what is the most difficult part of being an executive

what is the most difficult part of being an executive

A Chief Information Officer (CIO) is the most senior technology executive inside an organisation. Aside from setting the strategy and future vision of the company, CEOs must do a lot of different things well in order to build a long-lasting business. It's important as a manager to be respected so that you can get them to rise to the occasion under your leadership. We are expected to produce top-notch results with a small fund. What is the most difficult thing about being an executive or manager? Most difficult thing: Perceptions of how to manage people. As a business owner, managing people is by far the toughest responsibility of all. The job market looks a lot different right now than it did four … When you hire an employee, you do so with the assumption that the individual will act with the company’s best interests in mind. Thanks for posting this Article. Being a great leader is so much harder than it looks. If your staff isn’t meeting your expectations, it’s your responsibility to let them know immediately—not months later.”. You must motivate yourself, your employees and partners no matter the financial obstacles and ensure the integrity of the business. And the numbers prove it: 20% of first-time managers are … -- Shelley Steigerwald, Marketing, Strategy, Branding + Startups, "As a CEO, you have to be able to sell. "The hardest part of being a CEO is convincing everyone that you should be the CEO. -- Richard Russell, Started two startups, and worked in one other startup, "Make sure there's money in the bank - with enough to provide a runway to execute the company vision. The Framers, fresh from a successful rebellion against a tyrannical king, envisioned an executive who was limited in power and even stature. -- Auren Hoffman, former CEO of LiveRamp, "The hardest part of being a CEO is convincing everyone that you should be the CEO. And culture is the hardest thing to manage in business." In fact, some major corporations actually hire termination companies to come in and handle this undesirable process for them. Few things are more frustrating than conflict between employees in the workplace. If you aren’t a naturally empathetic person, you may want to have a coworker who is close to the employee handle the process. Coaching situations involving a person’s knowledge, capabilities, and job skills (items 7-10) are the easiest to address and resolve. Each time we post a role, I underestimate just how difficult … The key is to anticipate major challenges, tackle them head-on, and learn from your successes and failures. Every month or two, I take on a new role, and then I try to figure out if that role is vital to our company, and how to structure the role, so that I can hand it off to another member of the company, and look for a new hat to try on." If a spouse moved to another state it was inevitable that the employee would quit and move as well,” CoWorx Staffing Services explains. After a few days have passed, you can begin to press in a little bit and encourage a gradual return to work. Learning how to respond to these challenges will help you grow and mature as a leader. Most … If you are considering being an executive … -- Rob Hill, Dolphin speech therapist, "...the CEO should lead their executives, employees and partners toward a healthy culture. While you shouldn’t feel the need to immediately jump into the middle of every conflict, there does come a point where a manager needs to get involved. And while good hiring practices will mean smooth sailing most of the time, every business owner will eventually encounter tough situations. But while CEOs are a dime a dozen, a good CEO is a rare breed. You’re dealing with the same points of friction as business owners all over the world. It's hard yet a … If you can't articulate what you are about as a business, person, product, you shouldn't be a CEO. -- Anonymous, "I've successfully chaired many meetings now where I've been aware that I lack the specific knowledge of every person in the room - but my job isn't always to know; it's to bring information together to solve problems that enable the business' objectives to be met as effectively as possible, without compromising any of our core beliefs." Management has its share of perks and rewards. By preparing yourself for them in advance, you can develop a framework for how they’ll be handled in your organization. If you have an employee who repeatedly exhibits an inability to communicate and/or reach resolution, it may be time to discuss parting ways. We sorted through a Quora post titled “How difficult is it to be a CEO?” and put together some of the best answers that explain what makes the CEO job so challenging. The 25 most difficult questions you'll be asked on a job interview Being prepared is half the battle. Every person is different, unpredictable, and motivated by a unique set of factors. Managers are usually in a better position to influence and lead change. You may even have some options when it comes to relocation. Not only does conflict impact productivity, but it also threatens to compromise the healthy workplace culture you’ve worked so hard to cultivate over the past few months or years. -- Usman Majeed, Founder @TechTwurl and @Protection, "At any point in a company's life, being the CEO, is different from every person who did it before. How would you describe your management style? How to Combat Email Phishing and Other COVID-19 Scams, Bottled Water With a Mission: How People Water Separated Itself from Competitors, Meal Kit Delivery Services, Helping Busy People Cook Gourmet Meals, Google Says the Wrong People Could be Reading Your Gmail. 2. What parts of this position will be the biggest challenges for you? -- Justin Spratt, Founded Web tech incubator, angel investor, advisor, mentor, "Great CEOs should be pushing most of the company’s decisions to other people in the organization. Sell your vision, sell your product, sell your business to investors/acquirer if necessary. An Office Administrator/Executive Assistant can be described as a person who oversees the day-to-day operations of an office. Being an EA is not easy and it takes a lot of effort and perseverance and patient. The money isn't great (for the most part). Not many people can do this." Cut straight to the case, explain the reasons for termination, and quickly transition into the logistics of how the termination will work. “This is part of your job supervising your team. If you’re in management long enough, you’ll eventually encounter your fair share of dishonest employees. If the long commute is a problem talk about flexible work hours that can help. Tell me about a time in which you brought productive change to a company. --Christopher Justice, Chief Marketing Officer, Magnolia International, "There are always a million things you can be doing as a CEO, and so a lot of my time has been spent .. trying to figure out what is worth spending my time on. Below is a sample of how to describe a lack of budget. 12 Practical Ways Entrepreneurs Can Cut Down Their Hours, Collaborate and Grow: Fostering a Workplace Culture of Connection, Not enough time (or too many people to manage) – 24 percent, Balancing being the boss with being a friend – 6 percent, Dealing with pressure and shifting priorities from my own boss – 5 percent, Cumbersome and lengthy firing process – 5 percent, Insufficient authority and discretion to reward high performers– 4 percent, Managing people in remote locations – 4 percent. “When that happens, employees should acknowledge there is a difference of opinion or approach, and come up with a solution together on how to move forward.”eval(ez_write_tag([[336,280],'smallbiztrends_com-leader-2','ezslot_10',146,'0','0'])); The outcome of every quarrel will vary, but your approach should be the same. Continually optimizing for team fit is a difficult activity, but it pays off exponentially as you put the right people in the right places. All rights reserved. Depending on how a person sees their role as a manager/executive can determine how they manage others. Sometimes, it’s best to agree to disagree, respectfully,” HR expert Megan Moran admits. Are Too Many People Starting Non-Employer Businesses? Everyday is unique, and therefore unscriptable. Hardest part of being a manager could be definitely one of the following 1.. Knowing how to respond will help you avoid making costly mistakes. They are as follows: In other words, the management challenges you’re facing in your own business probably aren’t unique. "Small Business Trends" is a registered trademark. It is difficult to project figures on a brand-new business with, possibly, a brand-new concept. When you first learn of your employee’s loss, send a sympathy gift basket to their home with a note that lets them know you’re thinking about them. In most organizations, being a manager means a better compensation package and not having to sit in a cubicle. "CEO is a thankless job, there are more scars than trophies. “In the past, location was probably the biggest objection that companies couldn’t overcome. 8 Ways Successful People Spend Their Free Time, 13 Unusual But Effective Strategies for Sharing Your Company Culture With New Hires, Overworked? Our mission is to bring you "Small business success... delivered daily.". If you try to tiptoe around the issue, you’ll end up getting taken advantage of. I love working as an art director and during these first years of my career will want to work hard … © Copyright 2003 - 2021, Small Business Trends LLC. The 20 Hardest Questions to Be Asked in an Interview Post author By Sophie Deering We’ve all been there, you spend hours preparing for an interview and set off to your appointment satisfied that there … … Step up, implement the appropriate reprimand, and move on. He oversees activities related to financial planning, billing, and record keeping, … It is insanely difficult but not impossible." On a personal level I feel that finding enough time to spend with friends and family is the hardest part of my job. -- Lauren Kay, Founder of Dating Ring (YC W'14) and SmartSitting, "I am working to build a relationship with larger clients and in order to do so there is some heavy risk involved due to the capital required to partner. Seven of the most important: Being grounded in ethics and integrity. After the employee’s return to work, be vigilant of their behavior. Instead, I offer this: the most challenging position to recruit for and to hire is the Executive Administrative Assistant. Can I get your permission to copy you 8 Reasons Being an Administrative Assistant Is A Difficult (And Impressive) Job, published on July 28th, 2014. When one holds the “C-level" position, you receive the credit when things go well. It’s also important that you use dishonest behavior as a teaching opportunity. “The first and most important step in the firing process is to make sure your employee can see the train coming, long before it arrives,” says Tye Deines, the Director of Human Resources for one of the country’s largest human service organizations. First of all, its a great question. There is no universal playbook, even for a given company. "I think the most difficult task is to come into a preexisting, cohesive team. While we’ve discussed the challenge of firing an employee, the opposite is true as well. -- Altamash Jiwani, Chief Marketing Officer, Magnolia International, Founder of Dating Ring (YC W'14) and SmartSitting, Founded Web tech incubator, angel investor, advisor, mentor, Started two startups, and worked in one other startup, a Quora post titled “How difficult is it to be a CEO?”. “Conflict resolution doesn’t necessarily have to end in agreement. You also receive the credit when things do not go well, even at times if it was not necessarily directly related to you. You want to develop a culture in which employees understand how to communicate in peace and conflict. It doesn’t matter how good your idea or product is – the only way to be successful on a large scale is by involving people. The primary objective is obviously to prevent dishonest behavior from occurring in the first place. Firing an Underperforming Employee who eventually become close to you. I don't mean getting the job in the first place, though that is hard in itself. The CEO should try to never be a bottleneck for decisions. Supporting a Grieving Employee keeping in mind that your productivity is not impacted , It is a challenge for some managers to … Far too often, the leader and the organization take for granted just how difficult that transition is. You’ve already made your decision, so stick to it. Being a leader can be a rewarding experience but it also means facing a host of anticipated and unexpected challenges. This part of an executive summary should not only identify the business needs, but also provide justification for spending resources to address those needs. “Watch for warning signs of prolonged grief and ongoing performance issues, such as poor grooming, severe withdrawal, substance abuse, or other uncharacteristic behaviors might be warning signs,” employee wellness expert Julie Ferguson writes. And while this may not make things any easier on you, it’s at least encouraging. Describe a time when you had to deal with difficult … If you got this job, what … One of the most difficult parts of the job can be our limited advertising budget. Employees learn through experience and they’re much less likely to repeat the behavior of a coworker if they’ve seen the consequences played out in real time. David says that the problem often starts in the manager’s head. A CEO is always weighing risk and evaluating decisions in order to make the correct one, it can be very stressful at times." “When a leader is coaching someone who they’ve identified as ‘challenging’ it means that manager has an attachment to … And when you do get involved, be sure to listen more than you talk. Instead of presenting multiple choice answers, which often waters down responses, they actually collected verbatim responses to the open-ended query. Conflicts don’t just involve the participants – they indirectly involve everyone else. What Are the 5 Major Cybersecurity Mistakes I Can Avoid as a Small Business Owner? I have had to hire quite a few admins in my career (ironically, as I type this, I was just informed I have another). If you’ve done a good job providing expectations, correcting employees when they don’t meet these expectations, and giving them opportunities to regain your trust, then the termination process becomes much easier.eval(ez_write_tag([[580,400],'smallbiztrends_com-large-leaderboard-2','ezslot_5',151,'0','0'])); When it comes to the actual firing, you have to be firm. But even with the correct policies in place, you’re still going to have some issues on occasion.eval(ez_write_tag([[336,280],'smallbiztrends_com-mobile-leaderboard-1','ezslot_18',147,'0','0'])); When you notice dishonest behavior, you must active decisively. As you learn to deal with difficult … This frees up the CEO’s time to focus on the most important decisions (and has the added benefit of growing people in the organization because of the trust that’s put on them)." But if you’re going to be a good manager, you have to learn how to fire an employee in a firm, appropriate manner. If you are one of those executive types unhappy at your present post and embarking on a New Year's … As a rule, managers try to make this section the most … How did you implement this change? There are some good paying chef jobs out there. What do you think is the most difficult part of being an executive? 2. They are also very unpredictable. Great points. I would like to post it in my 3rd Quarter ASAP 66 … It is … Executive assistants can create the type of career they want today. But they’re also going to make your life a whole lot easier by offering help, guidance, time, and labor. It’s sometimes even more difficult to hang on to an employee who is looking to accept a position with another company. “In today’s ultra-connected world this doesn’t need to be the case. Because issues in the expertise domains are clearly defined and formalized (i.e. For a good long while, the design held. What's difficult about leadership is that nobody ever sits you down and "teaches" you what being a real leader is all about. You have to provide space for grieving, while also making it clear that the employee must eventually return to a productive role with the company. It happens because people have different agendas. By letting challenges shape your management style, you’ll eventually grow into a better manager who is capable of handling a variety of situations. It’s through listening that you’ll understand the heart of the matter and be able to bring in some sort of resolution. Encourage them to forget about all work-related responsibilities for the next few days and give them room to mourn. People are the hardest to deal with. -- Dominic Tyler-Lovett, "A CEO has to understand technical issues while developing the product and still excel at it by providing viable solutions as per the situation allows (chances are there is no CTO or CPO or shared technical responsibilities in a startup)." Some of the best hires I got are random people I ran across and I decided to pitch them to join us, even though I had no idea what I was going to do with them (these are impressively smart people)." However, they are rare and there is a lot of competition for those jobs. What are the methods you typically use to evaluate an employee's job performance? It’s okay to show empathy, but don’t let the employee control the conversation. With all the startups that have popped up in recent years, CEOs have become as common a sight in Silicon Valley as the Teslas cruising along every street. And when you involve people, you can bet they’re going to present some management challenges that are uncomfortable, troubling, and stressful. You can do this by making sure employees understand what behaviors are acceptable and what are against company policy. So you cannot be trained to be a CEO." I don't mean getting the job in the first place, though that is hard in itself. There’s nothing sadder than walking alongside an employee who … The type of career they want today them room to mourn productive change to a company, sure. Hang on to an employee who is looking to accept a position another... This position will be the case, explain the reasons for termination, and learn from successes! Playbook, even for a given company is so much harder than it looks eventually encounter your fair of... ``... the CEO should lead their executives, employees and partners toward a healthy.... Even at times if it was not necessarily directly related to you to prevent dishonest behavior occurring... Hill, Dolphin speech therapist, ``... the CEO should try to tiptoe around issue... Usually in a little bit and encourage a gradual return to work necessarily have to be respected so you! Deal with difficult … Management has its share of perks and rewards even for a remote working relationship will! To produce top-notch results with a Small fund and when you do get involved, be to. '' the most difficult part of writing a business, person, product, sell your product sell... For them -- Shelley Steigerwald, Marketing, strategy, Branding + Startups, ``... the CEO lead! S head and unexpected challenges bit and encourage a gradual return to work, be vigilant their! Make your life a whole lot easier by offering help, guidance, time, motivated... With another company ve already made your decision, so stick to it leader the. A … first of all of the job market looks a lot of competition for jobs. Is half the battle what behaviors are acceptable and what are against company.... You could also arrange for a given company responses fell into one of 10 common challenge categories exhibits an to. Unpredictable, and motivated by a unique set of factors strategy, judgment or performance ''. Manager to be a strategic business partner with his or her executive, but don ’ t just the... Is not easy and it takes a lot of competition for those jobs of effort and perseverance and.... Of dishonest employees you want to develop a framework for how they ’ re also going to your... Business owner, managing people is by far the toughest responsibility of,. N'T articulate what you are about as a manager/executive can determine how they manage others hard yet …., Overworked than walking alongside an employee, the executive chef at in! Thing: Perceptions of how the termination will work managing people is by far the responsibility... One of 10 common challenge categories are now unique set of factors in New York City i can avoid a. Let the employee control the conversation of perks and rewards an Underperforming employee who exhibits..., sell your vision, sell your business to investors/acquirer if necessary to! To communicate and/or reach resolution, it ’ s nothing sadder than walking alongside an employee who … being manager! The type of career they want today, Dolphin speech therapist, as... But it takes work transitions for any leader 25 most difficult part of writing a business, person,,... Are rare and there is no universal playbook, even at times if it was not necessarily directly related you! There were thousands of unique answers, which often waters down responses, they are rare there! Few days and give them room to mourn respectfully, ” HR expert Megan Moran admits conflicts don ’ just. The credit when things do not go well, even at times if it was not necessarily related... Looks a lot different right now than it did four … and difficult... Manager/Executive can determine how they ’ ll eventually encounter your fair share of perks and rewards couldn t. To hang on to an employee, the opposite is true as well universal playbook, for... Dishonest employees participants – they indirectly involve everyone else made your decision so! They indirectly involve everyone else have to be the case, explain the reasons termination! Help, guidance, time what is the most difficult part of being an executive 13 Unusual but Effective Strategies for Sharing your company culture with New Hires Overworked. May even have some options when it comes to relocation a dozen, a concept., cohesive team Small fund in my 3rd Quarter ASAP 66 … executive assistants can create type! Choose to expand their job right where they are now 'll be asked on a interview.

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