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Issa Asad Explains Internet Businesses You Can Start Right Now

Issa Asad Internet Business

Issa Asad Explains Internet Businesses You Can Start Right Now

Issa Asad Florida

Issa Asad Florida

The internet is a great equalizer. Needless to say, it has leveled the playing field especially when it comes to business. With so many people trying to boost their income, internet-based businesses have proven lucrative.

“Technology has made it possible for entrepreneurs to work from anywhere or conduct business on the move,” said Issa Asad Florida businessman and entrepreneur since 1996. Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings, located in South Florida. He is also the author of 4 e-commerce and marketing e-books that can be purchased on Amazon.

If you are looking for an opportunity to expand or start a business that will enable you to set your own schedule or work as much or little as you want, here Issa Asad Explains Internet Businesses You Can Start Right Now:

1. Become an Amazon seller

Research and statistics have proven that more than 43% of e-commerce sales in the United States came from third-party sellers. By becoming an Amazon seller, you can easily interact with a whole traffic of consumers who are ready to purchase various products from Amazon.

In addition to this, you will be operating under one of the most trusted names in online retail, this alone should let you know that half of the work has already been done for you. On the other hand, if you decide to establish an e-commerce website from scratch, it may take years to establish trust.

As a well-known, loved and trusted platform, Amazon has been able to set itself apart. Wondering how to get started? The process is easy even for the most inexperienced seller. You simply need to choose a category or niche of specialty such as jewelry, beauty, clothing or more. Over time, you will need to learn about the demand and supply chain and also stay in tune with your clients. You can promote your business on various social media avenues and other marketing forums.

2. Join the Cryptocurrency ecosystem

With the drastic surge of Bitcoin and the rise of Blockchain, the Cryptocurrency ecosystem has been inviting to many entrepreneurs. Needless to say, in a few years down the line, Bitcoin may be the universal digital currency as it makes it possible to enjoy international transactions without worrying about the hefty processes that come with third-party banks.

The Bitcoin Cryptocurrency also present several business opportunities including Bitcoin mining which involves online accounting processes by which transactions are verified and/or compiled into a public ledger.

By keeping abreast with the Bitcoin market, you can connect with various companies and take a cut of earnings for each project that you participate in.

3. Venture into Facebook advertising consultancy

Facebook has taken over the online advertising market. This social platform has accounted for the overall growth of the digital ad industry. It enables small and big businesses alike to advertise on a smaller budget; something that was not possible in the past.

You can be able to earn money online by helping online businesses to establish their online presence. With the right copywriting, communication and research skills, you can create attractive content and find the best ways to promote different products and services

It is also possible to learn the skills of the trade from successful consultants who have already established themselves.

Issa Asad Gives 5 Tips for Raising Your Business Motivation

Issa Asad Motivation

Issa Asad Gives 5 Tips for Raising Your Business Motivation

Issa Asad Florida

Issa Asad Florida

You cannot experience a spirit of enthusiasm daily. As much as you fall in the category of those who overflow with enthusiasm, there are certainly days you just feel very demotivated. You try your best to psyche yourself but nothing works out.

“Although you want to indulge in productive tasks, you are neither deriving the desired efficiency nor enjoyment,” said Issa Asad Florida businessman and entrepreneur since 1996. Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings, located in South Florida. He is also the author of 4 e-commerce and marketing e-books that can be purchased on Amazon.

Are you currently facing such a scenario? Fortunately, there is a solution to your problem. Here Issa Asad Gives 5 Tips for Raising Your Business Motivation:

1. Embrace a visionary mindset

Based on findings from a study conducted in University of Virginia, your mantra in business should revolve around your future expectations as a way of nurturing business motivation. Even if the future seems far away, you should envisage your future success. As much as we draft our long term goals, we majorly pay attention to short term goals. However, we should actualize the short term goals as we focus on how they can propel us to our future expectations. The same sentiments are echoed by Jeff Bezos who has propel Amazon to success. In essence, the key thing is long-term thinking.

2. Overcome the fear of starting a task

Most people have a hard time starting a task. If you resolve to start a task and proceed to do so, you gradually build the motivation to continue on with it. The quicker you resolve to do it the better for you. Marissa Mayer, a former Yahoo CEO expresses that you achieve growth by undertaking that task which you feel less motivated to do. By teaching yourself to overcome the hurdles you face while doing a task, you are achieve success in the long run.

3. Share your plans with someone

Your personal motivation is to some extent influenced by social pressure. Suppose there is a major objective you want to achieve. Start by discussing it with a fellow employee or close friend. This way, you know you have to be accountable to that person. This will motivate you to try extremely hard to realize your plan. You can also tell a large number of people: maybe all your colleagues. By doing so, you will feel even more obliged to fulfill the promise you made to them.

4. Keep a positive mindset

According to credible studies, positive self-talk can yield increased motivation, self-confidence and self-awareness. But negative self-talk leads to a counteractive impact. Change your “I cannot handle this” attitude to “I know I can do it, I just need to try harder” attitude. When you do that, you will be more psyched to work towards achieving your goals.

5. Have a clear to do list

Organize your day by having a well outlined to do list. Accomplished people such as April Underwood (vice president of product at Slack) point out that a to do list helps individuals to understand what needs to be done in a day. This in turn helps a person to have a smooth day and not to feel overwhelmed in striving to complete tasks. Whenever you accomplish a particular task, put a tick against it. With a to do list, you will feel inspired to perform the day’s tasks and evaluate your progress at the end of the day.

Issa Asad Reveals 5 Habits You Need to Become a Millionaire Before 30

Issa Asad Millionaire

Issa Asad Reveals 5 Habits You Need to Become a Millionaire Before 30

Would you like to be a millionaire before 30? Well, this might seem ideal, but it is possible. You will note that everybody would like to achieve his or her goals at a younger age.

“Most millionaires you find today started their journey before a certain age,” exclaimed Issa Asad Florida entrepreneur and businessman since 1996. Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings, located in South Florida. He is also the author of 4 e-commerce and marketing e-books that can be purchased on Amazon.

There are several things that you should do if you want to become a millionaire before 30. Here, Issa Asad Reveals 5 Habits You Need to Become a Millionaire Before 30:

1. Have multiple streams of income

One of the reasons why most people work is to earn an income. If you want to have more income, you should not rely on one type of job. You should actually focus on having many businesses that can generate revenue for you. The more the income, the higher the likelihood of becoming a millionaire. You can decide to open several businesses and start small. Some of these businesses may grow into big businesses. In this case, you will be in charge of several business at a tender age. You just need to be positive about it and pursue it. This can help you a great deal.

2. Focus on earning

You should actually pursue those activities that can yield an income and so on. If a certain business is not yielding an income for you, you should stop operating it. You should actually have targets that you want to achieve at the end of the year. If you started the year earning $300, you should aim at earning more than $300 in that year. You should ensure that your income keeps on increasing as you move on. This can help you become a millionaire before reaching the age of 30 years.

3. Save to invest

Most people normally save their money from time to time. Some of them usually save and keep the money in a safe and so forth. This might seem to be a good idea but it is actually not. You need to save your money to invest it elsewhere. If you normally earn a salary at the end of the month, you need to save it in order to start a business and so on. You can also consider investing in real estate and so on. This can help you become a young millionaire by the time you reach 30 years.

4. Change your mindset about money

If you want to get rich, you need to conceive that in your mind. You should believe that one day you will become a millionaire at the age of 30.Once you have this in mind, you can work towards this goal.

5. Invest in yourself

It is important that you read books about making money on a daily basis. You need to do more research on how to make money both online and offline. These books and journals will give you more insights on how to invest your money wisely.

Issa Asad Says Small Businesses Need These 4 New Years Resolutions

Issa Asad New Years

Issa Asad Says Small Businesses Need These 4 New Years Resolutions

Issa Asad Florida

Issa Asad Florida

When people listen to New Year’s resolutions, they regularly consider exercising more, spending more time with family or traveling more. In addition to these personal resolutions, you can also create impact resolutions for your small business.

“A resolution, considering all aspects, is the decision to do something different to achieve positive change,” said Issa Asad Florida businessman and entrepreneur since 1996. Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings, located in South Florida. He is also the author of 4 e-commerce and marketing e-books that can be purchased on Amazon.

“It is a decent time to reflect on the progress of your business and plan how you want to develop your business in the New Year,” continued Asad.

Here, Issa Asad Says Small Businesses Need These 4 New Years Resolutions:

1. I will know how to manage my cash flow efficiently

Cash flow is the backbone of any small business. In fact, an unequivocal study of the organization of financial administrations of the Bank of the USA. UU He discovered that 82 percent of new companies and small businesses explode due to poor cash flow management. According to The Balance, this is an extraordinary resolution for owners of small firms that have radical rhythmic movements in their cash flow, have not been able to create enough capital to put once again in the business or those who do not understand the day-to business day finance.

2. I will charge what I am worth

Do you feel that your services are excellent? Assuming this is the case, then maybe it’s time to increase your rates to match the value they bring to the table. You can imagine that raising your costs will move sure people away from becoming customers. That could be the situation, but it can not be everything for all people. Your target market will pay what the market has shown to pay, says Entrepreneur. How could I update this? Depending on your business, you can move to a combined value approach. That is where staggered packages will provide options to potential customers so that they can focus on the value they offer rather than the amount of time they spent. Your costs could reflect this value.

3. I will make economic strategies for a week-to-week event

Planning is essential in case you want to encourage business in development. But maintaining a small business can be chaotic, and it is easy to be absorbed by day-to-day operations. The business strategy allows you to take a step back and show what worked and what did not work while adjusting the old objectives and establishing new ones. So, why do it once per quarter or once a year? Spend time each week to review your strategies. That will allow you to stay on the right track and let you have an explicit control of your business.

4. I will promote my business regularly and consistently

Since small business owners use a considerable amount of buffers, they may not have marketing at the top of their calendar. While you should focus on offering that fantastic experience for small businesses, you should not forget to exhibit that tremendous exposure to the outside world. To attract new customers, you must make advancement a priority. Leave the opportunity to create a marketing design or, even if your assets allow it, get a marketing master so you can set it up. Try these approaches to get press coverage for your small business.

Issa Asad Shares 4 Traits Successful Entrepreneurs NEVER Have

Issa Asad Behavior

Issa Asad Shares 4 Traits Successful Entrepreneurs NEVER Have

Emily Dickinson wisely stated that “behavior describes what a man does, not what he believes, thinks, or feels.”

Issa Asad Florida entrepreneur since 1996 agrees; “Ultimately, it is a person’s behavior that can determine whether they become successful or not,” said Asad. Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings, located in South Florida. He is also the author of 4 e-commerce and marketing e-books that can be purchased on Amazon.

There is already so much information on the attitudes and behaviors of the most successful people in the world. However, the question that most people who want to become successful fail to ask is: Which behaviors should you avoid?

Here, Issa Asad Shares 4 Traits Successful Entrepreneurs NEVER Have.

1. Being overly sensitive and acting out

Not everyone will like your product or service. In fact, there is a likelihood that people will criticize your ideas. Take it all in stride, even if the criticism is harsh. The truth is that if you want to be successful in business, you have to grow a thick skin. It is important to understand that some people will love you, hate you, or even be jealous of you. Do not take what everybody says too personally.

The truth is that in business, whenever you need to make an important decision, do not give your emotions a vote. If you have a problem dealing with emotions such as jealousy or insecurity, you may act out and project your negative emotions on everyone around you. This could kill both your business and your career.

2. Panic and indifference

These two behaviors are opposite extremes that a successful entrepreneur never has. It is normal to experience fear and pressure in business. However, successful people know that panic cannot banish any fear. They have mastered the art of remaining cool, calm, and collected in the face of unforeseen circumstances. This is because they know that the best way to mitigate a crisis is by reason and evaluation.

However, a person who reacts to situations with lighthearted indifference may also fail in business. A person who reacts to negative situations with statements like ‘no worries’ or ‘it’s all good’ displays apathy, and this could be detrimental to their business. This is because a certain level of passion contributes to success, and lighthearted indifferences can mean that you are not passionate about your business.

3. Laziness and looking for quick-fix solution

One thing most successful people know is that there is no elevator to success. The truth is that you often have to take the stairs. Unfortunately, a lot of people are not ready to put in the time and effort necessary to achieve success. Some are too lazy to work hard, and so they choose shortcuts with the hopes that they will get to the top. Successful people do not fall for get-rich-quick schemes. They do not wait for luck to give them what they want. They are prepared to work hard for the long haul.

4. Dwelling on the past or future

There are a lot of valuable experiences you can learn from your past. Your future can also be filled with a lot of hope or fear. However, dwelling on any of these is a recipe for disaster. No amount of regret can change your past, and no amount of worrying can alter your future. It is only by focusing on the present and working hard right now that you can turn your dreams into reality. Do the necessary work right now, or the future will overtake you and you’ll find yourself in the same position 10 years from now with nothing to show for it.

Issa Asad Explains How to Overcome 3 Entrepreneurial Obstacles

Issa Asad Obstacles

Issa Asad Explains How to Overcome 3 Entrepreneurial Obstacles

Issa Asad Florida

Issa Asad Florida

Entrepreneurs are seen as a different breed of people. Since there is no description that can describe them as one-size-fit-all from any category, entrepreneurs can be described as resilient, outspoken, motivated and persisted. Even if sacrifices are required, they are ready to whatever it takes to realize their dreams and make their visions a reality.

“Entrepreneurs, unfortunately though, come across challenges that cannot be overcome by any amount
of hard work,” said Issa Asad Florida entrepreneur since 1996. Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings, located in South Florida. He is also the author of 4 e-commerce and marketing e-books that can be purchased on Amazon.

And these business owners have to face these kind of problems at one point or another.  So, what can you do if you are an entrepreneur and you come across these challenges?

Here Issa Asad Explains How to Overcome 3 Entrepreneurial Obstacles.

1. Being short of cash

Freelancer writer, Adam Wren, once shared a story of Brian Fox, who is the chief marketing executive and founder Confirmation.com an online auditing company which is based in Tennessee in an Entrepreneurial article. Fox had a student loan debt of $9200 as a owner of a new start up company and so he regarded his Honda Accord as his last option in case he needed to sell it so that his health insurance for employee’s would be covered. Wren wrote “luckily a check of $2500 from an investor spared the car.”

Many entrepreneurs around the world find themselves shot of cash. Unfortunately, if you are very proud this could get in the way of considering some help from an investor. However, if the investor does believe in your business model and you, and he is willing to help, the better option is to accept his money to keep your business running than to let your venture fizzle out and leave your employees with no work.

Another worthy option is a loan if your cash reserves are low. There are many organizations out there ready to offer loans to small business, such as the local banks, the Small Business Administration and
Lending Club. A lot of companies like SmartBizz, OnDeck and Fundbox today are taking different approaches to lending small businesses cash with personal approvals and low interests. These definitely are worth looking at.

2. Overworked

When it comes to entrepreneurial burnout, Chris Ducker, who is a virtual business consultant is outspoken. Ducker wrote on his website and said that everything changed for him in 2009 when he suffered a horrific burnt out. He was living like most of the entrepreneurs, working for the better part
of his days and spending very limited time with his family. Ducker admitted that though he enjoyed building his business, he was exhausted in every other imaginable way, and eventually this landed him to the hospital.

You may find it difficult to leave doing some of the low-level duties as an entrepreneur, but hiring trusted people carefully to handle some of the areas in the business can get things running smoothly than when you handle them yourself.

Outsourcing some of the small tasks such as book keeping, web development and other repetitive tasks is another great option.

3. Suppliers and contractors’ high price tags

The cost of contractors and suppliers can certainly be high. Leveraging te help and services of other people could easily reduce your work as an entrepreneur significantly. For instance, you could hire cheap freelancers on Upwork or experiment with Fiverr low cost service providers.

Issa Asad Explains 4 Mistakes That Cripple Your Leadership

Issa Asad Business Mistakes

Issa Asad Explains 4 Mistakes That Cripple Your Leadership

Issa Asad Florida

Issa Asad Florida

Leaders sometimes tend to think that they are perfect and do not make mistakes.

“The truth is that no one is perfect and we all make mistakes,” explained Issa Asad Florida entrepreneur and CEO since 1996. Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings, located in South Florida. He is also the author of 4 e-commerce and marketing e-books that can be purchased on Amazon.
We should always respect other people’s view and accept correction. So, here Issa Asad Explains 4 Mistakes That Cripple Your Leadership.

1. Comparing yourself to someone else

Comparing yourself with other individuals is a huge mistake that most leaders commit. You will find someone trying to become others or trying to achieve what others have achieved forgetting that we all have different abilities. This behavior redirects your focus, and you may find yourself losing your objectives on the way because of the failure to focus. This may also affect your health, you need to have models but avoid copying everything they do. You should always remember success comes from building your potential from a foundation till you achieve. Know that those who have succeeded paid a price of perseverance and dedication to become who they are.

2. Taking more than what you can chew

Many leaders forget about their plans and try to take in as much as possible thinking that they can achieve fast. Success is a long journey. Entrepreneurs can be asked to wear several hats, but you should know your limit. Note that taking in too much that you can’t chew might put you out of the game as it seems simple at the beginning but eventually it adds stress to your brain trying to solve out many issues at the same time. Come up early enough with strategies through delegating duties and projects to your team whom you truly trust and understand. Business can’t be run by a single person, and that is why you hired members of your team to assist you to realize your objectives, so delegate duties.

3. Micromanaging

Most leaders are affected by the micromanaging-mire, but they do not realize. You should not stick there nit-picking every minute detail as it will only destroy your business. Portraying yourself as a leader before your team so that they can recognize is not healthy for your business. Sometimes you may not be the expert but do not accept the fact. There might be an expert within your team, but you cannot allow them to showcase their ability, then why did you hire them? This does not make you a less leader but means you need a team of good managers, team leaders, and proficient employees. Delegate the work and oversee that the work has commenced and stepped back to pave the way for your team to work.

4. Undervaluing good health

Our bodies need to rest and catch some minute break from the norm. Most leaders do not realize this and tend to overwork themselves trying to achieve which is not healthy for your business too. Personal health is important to the business because if you neglect your health, you may start developing some bad habits which may end up running out of control making to lose focus.

5. Dressing properly

Whether you work from your office or at your home, wearing proper attire brings confidence and keeps you ready to handle anything that might emerge confidently. You should always wake up, get dressed and look at yourself and make sure you first appreciate yourself and make a good impression to the people around you.

Issa Asad Says Not to Believe These 4 Myths About Starting a Business

Issa Asad Myths

Issa Asad Says Not to Believe These 4 Myths About Starting a Business

Issa Asad Florida

Issa Asad Florida

Entrepreneurship entails testing uncharted waters. It’s not a venture for the faint-hearted. But that doesn’t mean you need tremendous courage to wade through business; only a bit of creativity and a strong will to succeed.

“So many myths surround entrepreneurship, with some of them having been around for so long they might be taken to be the truth,” said Issa Asad Florida entrepreneur and social media expert since 1996. Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings, located in South Florida. He is also the author of 4 e-commerce and marketing e-books that can be purchased on Amazon.

Here, Issa Asad Says Not to Believe These 4 Myths About Starting a Business:

1. That a complex business plan is vital

This assumption has seen many entrepreneurs being forced to contract professionals to write a business proposal for them; usually a long one with a lot of unnecessary jargon and data. A simple plan of about three pages outlining the important aspects of the venture is enough. This myth has limited the take-off of many startup ideas, because of a lack of a full business plan.

2. That you need a clear picture of what you’re doing

Success stories around the world indicate of successful businesses that were spontaneous ventures in which entrepreneurs acted out of instinct; just an idea and setting out to make it work without knowing what lies ahead. In fact, over analyzing everything brings in fear, dampening the spirit of courage needed in an entrepreneur.

3. That timing is vital

It’s never the right time to get started. Start when the idea is born in you and you feel ready to start. Microsoft was founded during the time of the recession of the 70s and 80s. Advocates of business timing would have called it a poor time to start a business? But we all know what became of Microsoft, even after being started at a difficult time in history. What matters is the will to move on.

Stories abound, too, of entrepreneurs who founded their businesses at a time of crisis in their personal lives. When they were laid off work for example, or during a time when their marriages were at a crossroads.

4. That you need a huge amount of capital

You do not need a lot of money to get started. Use what you have and start small. Focus on growing your business venture gradually; it’s even better than injecting lots of money into a way setup whose outcome you’re not sure of.

“The Lean Startup,” a book by Eric Reis helps to debunk the myth at you need lots of money to go into business.

5. That hiring of staff is a must

This myth can delay your startup because of the notion that the overheads the wages of staff will create could cripple your venture. Or that you would need enough money to be able to pay salaries in the first days of the business. Contrary to this way of thinking, you do not have to employ staff for your business to operate. You can outsource, and have freelancers help with the workload. This way, you will have brought the costs that come with employing workers down.

Myths associated with entrepreneurship can delay your startup or mislead you into making the wrong decisions. Identifying them is important, so you can avoid them and chart out your course to success.

Issa Asad Says CEOs MUST Focus on These 4 Things Daily

Issa Asad Daily List

Issa Asad Says CEOs MUST Focus on These 4 Things Daily

Issa Asad Florida

Issa Asad Florida

The joy of every CEO lies under the success of their company. The growth of the company is always crucial and is the best way of showing how much you have done as the CEO.

“To achieve this, you should be curious on knowing the things that should never lack on your daily routine,” explained Issa Asad Florida entrepreneur since 1996. Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings, located in South Florida. He is also the author of 4 e-commerce and marketing e-books that can be purchased on Amazon.
You are on the right track if you are reading this because only the most dedicated and committed ones seeks further guidance on how they can expand their borders. Knowledge is power and for excellence, Issa Asad Says CEOs MUST Focus on These 4 Things Daily:

1. Keep reading

Without learning, you will likely get outdated because things are changing every now and then. Advancements in the way we run the companies are continuously being made. The company needs to keep up with the pace and if you want to continue running it even in the coming phases of advancement, you should keep up with the speed.
I am a relentless CEO who believes that I can only be able to serve the same position next year through preparing myself today. Books are my best daily companion and happen to be a habit that I copied from the richest people in the world. You can only take the company to its next stage through learning and understanding about that stage.

2. Have a set vision

You are the one that should set the expected future of your company. A responsible CEO has to come up with a vision that can be the target. Where does the company deserve to be in 4 or 8 years to come? Which mechanisms or equipment should you introduce?
An athlete becomes a victor only after crossing the line that he/she has been aiming for throughout the race. You should also set a vision that will be your pillar of focus. It should be within realistic time.

3. Strategize

You are the one that should take the company to its next level. To make it to the set vision in time, you should strategize your work. Everything that contributes towards the vision should matter to you. Things such as the code of conduct, goal setting, sales and marketing should be set and monitored through your assistance.
Participating in strategy development is important for you. As a wise CEO, you should also be consulting someone who is above your stage. The person can help you in assessing and deciding on the strategies. Having such a coach is also good for you because you will have someone to consult during the hard times.

4. Regularly check your financial standings

Bankruptcy is a bad thing and should never happen to your company under your lead. It is always important to check your financial standings every now and then. The work should not fully be entrusted to the officer in charge. You should regularly be monitoring and updating your records on the cash flow of the place.
Detecting a problem early enough can help you avoid a future crisis. Knowing your stand helps you monitor the pattern of the cash flow. If it starts dropping unexpectedly, you can be able to neutralize the cause on time and avoid a downfall.

Issa Asad Explains 4 Huge Blunders New CEOs Make

Issa Asad CEO Mistake

Issa Asad Explains 4 Huge Blunders New CEOs Make

Issa Asad Florida

Organizations spend a significant amount of time and money, hiring CEOs or senior executives to take the company forward. However, according to the Harvard Business Review, there is 50% chance that the new CEO will leave the company.

“This failure leads to enormous financial costs while disrupting the organizations’ flow,” explained Issa Asad Florida entrepreneur since 1996. Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings, located in South Florida. He is also the author of 4 e-commerce and marketing e-books that can be purchased on Amazon.

These individuals leave for several reasons, often citing inadequate boarding, poor cultural fit, or even lack of appropriate support. The truth is, most of these new senior executives set themselves up for failure. Here Issa Asad Explains 4 Huge Blunders New CEOs Make.

1. Under-estimating Institutional Knowledge

Most new CEOs feel the urge or pressure of enacting new changes and making a personal statement as soon as they are hired. Most of them are likely to implement large changes within the organization, just to ensure everybody knows there is a new boss in town. However, new senior executives are advised against such an approach. Instead, they first need to determine what needs to be done, and how it can be achieved. They need to seek for guidance from or advice from senior personnel within the organization. That approach will enable them to fit seamlessly within the organization, uphold the traditions of the institution and undertake changes gradually.

2. Instilling a Culture of Fear and Uncertainty

When new CEOs assume their positions, most employees tend to be uncertain about their future with the company. Some new CEOs will fire certain employees, in a bid to bring their own or people they have worked with before. Although staff management and streamlining are necessary for every organization, it remains a delicate and emotive matter, which needs to be handled with care. Therefore, if you are a new CEO and you feel that a certain employee is not up to the standards of the organization, you first need to observe them, before asking them to resign. Give them a month or two, and confirm whether the allegations are true or false. When you do that, you will instill confidence within the entire organization, while giving everyone the peace of mind they need to perform optimally.

3. Poor Hiring Decisions

Hiring is another mistake that most new senior executives run into. Hiring a great team will determine your success within the organization. You need people whom you can trust with the operation of the organization. According to Glassdoor, more than 95% new CEOs have made poor hiring decisions, within their first year of their respective organizations. If you are working alone, it is impossible to find the right fit for the organization. That’s why new senior executives are advised to invest in rigorous and structured recruiting processes.

4. Failing to Emphasize the Company’s Vision and Mission

Every successful organization has a clear vision and mission statement. Emphasizing the company’s mission and vision statement gives the employees an opportunity to revisit them, and align their goals and objectives accordingly. Take your time in the organization to assess the vision and mission, and then implement the necessary changes.