Are you Ready for the CEO Title?

Is there an age criterion when we should consider ourselves ready to grab the title of a CEO, or is it solely based on the skills we have developed? Or is it solely based on the opportunities that come our way?

I believe that becoming a CEO involves multiple factors to be taken into consideration. Throughout our careers, we work diligently, aiming to one day add the prestigious title of CXO to our resumes. However, I find myself apprehensive about this title.

Over the past 25 years, I have been involved in leadership hiring, often tasked with hiring roles just one step below the CEO.

CEOs are typically not hired; they are developed. Do you agree?

But today, I want to discuss a different topic. Today, I want to explore whether there is an age criterion for being ready to assume the title of a CXO, or if it is solely dependent on the skills we have acquired. Furthermore, is it determined by the opportunities that come our way? In my opinion, becoming a CEO requires a careful evaluation of several factors:

1.????The Right Opportunity: It is crucial to wait for the right opportunity to present itself. Timing plays a significant role in securing the CEO position.

2.????Experience: One must have a substantial amount of experience to justify taking on the responsibilities of a CEO. This experience helps in developing the necessary leadership qualities and strategic thinking.

3.????Requisite Skillset: Possessing the essential skillset is fundamental in justifying the CEO title. These skills may include strategic planning, decision-making, financial acumen, and effective communication.

Before the market evaluates us for our fitment to the CEO designation, it is essential for us to evaluate ourselves. Are we truly ready to seize this title? Here are a few factors to consider if you aim to become a CXO within the next two years:

1.????Long-Term Vision: Becoming a CEO today may limit future opportunities. It is crucial to consider what lies beyond the CEO role. As a 45-year-old, if you were to become a CEO, would you be able to sustain this position for the next 10 to 12 years? If not, what would be your next target designation?

2.????Career Trajectory: Accepting the CEO offer from a smaller setup is more likely, but it's important to avoid becoming overly attached to this designation. This attachment may hinder the excitement and willingness to take on other roles, such as Head of Operations in a larger organization.

Therefore, when you are on the verge of accepting the offer letter for a CEO position, it is crucial to have a broader vision and consider what lies ahead in the next four to five years. If your plan is to retire from this job, then go for it. However, if you still have many years of work ahead, it's important to think deeply and reassess your decision.

In conclusion, the right age to grab a CXO position varies based on individual circumstances. It requires a comprehensive evaluation of factors such as experience, skillset, and available opportunities. By carefully considering these elements, one can determine their readiness to assume the responsibilities of a CXO role.