Mergers & Acquisitions Advisory

A Neumann & Associates, LLC

August 8, 2019

Seven Tips For CEOs to Maintain Momentum in Their Businesses

By Achim Neumann

In the world of business, it can be difficult for CEOs to keep the creative momentum rolling for themselves and their teams all throughout the year. Below are seven tips for CEOs to maintain momentum in their businesses.

  1. Learn The Superpower of Staying Calm

When building momentum, choices often arise, and those choices are capable of overwhelming the brain. Every insignificant thing which could go wrong will go wrong, or some other thing will happen to demand your attention. Things like making yourself available to friends and family, finding time to exercise or to eat the right foods, getting enough sleep, and committing enough time to your creating endeavors. In all this, the one superpower that will save you is the ability to respond positively. You might need to learn to breathe deeply a number of times and maintain your cool.

  1. Keep an open-door policy

While it is easy to get carried away with the momentum of running your company, it is important to make time to break out in unexpected rejoicing when good things happen. This might involve attaining a goal or hearing a great story from an employee. Doing this takes the stress out of keeping the momentum flowing. The easiest way to ensure that you are always accessible for this kind of thing is to maintain an open-door policy in your company.

When your employees know that they do not have to bother with knocking on a door or breaking through a barrier to reach you, they are more likely to come to you and to understand what needs to be done to keep going. 

  1. Measure and Manage Your Short and Long-Term Goals.

Many CEOs try to run their companies by looking too far ahead and then find themselves losing steam and momentum. Instead of doing things that way, high-performing CEOs measure their long-term success by breaking them down into shorter goals. For example, three-year goals can be broken down into yearly, quarterly, monthly, weekly and even daily activities. When these individual targets can be measured, they are easier to manage.

  1. Set Targets That Are Realistic and Actionable

Some CEOs find that in the pursuit of a large goal, they and their team can get involved in work that has no well-defined purpose. A lack of purpose makes teams feel uncertain, and that lack of certainty can serve to make momentum dwindle. It is essential that CEOs set targets that are tangible and achievable so that the team always knows where it is going and what it needs to do.

  1. Mindset Builds Momentum

Maintaining the right mindset when on a creative journey helps build and maintain momentum. By keeping your mind focused on doing what is necessary, resting your brain when it gets tired and staying appreciative of the opportunity to work and build along with your team, you are able to keep the energy going forward.

  1. Keep a Daily Checklist

People who build successful creations have a checklist of things that they do every day that relate directly to the project being built. For example, a CEO might make a point of calling key customers every day, working on a particular project with team members, and so forth. Regularly checking of things to do on your list keeps the momentum going forward.

  1. Think Smart Work, Not Hard Work

It can be hard to keep the momentum going if you are always hard at work. CEOs that follow the 80/20 rule know that the smart way to work is by delegating things that take too much time or other people are better at and doing only the things that they are able to solve efficiently. This smart way of working keeps everything going smoothly.

Keeping the creativity going in a company can prove tricky, and at some point in the year, momentum can falter. CEOs can use these tips to stay moving and keep their teams productive all year.

About A Neumann & Associates, LLC

A Neumann & Associates, LLC is a professional mergers & acquisitions and business brokerage firm having assisted business owners and buyers in the business valuation and business transfer process through its affiliations for the past 30 years. With an A+ Better Business Bureau rating, the company has senior trusted professionals with a deep knowledge based in multiple field offices along the East Coast and has performed hundreds of business valuations in its history. The firm’s competitive transaction fees are based on successfully completing transactions. For more information, please contact A Neumann & Associates at 732-872-6777 or info@neumannassociates.com

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