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======================== 12 Ways Serial Entrepreneurs Can Build Executive Leadership Skills A serial entrepreneur’s expertise lies in successfully growing and selling companies. Yet because they tend to move on from one successful venture to the next, they may not have many chances to gain real experience in leading people. The resulting lack of leadership skills can pose a unique challenge for a serial entrepreneur if they decide to stick around for the long haul in the role of CEO at one of the startups they launch. To swiftly develop the skills needed to steer a new company to long-term success, it is crucial for serial entrepreneurs who choose to stay on as chief executives to explore strategies and approaches that will quickly enable them to become a capable and effective leader. From utilizing personal assessments to finding the right mentor, check out the solutions for quickly becoming acclimated to a leadership role members of Forbes Coaches Council share below. 1. Start With A ‘Listening Tour’ Ask questions of team members about their experiences with the company. Be curious to hear their insights, thoughts and concerns and learn more about who they are, their greatest strengths and if they’re being underutilized. This method will help you evolve as a leader, as the more information you have, the better your relationships and decisions will be. - Lisa Marie Platske, Upside Thinking, Inc. PROMOTED 2. Engage In Self-Reflection A “serial” entrepreneur has a proven track record as an innovator and business builder, but hasn’t yet shown a desire to lead a company for the long term. Self-reflection is the first step in exploring whether they truly want to lead people. If the answer is “yes,” many resources are available at every price point to accelerate the learning curve—including mentors, podcasts, reading, training courses and executive coaching. - Andrea Miller, Veritas Leadership, LLC 3. Lean Into Your Strengths It’s no secret that serial entrepreneurs and CEOs are often very different people. Still, the best way for a serial entrepreneur to become a leader is to lean into their strengths. After all, great leaders and great entrepreneurs do share many things in common, including vision, energy and great people skills. Still, it’s important to be self-reflective about your growth areas and open to learning. - Carol Geffner, CB Vision LLC. MORE FROMFORBES ADVISOR Best Travel Insurance Companies ByAmy DaniseEditor Best Covid-19 Travel Insurance Plans ByAmy DaniseEditor 4. Join Leadership Development Programs Join leadership development programs or workshops, hire a leadership coach or join professional networks of industry entrepreneurs. Also, seeking feedback from team members, embracing learning and actively practicing leadership skills will expedite your development, ensuring a successful transition from serial entrepreneur to effective CEO. - Lital Marom, LITAL MAROM 5. Align Yourself With Company Values Clearly define, communicate and emulate the company values. If you are making decisions and leading people in a way that is visibly aligned with the company values, you will build trust and respect and have a clear North Star that will guide any leadership development over time. - Michele Cohen, Lead to Growth Coaching Forbes Coaches Council is an invitation-only community for leading business and career coaches. Do I qualify? 6. Seek Support From Other Leaders Seek the support of others to accelerate skill acquisition. First, hire an executive coach to deepen self-awareness, identify blind spots and develop new behaviors. Identify a trusted mentor to help you navigate challenges. Finally, enlist five to 10 seasoned leaders to be on your personal “board of directors” to challenge assumptions, provide guidance and offer insights along the way. - Jamie Lewis Smith, Pixel Leadership Group, LLC 7. Build Trusting Relationships Every problem and solution in the world is about relationships. The key step is to build relationships by establishing and maintaining authentic trust. This ensures you will have a better grip on the system so that you can feel more grounded and trusted as a leader, and the rest follows from there. Being a CEO is about thriving in relationships with key stakeholders and direct reports. Relationships create results repeatedly. - Jaya Bhateja, Abhyudaya Consulting Services 8. Invest Time In Mastering Skills Aside from recognizing growth opportunities, knowing your strengths as a leader is essential. Hiring a great executive team that can lead people effectively in rapidly changing working environments is critical to your success, especially as you need to scale and deal with day-to-day operations. The best approach is to focus on things you are good at by investing more time in skill mastery. - Izabela Lundberg, Legacy Leaders Institute 9. Focus On Three Key Areas Serial entrepreneurs with little experience leading people should focus on three key areas: understanding the needs of their team and empowering them to take initiative; fostering strong relationships through solid communication; and developing an actionable strategy for long-term success. By taking this approach, serial entrepreneurs will develop the skills necessary to lead a successful startup. - Peter Boolkah, The Transition Guy 10. Listen With Empathy And Think Long-Term The qualities of a founder and a CEO are not that dissimilar. They both need to listen to understand the need, assess information, be decisive, take action and surround themselves with smart people to ensure success. The biggest gap between them is in their long-term focus. Shifting into a leadership role requires a great deal of listening, empathy, understanding and the ability to think and act long-term. - Tami Chapek, WeInspireWe 11. Be Open To Learning And Continuously Improving A founder can build people leadership skills by seeking mentorship, coaching and feedback, attending programs, hiring experienced executives and continuously learning through self-reflection and new experiences. Finally, they should be open to learning and continuously improving their leadership skills by self-reflecting and seeking out new experiences. - Joshua Miller, Joshua Miller Executive Coaching 12. Get To Know Your Team Serial entrepreneurs are skilled at managing scalability and growth. That often leaves little time for developing their team. An entrepreneur looking to stay on long-term as CEO needs to spend time getting to know the skills, strengths and vision of each key individual. Honing the ability to understand how people are wired, what their own vision is for their role in the company and their communication styles is an ideal place to start. - Kristin Andree, Andree Group ======================== ideal place to start. - Check out my website. ========================