How to Become a Founder of a Million Dollar Company from an Executive?

Are you struggling working in the same position for the past few years as of now? Your colleagues and friends have been promoted, leaving your high and dry. These things happen in life, and we should be prepared to take the shot under the chin.

The good news is, you too can become the founder of a million dollar company, rising from an executive. However, the journey is not easy. You should be prepared to make sacrifices as and when. Forget your family, hot food, and a warm bed.

Here are some excellent pointers through which you can become the founder of a million dollar company rising from an executive.

The Education of the CEOs

The educational qualifications of the founders or CEOs do not really matter. That is because history has taught us that where there is a will there is a way. Names like Steve Jobs, Bill Gates, Micheal Dell, and others come to mind.

They were mostly college dropouts who started their organizations at the very tender age of 18-19 years. The question arises, is having a formal education vital? The answer to that can be a no or yes.

However, having a basic qualification from a reputed university can do a world of good for the individual. It helps them communicate with other like-minded individuals and make a name for themselves.

The ideal educational qualification for a wannabe CEO would be MBA programs from a prestigious university. It is worth the time, money and effort studying in a university or college that are recognized worldwide.

The personality Traits of the CEOs

Apart from the educational qualifications, having strong personality traits is what differentiates the ordinary from the extraordinary. A leader always has some traits that separates him/her from the rest of the pack.

Some of these include being a good negotiator, knowing how to make deals with ignorant or arrogant investors, and managing with the resources in hand. They see the light even in the darkest path.

A look at some of the founders will help you understand why they eventually became one. When Lamborghini a farmer, went to Ferrari headquarters to tell them about a minor defect in their engine, they all laughed at him, saying he is a farmer, and they are experienced automobile engineers.

He went ahead and built a Lamborghini car with a powerful engine. The rest as they say is history. Therefore, they do not get discouraged or put down easily.

Conclusion

Though some individuals are born to lead, most of them work hard and climb the ladder, a step at a time. They do not take no for an answer. To become a CEO of a top firm or company requires years of hard work and dedication.

While some people get the opportunity to start as CEOs from a very early age, some have to climb their way up from scratch. These individuals get a shot in the arm, because they get to know the organization better.

The question now is, are you ready to take the long and strenuous journey to become the founder of a million dollar company rising from an executive?