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9 CEO Characteristics that You Need to Develop

There are approximately 250,000 chief executive officers – better known as CEOs – working at companies across the U.S. today. And for the most part, they all have one thing in common: They’re leaders.

It’s almost impossible to serve as the CEO of a company without having good leadership skills. You need to be able to get people to rally around you and believe in you when you’re working as a CEO.

But you need more than just leadership skills to be a successful CEO. There are also other CEO characteristics that every good CEO needs to have.

Take a look at 9 CEO characteristics that you need to develop if you’re going to be the best CEO you can be.

1. Communicates Effectively

The worst kind of CEO is the CEO who doesn’t know how to communicate effectively, both with their employees and with those outside of their company.

CEOs need to know how to talk to their employees to make them feel important and valued. They also need to know how to listen to their employees so that they know what things they need to change about both themselves and their companies as a whole to keep people happy.

If you aren’t a good communicator and can’t always find the right words to say to people, you’re probably not going to ever be a great CEO. It’s one CEO characteristic that you must have to assume a powerful position.

2. Learns From Past Mistakes

As a CEO, you can’t be overly stubborn. If you did something in the past that didn’t work out so well for your company, you can’t ever make that same mistake again.

That doesn’t necessarily mean that you shouldn’t stand behind and believe in something that you think will work eventually. But if you’ve made mistakes in the past that have cost your company time and money, you should avoid them at all costs.

A willingness to learn from past mistakes is the sign of a great CEO. It shows that they’re determined to do what’s best for their company as it moves forward.

3. Expresses Enthusiasm and Excitement

CEOs need to set the right tone for their companies. They need to express genuine enthusiasm and excitement for the future and get their employees fired up about what’s to come.

You don’t have to have your pom-poms out at every single town hall meeting trying to get your employees as excited as you are. There are going to be times when you have to lay down the law to show people that you’re serious about your company.

But generally speaking, you should be as upbeat and positive as you can be on a daily basis. That approach to work will prove to be contagious and will spread to those around you.

4. Takes Smart Risks

Winning in the business world requires risk-taking. You’re not going to be able to steal second base if you’re too scared to take your foot off first.

But if you’re going to serve as the CEO of a company for a long time, you also need to make sure that the risks you take are calculated and well thought out. These types of risks will pay off in the long run and will show that you’re not afraid to step out on a limb when you need to.

5. Understands the Challenges Employees Face

Your employees face challenges on a regular basis, both when they’re at work and when they’re at home. What are those challenges, and how can you make them more manageable?

Those are two questions you need to ask yourself regularly. By identifying the challenges your employees have to deal with day in and day out, you can work to make life easier on them. This will produce better results for your company over time.

6. Knows When to Shake Things Up

To run a successful business, you need to get comfortable with being uncomfortable a lot of the time.

Don’t be afraid to shake things up inside your company to keep your employees on their toes! You don’t need to have your employees feeling anxious all the time. But they should feel motivated to put their best foot forward from the moment they walk through the door every morning.

7. Thinks Way Outside the Box

What can your company offer that other companies in your industry aren’t offering at the moment?

Thinking outside the box will allow you to come up with innovative new products and services that will set your company apart. It’ll also force your employees to join you in thinking outside the box early and often so that they’re able to generate winning ideas.

8. Keeps One Eye on the Future

Your company may have just experienced a 500 percent growth in the last 12 months. And that’s great! But what’s next?

As a CEO, the words “what’s next?” should be on the tip of your tongue each and every day. You always need to have an eye on the future so that you don’t ever get complacent and fall behind.

9. Works on Self-Improvement at All Times

If your life outside of work is in shambles, it’s eventually going to catch up with you and affect your performance at the office.

Therefore, CEOs need to work on self-improvement all the time. Whether that means working on your marriage or getting help with addiction, you should strive to turn yourself into the best person you can be.

View here to see how you can get the help you need to improve yourself right now.

Start Developing These CEO Characteristics Today

Do you have all of these CEO characteristics right now?

If not, you should make it a point to start developing some, if not all, of them. These qualities of a CEO will help you lead your company more effectively both now and in the future.

Read our blog to learn some tips that will help you take your business to the next level as a CEO.