5 chief executives who should lose their jobs in 2013

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From: SmartBrief on Leadership <leadership@smartbrief.com>
Date: Tue, Dec 11, 2012 at 11:39 PM
Subject: 5 chief executives who should lose their jobs in 2013



SmartBrief on Leadership
December 11, 2012
http://r.smartbrief.com/resp/ecdpCexkBiCfjBaFCidndhBVAvgh


                TODAY'S HEADLINES

LEADING EDGE
* Why Fortune 500 CEOs should learn to love social media
* 5 chief executives who should lose their jobs in 2013
STRATEGIC MANAGEMENT
* Big businesses call for equal immigration rights for gay workers' partners
* Cable, colleges lay big bets on football
INNOVATION AND CREATIVITY
* How to unleash the power of "econovation"
SMARTPULSE
* How effectively do you handle dealing with enemies at work?
* Poll analysis
* As 2012 ends and 2013 takes form, how are things shaping up?
THE GLOBAL PERSPECTIVE
* Post-Chávez Venezuela could prove more business-friendly
* Have India's tech companies lost their way?
ENGAGE. INNOVATE. DISCUSS.
* Are your goals driving you crazy?
DAILY DIVERSION
* Tennis star buys all the donkey cheese in the world
FEATURED CONTENT
* Harness the Power of Experiential Marketing
* SMBs: Facebook Wants to Help You
* Cutting Through the Blogosphere: Six Ways to Stand Out and Go Viral
* Before Jumping into Social Media, Know the Costs
EDITOR'S NOTE
* Connect with us on Twitter

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Factor paper 11-Dec-2012 by AC

I took two tests on whether I have what it takes to become an entrepreneur. One test said that I am and made some suggestions:

"You ARE an entrepreneur. With proper planning and consideration, you are driven and rewarded by innovation and problem solving. You, too, should document a personal vision. And, don't do it alone. Surround yourself with others—mentors, advisors, peers, associates, investors—who buy into your vision and will serve as a sounding board and support mechanism to help you ensure long-term success for the company you create."

On the other hand, the other test said that while I passed the general profile and motivations, I failed in the aptitude and attitude part. This test was based on the fact that most entrepreneurs have the same skills.

Factors that I possess to become a successful entrepreneur are I have an innovative mind. Since I wanted to become successful in business, I have been thinking of the business I ought to do. Unfortunately for me those ideas were recently a big hit, thought by another entrepreneurs.  Other factors that can help me in becoming an entrepreneur are my vision, driven, motivation, planning, administrative and organizational skills.

I like to plan everything that I do. Planning allows me to think of the pros and cons of a decision I am about to make. Moreover, planning keeps my feet on the ground, as sometimes I tend to overlook other possibilities or make a decision that is almost impossible to make. In addition, planning allows me to see where my decision is heading. Currently, I am still in the process of developing the menu I will put in the store. It is a bit challenging to decrease the number of the food we will make; and, another challenge is to choose what type of food I should include. A successful entrepreneur would be able to plan ahead of time and make sure there is a contingent plan in case things go wrong. To this, administrative and organizational skill will play a vital role once the business has started.

More than the skills, entrepreneurs should also have the vision, passion, dreams, inspiration and motivation. I got this one from a very successful businessman from Malaysia. He said that without vision a man is be blinded by the things that surrounds him; thus, it is important for someone to have vision and also a dream. Vision enables me to see my future. I can make my dreams come true because it will be my motivation and inspiration to move forward and set my targets high; and for this reason, I was able to see myself living my dream.

However, I know I still have a long way to go to become a successful entrepreneur. I know I lack the experience to put up a business. My preparation may not be enough and it could have significance once I start. Aside from the experience, I think that I need to hone my cooking skills so that when the business starts I can keep up with the demand from my customers. I need to ensure that I can properly advertise my business. Here's some of my areas of improvement:

-          Resistance to stress. I need a better coping mechanism to stress for more productivity.

-          Thinking fast. Because I am more of a planner than a spontaneous person, I need to cope fast to the changes in my environment

-          Creativity. I am not the most creative person but maybe in time I can hire someone creative than me.

-          Lack of finances. We all need the financial capability to start a business whether small or big.

In time, I know I can make improvements to myself and become a successful entrepreneur that I wanted. 3

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Athens S. Cruz
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