviced office can motivate your team towards more success. Now’s the time to start working for your startup’s success!
The following two tabs change content below.
Franco has always had a passion for entrepreneurship. Even at a very young age, he would constantly find an opportunity to make a little cash on the side. May it be selling women’s bracelets made out of safety pins and cheap stones or writing research papers for his rich classmates who didn’t want to study, he took advantage of each chance he got. Now, as a father of three and a full-time entrepreneur, he believes that there is always an opportunity to be of service to your fellow businessman. All you need to have is the right intention, and the proper skill set to be of help to others. In his downtime, he and his wife find new things to distract their kids with.