Seeing your ideas materialise, working for yourself or leading others, and becoming a CEO is often the aim of many aspiring business leaders. However, this is not always the right path for everyone.
Furthermore, for those who have embarked down this career track often find it is not something that can easily be walked away from. The downsides are a loss of money, time, and motivation.
Is everyone suitable to become a CEO? If not, how can you tell before it’s too late?
It is perhaps easy to get caught up in the seemingly glamorised world of CEOs and their seemingly effortless success stories. But the truth is, not everyone is cut out for that type of journey. In fact, if you lack persistence in the face of setbacks, becoming a CEO may not be the best fit for you.
The road to success is paved with obstacles, and true leaders know how to overcome them with determination and perseverance. So, while it may be tempting to chase after a CEO title, it’s important to consider whether or not you have what it takes to weather the storm of setbacks and come out on top.
For instance, Mantas Kondratavicius, Kilo Health’s Co-found Program co-founder, tells Digital Journal: “In my journey with Kilo Health, I had the chance to bring various business ideas to life, including supplements and nutrition products. Some of them turned out to be real winners, while others didn’t quite hit the mark.”
Kilo Health is a digital health and wellness company with more than 5 million customers worldwide.
Kondratavicius next explains how thing progressed for the better and fortunes were turned around: “There was a time when we went all-in, investing heavily and assembling an amazing team. We churned out 5 products full of hope and excitement. However, as time went on, we had to face the reality that some of them weren’t as successful as we had hoped. We had to make the tough call to shut them down because they didn’t meet our goals or gain enough traction.”
In a study, Kondratavicius found that when people failed at first, those with high self-esteem kept going on tough puzzles if they were told that persistence helps. But when they heard that persistence does not make a difference, they gave up earlier. Low self-esteem people did the opposite. This demonstrates how the information we get can affect how we perform.
This leads Kondratavicius to find: “As an entrepreneur, you will inevitably encounter failure in some form, and it’s essential to get back up and try again. Persistence, learning from your mistakes, and maintaining a growth mindset are crucial elements for success; without them, your path to success becomes much more challenging.”
