Tuesday, July 29, 2014

Age is just a number: Career tips for young startup CEOs

Image Source: mnn.com

In business, older professionals have the advantage of wisdom, which means that they're well-equipped to prevent businesses from repeating mistakes. However, young professionals typically have energy and flexibility, which are important in a world of quick adjustments. They also tend to be more receptive to new ideas and willing to take risks.

Image Source: herahub.com
 
Although there certainly isn't a dearth of young CEOs, becoming the head of a business isn't as easy as seems: successful young CEOs like Jack Dorsey of Twitter and David Karp of Tumblr are on the rise, but are not yet the norm. The following are some simple career tips for those who want to work their way to the top before they reach their 40th birthday.  

Learn to network

Image Source: thebusyexecutive.com

Few startup owners have the financial ability to fund their enterprise on their own, and investors are necessary for further business growth. Networking is crucial in building a business. Building and maintaining professional and personal relationships help young CEOs find new talent for their team, meet potential business partners and clients early, and make their presence known to potential investors.

Networking can also help startup CEOs determine, in the case of acquisition, whether a large company would be a good fit. Aspiring young CEOs can attend and host networking events and participate in online networking.  

Be confident

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It's important for entrepreneurs to trust themselves and be confident in their decisions. While advice and feedback from others are important, young professionals should be wary of both well-meaning folk with misguided advice and those with ulterior motives.

Don't try to do everything alone

Image Source: champsoftware.com

Often, young CEOS will fall in love with their business so much that they'll insist on micro-managing.

Although it's true that CEOs have a responsibility to make sure that their businesses are running smoothly, it's important to find team members who are trustworthy and just as committed to the success of their companies and delegate other simpler aspects of the business to them.

Younger CEOs will benefit greatly from insights and should seek the advice of mentors and corporate development coaches so they can wend their way through the murky waters of new businesses.  

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