Sroys

I really enjoyed reading the Recession survival guide written by Glenn Kelman from redfin. I think it beautifully prepares new CEO’s about how to think of their job or their role in the company. I can imagine a new CEO going around trying to please everyone and being defensive about his every decision - wondering if he is doing the right thing and what the board members will think. It’s tremendous pressure and I think this post addresses most of the issues new CEO’s face.

Just to add a little bit to that I think New CEO’s also need to build relationships with their team members. People will think you are a good leader only if you are consistent and straight forward. Having a friendly way about yourself without being overtly sweet with your colleagues help in the long run. People don’t like over-friendly people and they don’t like aloof people either. Find something in between where you are not questioning your employees about their work but discussing it.

I also believe CEO’s should splurge on their employees and be a miser when it comes to business expenses. Getting and keeping employees is a big deal these days - and people don’t leave companies - they leave bosses - so it’s extremely important to spoil your employees a little bit. The CEO is the father figure of the company and everyone needs a cool friendly dad - that is when kids will prosper.

Great words of wisdom Glenn! You seem like you are a fun dad!