What Drives a Business
Trading goods and services for money could be referred to as a business. For any economic activity to make gains there’s need to invest in it. Businesses are of diverse nature and origin for we have state-owned companies, privately owned businesses, and multinational businesses.
“What do you want to be when you grow up?” this is one of the questions that pop-up in most children and adults most of the adults find themselves unmotivated and hate their jobs while others find themselves engaged. Among the most successful business executive in this century is Greg Lindberg; he has several companies in his name. As a freshman at Yale, he founded Eli Magazine and bootstrapped Eli Research to $5.0 million in revenue without any outside capital. The CEO of a regional telecommunications company, never thought he would become a CEO as he started out in humble beginnings in sales than marketing and changed profession to non-profit sectors as an assistant director. In the course of establishing his businesses, Greg Lindberg was able to acquire new skills and competencies. Listening is one of the attributes he learned that molded him to be a CEO. Their investment size ranges from $1 to $20 million for healthcare & financial sectors, $1 to $40 million for industries & services, marketing & sales and less than $200 million for insurance (revenues under $100 million). As a CEO himself, Greg Lindberg knows that it can be difficult to define what a CEO does.
There are some common aspects of the job that most CEOs will have to deal with to be successful. CEO is the highest ranking executive in a business or corporation. His or her main initiative is to develop and implement a strategic plan for the organization and ensure that the plan is being integrated into the organization’s operations. The board of directors is the one charged with the role of supervising the chief executive officer in his role of implementing the strategic plan. For government agencies, the CEO would be the head of the agency and report directly to the governor, President, etc. Where the business organization is owned and run by the chief executive officer there might lack oversight or it might be weak. Making of goals and strategies also involves the chief executive officer; he’s also supposed to implement those goals and strategies.
In most cases, the CEO will also serve as the face of the organization. For many, it will certainly take a few wrong turns along the way and trial and error. In no time, with perseverance and hard work, they also find a job they love.