A Startup CEO Secrets Revealed:
From the start of everyone’s career, one dreams of owning and running one’s own business someday. It takes a while to discover what industry and type of company you would invest your life’s work in. Usually you work the corporate ladder on somebody else’s payroll for years and hate it! In my case, for instance, I envisioned and planned for the right moment to take my skills and passion into the world with my own capital, and to strike out on my own as a startup CEO at a pretty young age.
I imagined then that after the initial work of rolling up my sleeves to get my company up and running, my CEO life would assure me plenty of time kicked back in an executive chair with my feet up and my years of brunt work behind me.
Most of us whose imaginations wander into the world of self-employment probably have only a faint notion of the work and commitment it requires to become a successful startup CEO. Some of us may not know how big we want to expand our businesses, while others know exactly what we want to achieve. Whether we want to keep our business small or shoot for the moon to grow a large corporation, we realize that the main ingredients to success are passion and hard work. When we feel the timing is right, we strike out on our own with fervor, persistence and patience. We know that if we want our venture to be a success, we must psych ourselves up with confidence and resilience to mentally prepare ourselves for the toughest and most progressive phase of our lives.

A Startup CEO’s Checklistwhat does a startup ceo do
The first step in any venture is devising a plan, so I had a lot of research to do and many decisions to make. The to-do list of a startup CEO is indeed long, but it can be managed well if you have the confidence and determination that it will all get done in due time.
Here is a list of some major ingredients I would need to be an effective startup CEO:
1. Knowledge and skills about my products, services and the industry in which they fall;
2. A corporate attorney or business consultant to devise a flexible business plan for me and assist me in writing contracts;
3. Proposal of how much venture capital I need and the sources from where I would get the funds;
4. Strong verbal and written communication skills to convey my ideas clearly;
5. Bookkeeping skills or a trusted accountant; and
6. Help during the startup phase from people I know well and who share my excitement.

There were many more projects I completed and skills I had to possess as a startup CEO that I consider tools to that would transfer over to other careers, should my venture not work out. According to Wade Fulton of Forbes.com, contracts are highly regarded as a means to confirm business agreements and services. I learned this lesson the hard way when I bypassed the contract with a client who was a friend of a friend. The client insisted we bartered services, so I took him to court to sue for my fees. I had proof of the quotes I drew up for him and easily won my case. Protect yourself legally by documenting everything!

Ride Out A Recession In The Startup Phase
As a startup CEO, I had to learn not only how to grow my business but also how to save it from the trenches of a tough economy when initial expenses were draining my operating budget. I discovered that starting up a new business as its CEO requires the ability to work long hours for little or no pay. I learned that new startups often take three to five years to show their first profit, so I adjusted to living on a very conservative budget. I knew that if I made some temporary sacrifices, I had a better chance of being rewarded with long-term prosperity. Unless I was lucky enough to have access to a bottomless trust fund, I would have to keep my expenditures down to only necessities for a while.

Keep Your Eyes On The Prize
In the beginning, it was easy to become overwhelmed with all the industry data and project details coming at me. To keep my sanity in check, I kept friends and consultants nearby with whom I could discuss my ideas. That is just good sound advice for us all to follow when our careers get stressful and our company goals and objectives are on shaky ground. I kept a positive outlook and stayed focused on my goals, faithful that months and even years of hard work would turn my scarcity into prosperity.
No matter how tough entrepreneurship has been at times, it has shown me the rewards of having relentless belief in myself that I could follow my life’s purpose. It has given this startup CEO a sense of validity and purpose.

Aniket Warty

Aniket Warty

Adventure Capitalist. The creation of wealth is merely an extension of my innate freedom to produce.

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