{"id":9518,"date":"2020-09-22T10:08:51","date_gmt":"2020-09-22T08:08:51","guid":{"rendered":"https:\/\/www.codemotion.com\/magazine\/?p=9518"},"modified":"2022-01-05T20:05:47","modified_gmt":"2022-01-05T19:05:47","slug":"become-ceo","status":"publish","type":"post","link":"https:\/\/www.codemotion.com\/magazine\/dev-life\/cto\/become-ceo\/","title":{"rendered":"Being A Good CTO Is Just Not Enough"},"content":{"rendered":"\n<script type=\"text\/javascript\">\n  if (typeof fz === \"function\")\n    fz(\"event\", {\n        \"name\": \"FromCTO2CEO\",\n        \"value\": \"10\",\n        \"unit\": \"euro\"\n    });\n<\/script>\n\n\n\n<div class=\"wp-block-uagb-table-of-contents uagb-toc__align-left uagb-toc__columns-undefined uagb-block-0c62e42f\" data-scroll=\"true\" data-offset=\"30\" data-delay=\"800\"><div class=\"uagb-toc__wrap\"><div class=\"uagb-toc__title-wrap\"><div class=\"uagb-toc__title\">Table Of Contents<\/div><\/div><div class=\"uagb-toc__list-wrap\"><ul class=\"uagb-toc__list\"><li><a href=\"#what-comes-after-being-cto\">What comes after being CTO?<\/a><ul class=\"uagb-toc__list\"><li><a href=\"#am-i-really-ready-for-advancement-or-am-i-just-bored-with-this-company\">Am I really ready for advancement, or am I just bored with this company?<\/a><ul class=\"uagb-toc__list\"><li><a href=\"#but-being-bored-is-not-a-sign-that-youre-ready-to-advance-into-a-ceo-or-founder-position\">But being bored is not a sign that you&#8217;re ready to advance into a CEO or founder position. <\/a><\/li><\/ul><\/li><\/ul><\/li><li><a href=\"#how-can-i-become-ceo-of-my-company\">How can I become CEO of my company?<\/a><\/li><li><a href=\"#how-can-i-become-ceo-of-another-company\">How can I become CEO of another company?<\/a><ul class=\"uagb-toc__list\"><li><a href=\"#is-becoming-a-founder-the-only-available-option-for-a-cto-who-wants-to-evolve\">Is becoming a founder the only available option for a CTO who wants to evolve?<\/a><\/li><\/ul><\/li><li><a href=\"#how-do-i-become-a-founder\">How do I become a founder?<\/a><ul class=\"uagb-toc__list\"><li><a href=\"#what-are-the-steps-to-becoming-a-founder\">What are the steps to becoming a founder?<\/a><\/li><li><a href=\"#how-do-i-choose-my-co-founders\">How do I choose my co-founders?<\/a><\/li><\/ul><\/li><li><a href=\"#conclusion\">Conclusion<\/a><\/li><\/ul><\/div><\/div><\/div>\n\n\n\n<p>Being the top dog is cool. Because, why not you, right?! Here you are, reading this, knowing you&#8217;ve got all your <strong style=\"user-select: auto;\"><span style=\"user-select: auto;\" id=\"urn:enhancement-62dbc824\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/cto\">CTO<\/span> challenges<\/strong> covered. You&#8217;re the IT explainer-in-chief to other <span style=\"user-select: auto;\" id=\"urn:enhancement-916987ed\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/management\">management<\/span> and the board of directors. Your direct reports seem to tolerate your leadership and the <span style=\"user-select: auto;\" id=\"urn:enhancement-2394dbe5\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/chief_executive_officer\"><strong style=\"user-select: auto;\">CEO<\/strong><\/span> usually sells your <span style=\"user-select: auto;\" id=\"urn:enhancement-2e567844\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/idea\">ideas<\/span> as his own! <\/p>\n\n\n\n<p><em style=\"user-select: auto;\">&#8216;Been there, done that!&#8217;,<\/em> is what you&#8217;re thinking. It&#8217;s time to work yourself up to the final spot on the corporate ladder: transitioning from CTO to <span style=\"user-select: auto;\" id=\"urn:enhancement-dac401b5\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/chief_executive_officer\">CEO<\/span>, or becoming the <span style=\"user-select: auto;\" id=\"urn:enhancement-257c2d0c\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/entrepreneurship\">founder<\/span> of a new <span style=\"user-select: auto;\" id=\"urn:enhancement-ff3e3234\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/company\">company<\/span>.<\/p>\n\n\n\n<p>I mean, <a href=\"https:\/\/www.codemotion.com\/magazine\/dev-hub\/cto\/how-become-cto\/\">you are the CTO<\/a>. This is not by accident. You know it, too. After all those years of <strong style=\"user-select: auto;\">hard work<\/strong>, the stars have aligned. This is it! You&#8217;re not going to take this wasting away of your brilliance anymore. You are going to become the CEO or <span style=\"user-select: auto;\" id=\"urn:enhancement-55475d8\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/entrepreneurship\">founder<\/span> you were always meant to be. <\/p>\n\n\n\n<p>[jwp-video n=&#8221;1&#8243;]<\/p>\n\n\n\n<p>Right now, as a <strong>Chief Technology Officer (CTO)<\/strong> you&#8217;re in the watching-the-binary-sunset phase, pondering what&#8217;s out there in that leadership galaxy not so very far away.<\/p>\n\n\n\n<p>For your entertainment, we&#8217;re going to take you on a journey through a few questions raised by your peers in this situation. Warning: we&#8217;ve thrown in the odd <span id=\"urn:enhancement-c2759f7b\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/bit\">bit<\/span> of sarcasm (badly) for good measure. Something which we have to mention, because reasons.<\/p>\n\n\n\n<p>Together with what you already know about <strong>how to claim your rightful CEO or <span id=\"urn:enhancement-3ca92378\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/entrepreneurship\">founder<\/span> throne<\/strong>, this will help you formulate a Blackadderian masterplan so cunning that you can put a tail on it and call it a fox.&nbsp;<\/p>\n\n\n\n<p>But first\u2026<\/p>\n\n\n\n<div class=\"uagb-cta__outer-wrap uagb-block-a719b829\"><div class=\"uagb-cta__content-wrap uagb-cta__block uagb-cta__icon-position-below-title \"><div class=\"uagb-cta__left-right-wrap\"><div class=\"uagb-cta__content\"><div class=\"uagb-cta__title-wrap\"><h3 class=\"uagb-cta__title\">Remain focused on your career path<\/h3><\/div><div class=\"uagb-cta-text-wrap\"><p class=\"uagb-cta__desc\">If you want to be prepared to make the right decisions at the right time for your career path it&#8217;s vital that you comprehend your wants and needs as well as all the options in front of you. Make sure you subscribe to our newsletter to keep reading our developer career-focused contents as they get published!<\/p><\/div><div class=\"uagb-cta__link-wrapper uagb-cta__block-link-style\"><div class=\"uagb-cta__button-wrapper wp-block-button\"><a data-fz-event=\"fromcto2ceo\" href=\"https:\/\/bit.ly\/3aVzd27\" class=\"uagb-cta__button-link-wrapper wp-block-button__link\" target=\"_self\" rel=\"noopener noreferrer\"><span class=\"uagb-cta__link-content-inner\"><span>SUBSCRIBE NOW<\/span><\/span><\/a><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">What comes after being CTO?<\/h2>\n\n\n\n<p>You as<strong style=\"user-select: auto;\"> Chief Executive Officer (CEO)<\/strong> or <span style=\"user-select: auto;\" id=\"urn:enhancement-edf91976\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/entrepreneurship\">founder<\/span>, of course. You know the <span style=\"user-select: auto;\" id=\"urn:enhancement-7e1bf9f0\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/company\">company<\/span> hierarchy all too well by now. Let&#8217;s take a stroll down memory lane and look at how you got here in the first place. Although mileage may vary, this is a generalised journey up the corporate ladder.<\/p>\n\n\n\n<p>First, you went through your <span id=\"urn:enhancement-5bcef319\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/internship\">internships<\/span>. You had to do ridiculous amounts of work for next to nothing or completely <span id=\"urn:enhancement-8203ba08\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/free_software\">free<\/span>, and the commute was usually a long one via public transport. This is all about building that character, isn&#8217;t it?&nbsp;<\/p>\n\n\n\n<p>It helps to get to know a few <span id=\"urn:enhancement-a7274c74\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/people\">people<\/span>, too. So you add them all on <span id=\"urn:enhancement-f5794779\" class=\"textannotation disambiguated wl-organization\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/linkedin\">LinkedIn<\/span>. From the temporary front-desk receptionist to the indifferent sales managers who joked about your clothes behind your back during that mandatory team-building event you were somehow invited to that time.&nbsp;<\/p>\n\n\n\n<p>Armed with this <span style=\"user-select: auto;\" id=\"urn:enhancement-f6ef1dad\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/internship\">internship<\/span>, you hunted for your first <span style=\"user-select: auto;\" id=\"urn:enhancement-e7399951\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/job\">job<\/span>. Along the way, recruiters helpfully suggested that you should get 10 years of <span style=\"user-select: auto;\" id=\"urn:enhancement-29200d31\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/experience\">experience<\/span> to get into that junior <span style=\"user-select: auto;\" id=\"urn:enhancement-ca67cdc\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/role\">role<\/span>. When you finally got a position as a dev, it turned out to be <strong style=\"user-select: auto;\">advancing into a <a style=\"user-select: auto;\" href=\"https:\/\/www.codemotion.com\/magazine\/dev-hub\/cto\/cto-manager-role\/\" target=\"_blank\" rel=\"noreferrer noopener\">management role<\/a><\/strong>. <\/p>\n\n\n\n<p>After all, the main thing you get to do is overwork yourself. You&#8217;re not going to be Boxer the cart horse from Orwell&#8217;s Animal Farm! So you turned your focus to some <span style=\"user-select: auto;\" id=\"urn:enhancement-cc4868e\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/strategy\">strategic<\/span> climbing. After several years, you finally managed to get yourself into the CTO position.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Am I really ready for advancement, or am I just bored with this company?<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.codemotion.com\/magazine\/wp-content\/uploads\/2020\/09\/cto-doubt-1024x576.jpg\" alt=\"CTO in doubt\" class=\"wp-image-9523\" srcset=\"https:\/\/www.codemotion.com\/magazine\/wp-content\/uploads\/2020\/09\/cto-doubt-1024x576.jpg 1024w, https:\/\/www.codemotion.com\/magazine\/wp-content\/uploads\/2020\/09\/cto-doubt-300x169.jpg 300w, https:\/\/www.codemotion.com\/magazine\/wp-content\/uploads\/2020\/09\/cto-doubt-768x432.jpg 768w, https:\/\/www.codemotion.com\/magazine\/wp-content\/uploads\/2020\/09\/cto-doubt-896x504.jpg 896w, https:\/\/www.codemotion.com\/magazine\/wp-content\/uploads\/2020\/09\/cto-doubt-400x225.jpg 400w, https:\/\/www.codemotion.com\/magazine\/wp-content\/uploads\/2020\/09\/cto-doubt.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p>What do you think? Bored, of course! But boredom is good as evil is good. You need that Vampire-in-Brooklynian contrast to wake yourself up from sleepwalking through your day-to-day life. Once you find out you&#8217;re bored, it&#8217;s time to consider your options, something you&#8217;re clearly doing now.<\/p>\n\n\n\n<p>It goes without saying that if you enjoy being bored, you can continue to do so right away. But then you might as well stop reading words of wisdom (like these!) online and just stare at the screen for 80% of the work day to look busy. <\/p>\n\n\n\n<p>After all, managing your office efforts via the Pareto Principle is hard work, too! Got to keep within that 20% real working time&#8230;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">But <strong style=\"user-select: auto;\">being bored is not a sign that you&#8217;re ready to advance into a <span style=\"user-select: auto;\" id=\"urn:enhancement-5acd696\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/chief_executive_officer\">CEO<\/span> or <span style=\"user-select: auto;\" id=\"urn:enhancement-4310d7ef\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/entrepreneurship\">founder<\/span> position<\/strong>. <\/h5>\n\n\n\n<p>For example, you may need to learn some real <span style=\"user-select: auto;\" id=\"urn:enhancement-40729def\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/business\">business<\/span> sense and even completely ignore your future CTO and just go with anything the <span style=\"user-select: auto;\" id=\"urn:enhancement-d434107e\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/chief_marketing_officer\">CMO<\/span> or <span style=\"user-select: auto;\" id=\"urn:enhancement-5234c39a\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/chief_security_officer\">CSO<\/span> says. Or learn how to prevent messing up media interviews. <\/p>\n\n\n\n<p>And what about dealing with unruly shareholders who blame you for everything that&#8217;s wrong with your <span style=\"user-select: auto;\" id=\"urn:enhancement-95849d8a\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/company\">company<\/span> or industry in general? It&#8217;s not easy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How can I become CEO of my company?<\/h2>\n\n\n\n<p>As we mentioned earlier, that may involve warping your <span id=\"urn:enhancement-34b58a72\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/mind\">mind<\/span> a <span id=\"urn:enhancement-a81fd5a6\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/bit\">bit<\/span> and fighting the odd stereotype. While there are plenty of <span id=\"urn:enhancement-675fa2e\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/people\">people<\/span> out there who may find it refreshing to have a CEO who understands what, among other things, this cloud thing is, you&#8217;re starting with quite a few disadvantages.&nbsp;<\/p>\n\n\n\n<p>Because\u2014stereotype alert\u2014you&#8217;re supposed to be the shy, silent nerdy type who is mainly interested in comics, gaming or debating whether Han or Greedo shot first. Some may even suspect you still live in your <span style=\"user-select: auto;\" id=\"urn:enhancement-677c85f9\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/parent\">parents<\/span>&#8216; basement to this very day. <\/p>\n\n\n\n<p>How are you, as a &#8216;boring&#8217;, unpopular nerdy type, CEO-material? Clearly, you&#8217;re dreaming!<\/p>\n\n\n\n<p>Another thing that stands in your way is your <strong style=\"user-select: auto;\">upper management compatriots<\/strong>. Usually, it&#8217;s the COO or CSO who&#8217;s next in line for the <span style=\"user-select: auto;\" id=\"urn:enhancement-ece0448d\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/job\">job<\/span>. <\/p>\n\n\n\n<p>And these are the popular kids (or, at least they like to think they are) who bring in the <span style=\"user-select: auto;\" id=\"urn:enhancement-ba8ea4a6\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/business\">business<\/span>. They don&#8217;t want to see the person they believe is mainly there to fix the office printer above them.&nbsp;<\/p>\n\n\n\n<p>That&#8217;s not always out of spite. They may just fear getting less of a cut of the <span style=\"user-select: auto;\" id=\"urn:enhancement-6131cc6\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/company\">company<\/span> budget to meet their <span style=\"user-select: auto;\" id=\"urn:enhancement-5274d26b\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/goal\">goals<\/span>. A <span style=\"user-select: auto;\" id=\"urn:enhancement-9d455ca6\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/chief_marketing_officer\">CMO<\/span> may fear the same, as <span style=\"user-select: auto;\" id=\"urn:enhancement-530c57d0\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/marketing\">marketing<\/span> and IT <span style=\"user-select: auto;\" id=\"urn:enhancement-1b5c933f\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/people\">people<\/span> usually don&#8217;t get along very well. So, it&#8217;s an uphill battle. <\/p>\n\n\n\n<p>But since you&#8217;ve reached the role of <span style=\"user-select: auto;\" id=\"urn:enhancement-764d7bcb\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/cto\">CTO<\/span>, you probably know how to <span style=\"user-select: auto;\" id=\"urn:enhancement-6801e061\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/game\">game<\/span> the <span style=\"user-select: auto;\" id=\"urn:enhancement-6a8ca472\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/system\">system<\/span> to your advantage.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.codemotion.com\/magazine\/wp-content\/uploads\/2020\/09\/from-cto-to-ceo-1024x683.jpg\" alt=\"from cto to ceo\" class=\"wp-image-9537\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">How can I become CEO of another company?<\/h2>\n\n\n\n<p>When it comes to becoming a <span style=\"user-select: auto;\" id=\"urn:enhancement-2209f02e\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/chief_executive_officer\">Chief Executive Officer <\/span>in another <span style=\"user-select: auto;\" id=\"urn:enhancement-24491f75\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/company\">company<\/span>, the odds aren&#8217;t as stacked against you as trying to advance in your current one. You can start fresh so to speak. Yet, the stereotypes remain. You can bet that inside that <span style=\"user-select: auto;\" id=\"urn:enhancement-6b04fdf1\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/company\">company<\/span>, at least half of the board is eyeing the <span style=\"user-select: auto;\" id=\"urn:enhancement-44454131\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/chief_executive_officer\">CEO<\/span> position, too.<\/p>\n\n\n\n<p>The key here is to <span id=\"urn:enhancement-89103f6d\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/market_economics\">market<\/span> yourself as a potential <span id=\"urn:enhancement-db513600\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/chief_executive_officer\">CEO<\/span> to the outside world. Not by shouting it from the rooftops (read: <span id=\"urn:local-annotation-802781\" class=\"textannotation disambiguated\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/social_media\">social media<\/span>), but by, for example, cleverly posting some <span id=\"urn:enhancement-41f2f922\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/strategy\">strategic<\/span> blogs or tweetstorms and appearing on relevant podcasts. And that&#8217;s just the beginning.<\/p>\n\n\n\n<p>Even more important is <strong>your network<\/strong>. Try to get stakeholders behind you that will support your bid for the throne. Again, you probably know how to go about this already.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Is becoming a founder the only available option for a CTO who wants to evolve?<\/h3>\n\n\n\n<p>To be frank, it&#8217;s both the easiest and the hardest option available to you if you want to lead a <span id=\"urn:enhancement-3b13104a\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/company\">company<\/span>. Striking out on your own means you get to make all the <span id=\"urn:enhancement-2ff53a13\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/decision-making\">decisions<\/span>. You can do things the way you want, hire the <span id=\"urn:enhancement-498be8bc\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/people\">people<\/span> you want, make the products or services you want for the target audience you want.&nbsp;<\/p>\n\n\n\n<p>The big problem with striking out on your own is you HAVE to make all the <span id=\"urn:enhancement-45626f37\" class=\"textannotation disambiguated wl-thing\" itemid=\"http:\/\/data.wordlift.io\/wl01770\/entity\/decision-making\">decisions<\/span>. And it doesn&#8217;t necessarily mean you can always do things the way you want. After all, there&#8217;s this thing called reality. A real bummer, we know!<\/p>\n\n\n\n<p>Having a cushy board seat on some big(ish) company doesn&#8217;t even come close to the responsibilities and stress levels you&#8217;ll have as a founder of your company. <\/p>\n\n\n\n<p>Not only does it involve your money or money from investors who usually demand a sizeable ROI, but it also involves risking the livelihoods of your employees and their families.&nbsp;<\/p>\n\n\n\n<p>So, it&#8217;s an option, but <strong>you&#8217;ll have to be prepared to take risks<\/strong> and have the <strong>entrepreneurial talent<\/strong> for it.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How do I become a founder?<\/h2>\n\n\n\n<p>Easy. Depending on the country or state you want to establish a company in, you create one via the appropriate channels. Voil\u00e0! You&#8217;re a founder.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What are the steps to becoming a founder?<\/h3>\n\n\n\n<p>There are plenty of steps you have to take, depending on what type of company you want to establish. A sole proprietorship is easy enough. But <strong>the larger you&#8217;re aiming to become, the harder it is.&nbsp;<\/strong><\/p>\n\n\n\n<p>Before you even get to this point, you&#8217;ll have to determine what product or service you&#8217;re going to sell, in which industry, and to which target audience. Shocker! Yes, we know.&nbsp;<\/p>\n\n\n\n<p>Once you&#8217;re done with that, it&#8217;s time to <strong>determine your goals and your KPIs<\/strong>. Say what? Goals? Yes! Create goals upfront and decide there and then how to measure your success. Otherwise, your company will mainly be a keeping-myself-busy exercise where you waste a lot of time and money\u2014both for yourself and others.<\/p>\n\n\n\n<p>Next, you can <strong>determine the size, structure and location of your company<\/strong>. Do you want employees from the start? What will the organisational chart look like now? How many people do you need at minimum? And how many do you plan to have if and once the company gains traction?&nbsp;<\/p>\n\n\n\n<p>Money! Another thing of not-so-minor importance. <strong style=\"user-select: auto;\">Do you need initial funding?<\/strong> Where do you get the funds? From family? The banks? A crowdfunding campaign via <a aria-label=\"undefined (opens in a new tab)\" style=\"user-select: auto;\" href=\"https:\/\/www.kickstarter.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Kickstarter<\/a> or <a aria-label=\"undefined (opens in a new tab)\" style=\"user-select: auto;\" href=\"https:\/\/www.indiegogo.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Indiegogo<\/a>? Investors? And from which country? <\/p>\n\n\n\n<p>Do you go green and only work with investors who invest in green, environmentally-conscious companies and shy away from arms manufacturers? Or are you actively gunning for the latter?&nbsp;<\/p>\n\n\n\n<p>Next, you might question whether&nbsp; <strong>you even need an office<\/strong>. These days, just about every office job can be done remotely. But should you need an office, warehouse or factory, where should it be located? Next to where you live? Or where your employees live? Or close to your customer base?&nbsp;<\/p>\n\n\n\n<p>Those are just a few questions one might ask when establishing a company. So, if you&#8217;re not hiding behind a pillow right now and are prepared to take this on, go for it!<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"675\" src=\"https:\/\/www.codemotion.com\/magazine\/wp-content\/uploads\/2020\/09\/from-cto-to-founder.jpg\" alt=\"founder\" class=\"wp-image-9538\" srcset=\"https:\/\/www.codemotion.com\/magazine\/wp-content\/uploads\/2020\/09\/from-cto-to-founder.jpg 723w, https:\/\/www.codemotion.com\/magazine\/wp-content\/uploads\/2020\/09\/from-cto-to-founder-300x280.jpg 300w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">How do I choose my co-founders?<\/h3>\n\n\n\n<p>You may not have the courage to make all those decisions by yourself. So, in comes the co-founder. Hooray! Everything solved! Or is it?<\/p>\n\n\n\n<p>Because <strong>the wrong co-founder can be a nightmare<\/strong>. It&#8217;s like having to work with that awful colleague you prayed would be fired. Only now you&#8217;re stuck with them and they have a say in the company and your future. Do we hear a gulp? Rightly so!<\/p>\n\n\n\n<p>So, <strong style=\"user-select: auto;\">this co-founder should be someone who completes you when it comes to your talents<\/strong>. It should also be someone you&#8217;ve worked with before if that&#8217;s possible. <\/p>\n\n\n\n<p><strong style=\"user-select: auto;\">The chemistry between you and the co-founder<\/strong> must be good so that the business relationship can survive the challenges ahead.&nbsp;<\/p>\n\n\n\n<p>Also, take note that the way you act will determine the <strong>company culture<\/strong>. Uber is a notorious example of how a particular company culture became problematic later on for both affected employees and the leadership.<\/p>\n\n\n\n<p>So, choose wisely, <strong style=\"user-select: auto;\">meet up with a lot of potential candidates<\/strong>, both inside your network and outside it\u2014and most importantly, be picky. <\/p>\n\n\n\n<p>Last but not least, make sure you&#8217;ve thought through the financial side of the arrangement. Better to involve a lawyer now than to be kicked out of your own company down the road in a worst-case scenario.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p>So here&#8217;s the deal: you&#8217;re probably bored with your position right now. Otherwise, you wouldn&#8217;t dream of becoming a CEO. That doesn&#8217;t mean you&#8217;re ready to become said CEO. That involves <a href=\"https:\/\/www.codemotion.com\/magazine\/dev-hub\/cto\/cto-musthave-skills\/\">having special skills<\/a>, too!<\/p>\n\n\n\n<p>You&#8217;ve already experienced the nasty realities that come with corporate life for years now. So climbing that final rung up the ladder should be familiar territory to you.<\/p>\n\n\n\n<p>Where you climb it is a different story. If you attempt it in your current company, the strategy is different vs another company. For both scenarios, you&#8217;ll have to fight plenty of stereotypes and learn a thing or two about the business, media and managing stakeholders.<\/p>\n\n\n\n<p>If that isn&#8217;t your cup of tea, you can always venture out on your own as a founder of a company. The good? You decide everything. The bad? You are responsible for everything\u2014including the things that go wrong. The ugly? You may fail badly.<\/p>\n\n\n\n<p>Depending on your strategy, you may want to choose a co-founder. But that&#8217;s a path fraught with danger. So choose wisely.<\/p>\n\n\n\n<p>So there you go. Everything you need to formulate that cunning plan of yours. <strong>Enjoy!<\/strong><\/p>\n\n\n\n\n\n<div class=\"uagb-cta__outer-wrap uagb-block-a719b829\"><div class=\"uagb-cta__content-wrap uagb-cta__block uagb-cta__icon-position-below-title \"><div class=\"uagb-cta__left-right-wrap\"><div class=\"uagb-cta__content\"><div class=\"uagb-cta__title-wrap\"><h3 class=\"uagb-cta__title\">Remain focused on your career path<\/h3><\/div><div class=\"uagb-cta-text-wrap\"><p class=\"uagb-cta__desc\">If you want to be prepared to make the right decisions at the right time for your career path it&#8217;s vital that you comprehend your wants and needs as well as all the options in front of you. Make sure you subscribe to our newsletter to keep reading our developer career-focused contents as they get published!<\/p><\/div><div class=\"uagb-cta__link-wrapper uagb-cta__block-link-style\"><div class=\"uagb-cta__button-wrapper wp-block-button\"><a data-fz-event=\"fromcto2ceo\" href=\"https:\/\/bit.ly\/3aVzd27\" class=\"uagb-cta__button-link-wrapper wp-block-button__link\" target=\"_self\" rel=\"noopener noreferrer\"><span class=\"uagb-cta__link-content-inner\"><span>SUBSCRIBE NOW<\/span><\/span><\/a><\/div><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Table Of Contents What comes after being CTO? Am I really ready for advancement, or am I just bored with this company? But being bored is not a sign that you&#8217;re ready to advance into a CEO or founder position. How can I become CEO of my company? How can I become CEO of another&#8230; <a class=\"more-link\" href=\"https:\/\/www.codemotion.com\/magazine\/dev-life\/cto\/become-ceo\/\">Read more<\/a><\/p>\n","protected":false},"author":67,"featured_media":9519,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":9,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","_uag_custom_page_level_css":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[42],"tags":[],"collections":[],"class_list":{"0":"post-9518","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cto","8":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CTO and going for the CEO position?- Codemotion Magazine<\/title>\n<meta name=\"description\" content=\"As a CTO or Chief Technology Officer, you may feel like you&#039;re ready to become the CEO or Chief Executive Officer. But are you really? Find out right now\u2026\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.codemotion.com\/magazine\/dev-life\/cto\/become-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Being A Good CTO Is Just Not Enough\" \/>\n<meta property=\"og:description\" content=\"As a CTO or Chief Technology Officer, you may feel like you&#039;re ready to become the CEO or Chief Executive Officer. But are you really? Find out right now\u2026\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.codemotion.com\/magazine\/dev-life\/cto\/become-ceo\/\" \/>\n<meta property=\"og:site_name\" content=\"Codemotion Magazine\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Codemotion.Italy\/\" \/>\n<meta property=\"article:author\" content=\"#\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-22T08:08:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-05T19:05:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.codemotion.com\/magazine\/wp-content\/uploads\/2020\/09\/cto-6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lorenzo Ermigiotti\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@#\" \/>\n<meta name=\"twitter:site\" content=\"@CodemotionIT\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lorenzo Ermigiotti\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.codemotion.com\/magazine\/dev-life\/cto\/become-ceo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.codemotion.com\/magazine\/dev-life\/cto\/become-ceo\/\"},\"author\":{\"name\":\"Lorenzo Ermigiotti\",\"@id\":\"https:\/\/www.codemotion.com\/magazine\/#\/schema\/person\/e54433adb771f0b877d4127bade34b40\"},\"headline\":\"Being A Good CTO Is Just Not Enough\",\"datePublished\":\"2020-09-22T08:08:51+00:00\",\"dateModified\":\"2022-01-05T19:05:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.codemotion.com\/magazine\/dev-life\/cto\/become-ceo\/\"},\"wordCount\":2291,\"publisher\":{\"@id\":\"https:\/\/www.codemotion.com\/magazine\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.codemotion.com\/magazine\/dev-life\/cto\/become-ceo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.codemotion.com\/magazine\/wp-content\/uploads\/2020\/09\/cto-6.jpg\",\"articleSection\":[\"CTO\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.codemotion.com\/magazine\/dev-life\/cto\/become-ceo\/\",\"url\":\"https:\/\/www.codemotion.com\/magazine\/dev-life\/cto\/become-ceo\/\",\"name\":\"CTO and going for the CEO position?- Codemotion Magazine\",\"isPartOf\":{\"@id\":\"https:\/\/www.codemotion.com\/magazine\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.codemotion.com\/magazine\/dev-life\/cto\/become-ceo\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.codemotion.com\/magazine\/dev-life\/cto\/become-ceo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.codemotion.com\/magazine\/wp-content\/uploads\/2020\/09\/cto-6.jpg\",\"datePublished\":\"2020-09-22T08:08:51+00:00\",\"dateModified\":\"2022-01-05T19:05:47+00:00\",\"description\":\"As a CTO or Chief Technology Officer, you may feel like you're ready to become the CEO or Chief Executive Officer. 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