Top Tips from CEOs
August 02, 2012
15 CEOs from successful tech firms give their top business tips via Twitter.
Peter Corbett, CEO of iStrategyLabs, says some of the most valuable insight he gets is from other CEOs. To get more insight Corbett tweeted the top CEOs and shared some of the best responses with GigaOM. Several responses were on common themes, which can be applied to any small business. See the top four themes below and let us know what you think. Do you agree or disagree with these tips? What would be your top tips for small business owners in 140 characters or less?
Top four tips for small business owners:
• Trust your hunch. If you have an idea that you think will work then ignore the doubters and go with it. Ignore your gut instinct at your own peril. You may be wrong, but you’ll feel worse if you disregard your hunch and you still fail. It's up to you to grow your small business.
• Forget the noise, concentrate on your customer. The opinions of the press, VC funds and the rest are vanity. The opinions of your clients are sanity. Give them something they want to buy, make sure you do it better than anyone else and show your customers a lot of love. The end result is they’ll stick with you and more will come. At the end of the day, your end users are the key measure of your firm’s success, not what a journalist, fund manager or investment analyst writes.
• Focus, focus, focus. Draw up a list of no more than a few priorities and do nothing else but concentrate on achieving those goals to the best of your ability. As the CEO of a growing firm it’s all too easy to get sidetracked, but you need to focus on what you – and by definition, your firm – does best. You’ll be rewarded in the end for your self-discipline.
• Stop thinking, start doing. When you started out, it seemed so much easier: you had a dream and you spent every waking hour realizing that. Now your small business is established, it’s expanding and you’re faced with big new decisions, about moving into new products or fresh markets. Suddenly there seems to be a lot more at stake. You’ve got commitments, assets, employees. One of the biggest dangers you face is to over-analyze a decision. If you fall into that trap you’re likely to lose your mojo. Remember what made your small business a success in the first place. You hit the street with your product, listened to what the market was telling you, changed accordingly. Most important of all, you hustled like hell. Just keep doing the same and you should be okay.