“You’re a first-time CEO. You’ve built your team, hired kick-ass employees, brought on strong leaders, so… now what?” Making the transition from going it alone to having the power to delegate can leave a void of activity in your working day. Ring any bells?
A recent blog by Silicon Valley Venture Capitalist Scott Weiss might just give you the direction you need to make the most productive use of your time. He has created a weekly CEO’s checklist to help you make the most of your time:
Sell your vision
You need to be able to talk about the company in a really compelling way, and not just for potential customers. PR firms, employees, investors – these groups all need to be convinced by your passion and vision to really work hard for you.
Push your team
A few ways which Scott suggests for pushing your team for their very best work are:
- Setting aggressive goals, and reviewing regularly
- Giving frequent feedback so employees know what’s expected and how they’re doing
- Holding weekly staff meetings to keep on track with projects and goals, and give a forum for suggestions
Sometimes a wealth of excellent people means a wealth of excellent ideas, some of which will naturally oppose each other. Compromising every time will mean that the biggest and best decisions are never allowed their full potential, so don’t be afraid to back whichever you think is the better idea.
Management by walking around
Self-explanatory, really. Walking around your office gives you the chance to catch up with employees and stay connected with what’s happening in on a day-to-day basis in your business. Sitting in your office won’t tell you half as much about your company as getting amongst it will.
Talk to customers
Customers are the most important people to get feedback from. If you can spend time talking to them about what they like and don’t like, you’ll stay current, relevant, and in touch with their needs – which you really do need to be.
So, if you are a new CEO and are wondering what to do with your day now that you have the provision of delegation, don’t stay in your office, get out there and immerse yourself in your business.