What are the top 5 priorities for a startup CEO (in order)?
I am sometimes overwhelmed with all I have to balance and prioritize. What needs to be done first, what to focus on next, what tasks to delegate to my team...etc. I want to stay on top of things and make the most use of my time, while staying calm and cool. So far, it's harder than it sounds. How have other startup CEOs prioritized launching their business?
This is a gift and a curse, but at this point you will really need to keep a cool head and tap into your interpersonal and leadership qualities. You may also want to look to your team for ideas, direction and motivation just so you know you're all on the same page. Working to the same priorities and with the same levels of motivations can deliver coherent results. In order or priorities, I'd suggest the following;
1. Tasks or matters of "Urgency" - Actionable Revenue Processes (orders, deliveries, responding to queries etc)
2. Which tasks are "Necessary" for the team to be able to move operations forward (planning, procurement, etc)
3. What "Essential" operations need to be carried out in order to meet goals (producing, servicing etc)
4. What are the"Important" steps/actions needed to achieve smooth operations.
5. The "Must Do" tasks.
Using the above model, decide (together with your team), what everyone's priority list are based on the definitions above and how they meet the overall business objectives. Discuss what those priorities are and measure their output making sure there is a process for evaluation and continuity.
Finally, Before you delegate, you may want to ask yourself these questions;
1. How good are you at delegating? - There lies a problem especially if your business relies a lot on your own skills.
2. What parts of your business activity can be delegated to free you to do what you do best and improve your bottom line?
3. What will be the costs of delegating against productivity, efficiency and increased revenue?
Being comfortable delegating parts of your business activity is a good start. Identify the various activities that you feel are not your biggest strengths.
Once you have assessed all of the above, you will be in a better position to know when, what and how to delegate not forgetting to weigh up the cost implications against productivity to plot your efficiency and revenue curve.
Truth is there are people who do what they do really well and there are always those who are also really good at what we struggle to do.
Hope this helps. Feel free to connect if I can be of further help.