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8 Lessons I Learned About Successful 8-Figure CEOs


Ruslan Galba - August 13, 2019 - 0 comments

8 Lessons I Learned About Successful 8-Figure CEOs

What it’s like to be in the shoes of 8-figure CEOs? 🚀

By being a CEO @hellotegra and meeting quite a lot of them in the course of agency work it turns out, there are many common factors among them.⠀

Designed by @karl.design 🔥

1. They genuinely care about a group of people they’re helping

This is often their customer, but some CEOs have an even higher level of care. For example, they’re helping their customer to ensure a successful company so they can help their family.⠀

2. They seek constructive feedback

What I’ve found is they embrace even the worst feedback, then they’ll even thank you for it.

3. They always have some level of stress⠀

There’s always a fire they’re putting out whether it’s big or small. Sometimes they’ll tell you about it.

4. They’re obsessive with optimizing their time*

When your call ends — it ends. Use the time you schedule with them wisely. If you think they’ll go overtime, you’re wrong.

5. They all have war stories

Whether it’s lawsuits, bankruptcy, bad co-founders, or investors that meddled in their business too much, you’ll find something.

6. Many have started multiple companies that eventually failed or where they closed up shop to pursue something else

This was the most surprising fact to me. Every 8-figure CEO I’ve interviewed has failed with a previous company. A couple of these CEOs have failed with over ten. What keeps them going is persistence.

7. They realized big gains come from small wins

What I’ve seen is often it’d be one or two things CEOs or their teams would do that would take their company to the next level. In some cases, the jump would be as big as 1 million to 20 million ARR.

8. They have dark humor

You don’t develop an ordinary sense of humor building a startup. These CEOs have been through the trenches. Many times they’ve lost millions and gained millions in revenue in a short span. Their humor has adjusted accordingly.

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1. They genuinely care about a group of people they're helping. This is often their customer, but some CEOs have an even higher level of care. For example, they're helping their customer to ensure a successful company so they can help their family.2. They seek constructive feedback. What I've found is they embrace even the worst feedback, then they'll even thank you for it.They always have some level of stress. There's always a fire they're putting out whether it's big or small. Sometimes they'll tell you about it.4. They're obsessive with optimizing their time. When your call ends - it ends. Use the time you schedule with them wisely. If you think they'll go overtime, you're wrong.They all have war stories. Whether it's lawsuits, bankruptcy, bad co-founders, or investors that meddled in their business too much, you'll find something.6. Many have started multiple companies that eventually failed or where they closed up shop to pursue something else. This was the most surprising fact to me. Every 8-figure CEO I've interviewed has failed with a previous company. A couple of these CEOs have failed with over ten. What keeps them going is persistence.They realized big gains come from small wins. What I've seen is often it'd be one or two things CEOs or their teams would do that would take their company to the next level. In some cases, the jump would be as big as 1 million to 20 million ARR. It's often as simple streamlining a sales process with a particular outreach message to a particular outreach message to a particular industry that pulls that vertical growth lever.They have dark humor. You don't develop an ordinary sense of humor building a startup. These CEOs have been through the trenches. Many times they've seen the downward spirals, maybe have let go of entire teams, and have still found ways to keep their company motivated to push forward. Their humor has adjusted accordingly.

Have a CEO friend or CEO yourself? Share your biggest strength and worst weakness in the comments 👇

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