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Jayden
Student
Yuma, Arizona
1
Question
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What is the worst part about being a businessman in a multi million dollar company ?
I’m a middle school student in all advanced classes with good grades my whole life and I think being a businessman would suit me for a career the best and I like finance a ton. But I wonder what is the downside of being a businessman in a really big company?
I also wonder how do you get to the top, like the main people of the company?
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3 answers
Alan Weber
writer and retired teacher, teacher educator and academic advisor
207
Answers
Woodstock, New York
Updated
Alan’s Answer
Jayden, from my own personal point of view, the downside of being a wealthy businessman is having one's values corrupted. There are certainly some big companies that do good things, but to spend one's life pursuing money and power is, to me, a hollow existence. I tend to encourage young people to spend their lives helping others and/or expressing their creativity... doing things for their inherent value rather than their material value, and for the pleasure and fulfillment they provide. This might not be the answer you were looking for, but it's what your question elicited for me.
Thank you, this is really helpful.
Jayden
James Constantine Frangos
Consultant Dietitian & Software Developer since 1972 => Nutrition Education => Health & Longevity => Self-Actualization.
6183
Answers
Gold Coast, Queensland, Australia
Updated
James Constantine’s Answer
Hi there, Jayden!
Being at the helm of a multi-million dollar company can be a thrilling journey, filled with both rewards and challenges. It's like a roller-coaster ride with its highs and lows, but the view from the top is worth it. To reach the pinnacle, it takes a blend of sweat, unwavering commitment, and savvy decision-making.
The toughest part of being a business leader in such a big organization can differ from person to person. But there are a few common hurdles that many face:
Carrying the Weight of Responsibility: Leading a large company means carrying a hefty load of responsibilities. You're the one who's held accountable for the company's performance, the welfare of the employees, and the happiness of key stakeholders like shareholders and customers. The burden of making crucial decisions that shape the company's future can be pretty heavy.
Facing the Heat of Competition: In a multi-million dollar company, the competition can get pretty intense, both within and outside the company. Inside, you might be competing with others for promotions and recognition, creating a highly competitive atmosphere. Outside, the company could be up against tough competitors in the industry, necessitating constant innovation and smart planning to stay ahead.
Struggling with Work-Life Balance: For top executives in large companies, striking a healthy work-life balance can be a real challenge. The job often demands long hours, frequent travel, and being available round the clock. Juggling professional duties with personal and family life can be a tough act.
Navigating Complex Decision-Making: As a business leader in a big company, you'll have to steer through complex decision-making involving financial investments, organizational changes, and risk management. These decisions can have a ripple effect on the company and its stakeholders, adding to the load of responsibility you carry.
Dealing with Public Scrutiny: Leaders of large companies often find themselves under the public lens, especially when their decisions affect a broad range of stakeholders. This visibility can ramp up the stress and pressure as they strive to uphold the company's reputation while making tough choices.
Climbing to the top of a large company requires a mix of elements:
Education and Experience: Many top executives hold advanced degrees like MBAs or have a wealth of experience in their field. Acquiring relevant education and piling up years of experience in increasingly challenging roles is often key to reaching the top.
Leadership Skills: To rise to the top of a big company, you need stellar leadership skills. This includes the ability to inspire and motivate teams, make strategic decisions, communicate effectively, and adapt to shifting business landscapes.
Networking and Mentoring: Cultivating a robust network of professional contacts and seeking guidance from seasoned leaders can offer invaluable advice and opportunities for career growth.
Proven Track Record: Showing consistent success in previous roles and proving your ability to drive results and lead teams is critical for being considered for top executive positions.
Strategic Vision: Having a clear vision for the company's future and demonstrating an understanding of market trends, innovation, and long-term planning can set ambitious leaders apart.
In a nutshell, while being a business leader in a multi-million dollar company presents plenty of opportunities for growth and success, it also brings significant challenges like high responsibility, fierce competition, work-life balance issues, complex decision-making, and public scrutiny. Scaling the heights of such an organization requires a mix of education, experience, leadership skills, networking, mentorship, a proven track record, and strategic vision.
Top 3 Authoritative Reference Publications or Domain Names Used:
Harvard Business Review
Forbes
The Wall Street Journal
Wishing you all the best!
James.
Being at the helm of a multi-million dollar company can be a thrilling journey, filled with both rewards and challenges. It's like a roller-coaster ride with its highs and lows, but the view from the top is worth it. To reach the pinnacle, it takes a blend of sweat, unwavering commitment, and savvy decision-making.
The toughest part of being a business leader in such a big organization can differ from person to person. But there are a few common hurdles that many face:
Carrying the Weight of Responsibility: Leading a large company means carrying a hefty load of responsibilities. You're the one who's held accountable for the company's performance, the welfare of the employees, and the happiness of key stakeholders like shareholders and customers. The burden of making crucial decisions that shape the company's future can be pretty heavy.
Facing the Heat of Competition: In a multi-million dollar company, the competition can get pretty intense, both within and outside the company. Inside, you might be competing with others for promotions and recognition, creating a highly competitive atmosphere. Outside, the company could be up against tough competitors in the industry, necessitating constant innovation and smart planning to stay ahead.
Struggling with Work-Life Balance: For top executives in large companies, striking a healthy work-life balance can be a real challenge. The job often demands long hours, frequent travel, and being available round the clock. Juggling professional duties with personal and family life can be a tough act.
Navigating Complex Decision-Making: As a business leader in a big company, you'll have to steer through complex decision-making involving financial investments, organizational changes, and risk management. These decisions can have a ripple effect on the company and its stakeholders, adding to the load of responsibility you carry.
Dealing with Public Scrutiny: Leaders of large companies often find themselves under the public lens, especially when their decisions affect a broad range of stakeholders. This visibility can ramp up the stress and pressure as they strive to uphold the company's reputation while making tough choices.
Climbing to the top of a large company requires a mix of elements:
Education and Experience: Many top executives hold advanced degrees like MBAs or have a wealth of experience in their field. Acquiring relevant education and piling up years of experience in increasingly challenging roles is often key to reaching the top.
Leadership Skills: To rise to the top of a big company, you need stellar leadership skills. This includes the ability to inspire and motivate teams, make strategic decisions, communicate effectively, and adapt to shifting business landscapes.
Networking and Mentoring: Cultivating a robust network of professional contacts and seeking guidance from seasoned leaders can offer invaluable advice and opportunities for career growth.
Proven Track Record: Showing consistent success in previous roles and proving your ability to drive results and lead teams is critical for being considered for top executive positions.
Strategic Vision: Having a clear vision for the company's future and demonstrating an understanding of market trends, innovation, and long-term planning can set ambitious leaders apart.
In a nutshell, while being a business leader in a multi-million dollar company presents plenty of opportunities for growth and success, it also brings significant challenges like high responsibility, fierce competition, work-life balance issues, complex decision-making, and public scrutiny. Scaling the heights of such an organization requires a mix of education, experience, leadership skills, networking, mentorship, a proven track record, and strategic vision.
Top 3 Authoritative Reference Publications or Domain Names Used:
Harvard Business Review
Forbes
The Wall Street Journal
Wishing you all the best!
James.
Katherine Avery
Run a music studio and teach private music lessons; teach college-level religion classes
350
Answers
Spanish Fork, Utah
Updated
Katherine’s Answer
Hey Jayden,
You might like to read the book The Proximity Principle by Ken Coleman, as it touches on a bunch of these things you mention, and you might get some ideas.
You might like to read the book The Proximity Principle by Ken Coleman, as it touches on a bunch of these things you mention, and you might get some ideas.
You rock! This advice is very helpful.
Jayden