Female Leader standing in front of her Information Technology Team

How can you build your confidence as a CEO, investor or entrepreneur?

New CEOs have impostor syndrome. Private equity investors who just raised another $1 billion in funds read newspaper headlines about the coming recession and quietly gulp. Self-made billionaire entrepreneurs worry that their fortunes will take an embarrassing hit. Newly elected government leaders worry about whether their results will live up to their campaign promises.

We find that leaders are less confident when they obsess about things they can’t control, rather than take action in the areas they can control.

Like what?

The Wall Street Journal reported the results of a Conference Board survey (Jan. 16, 2019) of what is on the mind of 800 CEOs.

 

External Hot-Button Issues

  1. Recession
  2. Global trade
  3. Politics

Internal Hot-Button Issues

  1. Attracting and retaining top talent
  2. Disruptive technologies
  3. Developing the next generation of leaders

 

What this survey says to us is this: it’s good to be aware of issues that are outside of your control – recession, global trade and politics. But it’s even more brilliant to master the things that are within your control – hiring and retaining top talent, developing digital capabilities and developing the next generation of leaders.

 

How much confidence do you have in your team?

If you have a high degree of confidence in your team, then keep doing what you are doing to hire and develop them. But if you don’t have a high degree of confidence in your team, then you should focus on hiring, developing and retaining more of the right people who fit your strategy and who can achieve the results you seek.

 

Click here to read the full July 2020 Newsletter

 

-Geoff Smart is chairman and founder of ghSMART. Geoff is co-author, with his colleague Randy Street, of the New York Times best-selling book Who: A Method For Hiring and the author of the #1 Wall Street Journal best seller Leadocracy: Hiring More Great Leaders (Like You) Into Government. Geoff co-created the Topgrading brand of talent management. He is the founder of two 501(c)(3) not-for-profit organizations. SMARTKids Leadership Program™ provides 10 years of leadership tutoring, and the Leaders Initiative™ seeks to deploy society’s greatest leaders into government. Geoff earned a B.A. in economics with honors from Northwestern University and a master’s and doctorate in psychology from Claremont Graduate University.