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What would be your best tip for a first-time startup CEO?

Perhaps a very important question that many folks have. This thread could make a huge difference to a lot of founders out there.

6 Replies

David Robinson
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David Robinson Advisor
Investor, Innovation & Entrepreneurial Consultant
https://www.linkedin.com/pulse/hard-truth-being-entrepreneur-david-c-robinson?trk=mp-author-card https://www.linkedin.com/pulse/top-tips-raising-money-your-startup-david-c-robinson?trk=mp-author-card
Arthur Lipper
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Arthur Lipper Entrepreneur
Chairman of British Far East Holdings Ltd.
In terms of financing read my books and visit Royalties.Website Align yourself with someone who has traveled the path before.
Tina Schaaf
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Tina Schaaf Advisor
Headhunter/Executive Search, Executives Agent™ Professional Connector
Build a team of talented, wise and objective advisors to help guide you and do not hold to tightly to the title, "CEO". Instead, keep an open mind, open ears and a dedication to the goal of creating a successful company which meets the original objectives and goals set upon the creation of the start-up.
Arthur Lipper
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Arthur Lipper Entrepreneur
Chairman of British Far East Holdings Ltd.
You may be qualified by your enthusiasm for the project to attract capital and personnel resources. However,it is unlikely that you have the experience or perhaps even personal the characteristics to be a good CEO. CEOs are hired and fired based upon performance. You want to be the hirer and/or firer.
Michael Weickert
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♦ Strategic & Entrepreneurial Executive ♦ Trail-blazing leadership in biotech, medical device & pharmaceutical business
Focus on execution - too many founders get side-tracked by worries about ownership. I actually just wrote an essay about this if you want to hear more (mostly from the Life Science startup perspective though): https://www.linkedin.com/pulse/founders-need-focus-more-execution-than-ownership-weickert-ph-d?trk=pulse_spock-articles Michael J. Weickert [removed to protect privacy] www.witcreek.com [removed to protect privacy]
Arthur Lipper
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Arthur Lipper Entrepreneur
Chairman of British Far East Holdings Ltd.
It all depends on the primary motivation of the entrepreneur. In my books I suggest that investors and advisors require the entrepreneur to identify his PRIMARY motivation (as we all would want each of them). Here they are: Non- prioritized PRIMARY motivation of the entrepreneur to start a business. If acknowledged many businesses can be organized to reflect what the business owning entrepreneur really wants most. Recognition - as a person of merit and importance. Income - the ability increase and possibly control the amount of income received. Satisfaction - from doing something which was successful. Power - to have more control over their lives through the process of controlling the lives of others. Mistakes - made in the seeking of objectives are not criticized or career endangering. Security - is achieved through success and the employer is more secure than the employee. Freedom - to make decisions without gaining the permission of others.
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