CEO Development: Making Million Dollar Decisions
November 12th, 2009
Filed in: CEO Mindset
The most important shift you must make as a CEO is to start making decisions like you are already the head of a multi-million dollar business. Learn how you can catapult your business into a new dimension by thinking big!
One of the shifts most entrepreneurs make as they try to grow to the next level is to use the same strategies they started their business with, versus using a new set of strategies, decision making and mindsets for 7 figure results.
Start-up decisions will keep you focused on the wrong end of the equation and will most likely keep you much smaller than you should be. In growth mode, we need to focus on long-term goals, tie strategies to infrastructure upleveling, hire managers who can take entire chunks of business off our plates.
But what most people do at this crucial juncture is fear spending money, hire the cheapest labor possible and focus on how to make more money today. Then these stuck entrepreneur lament about their lack of growth…wondering why on earth they are not making it to the next level!
One of the most important advancements I ever made in my personal CEO development was to start making decisions today based on the business that I wanted, not on the business I currently had.
You have to think BIG and start making decisions like the CEO of a multi-million dollar company regardless of where your resources are at today. Once you put yourself in that zone and start building your business upon a “millionaire” mindset your growth will be exponential.
One technique that is a phenomenal tool in adopting a millionaire mindset is modeling. Modeling is a powerful tool in business and when applied in the sector of CEO development it can be explosive!
You can start by looking at the “big thinkers” of your industry – find out how they made the jump from “business owner” to CEO superstar – and start to tailor your plans for growth along the path they took to success.
I’d argue that Oprah is one of the most recognizable faces in the world today and whether you are a fan or not, you cannot deny her entrepreneurial prowess. In order to create the billion dollar empire she has today Oprah has to devote her time and energy to what she does best – her strengths, her passion, her star factor!
Oprah has mastered the art of finding her central focus and outsourcing the rest. In order to achieve “Oprah level” success you have to be prepared as a CEO, to delegate total ownership to a team of people whose passions and competencies are aligned with your own.
It may be hard to envisage right now, but the right team can carry out your vision for you, allowing you to live the lifestyle you desire with the business you’ve always dreamed of.
Just for a moment, pretend you already have your multi-million dollar business, and consider the following questions…
- What would you have to approach differently in your business in order to achieve your ultimate vision?
- Who could get your projects done if you weren’t to do them?
- What business model would you need to adopt in order to consistently achieve 6 and 7 figures?
- What would have to happen for you to make the impact you want to on the world?
- Who do YOU have to be to achieve your millionaire dream without giving up your lifestyle?
The questions you ask will directly affect the results you achieve and the speed at which you achieve them. The harder you challenge yourself as a CEO, the bigger your business growth will inevitably be.
In the words of, David Joseph Schwartz, “Think little goals and expect little achievements. Think big goals and win big success.”
To learn more about CEO development and leading your business to a whole new level grab your copy of The CEO Manifesto by Melanie Benson Strick.
CLICK HERE to claim your free copy now!
Related posts:
