Randy H NelsonRandy H NelsonRandy H NelsonRandy H Nelson
  • Home
  • Meet Randy
    • Coaching
    • Speaking
  • Books
  • Decision Center
  • Quiz
  • Media
  • BLOG
    • Build Articles
    • Blend Articles
    • Maximize Articles
  • Contact
✕

Knowing and Owning Your Role

Published by Randy H. Nelson

When you first start a business, chances are you’re wearing nearly every “hat” needed to run it. Once you’ve launched, there comes a point where you have to take a look at the roles you’re filling and determine which ones make sense to continue with. The following are the most common positions held by entrepreneurs – which are you currently holding?

Founder/Entrepreneur: An individual who organizes and operates a business or businesses, taking on financial risk to do so.

Accidental Entrepreneur: Sometimes ideas are pursued and companies are formed more from circumstances than an actual plan. In my eyes, you’re an accidental entrepreneur if you did not actively seek the role of the entrepreneur—instead, it sought you!

Partner: One that is united or associated with another or others in an activity or a sphere of common interest, especially: a member of a business partnership.

President: A leader of an organization or company (or club, trade union, institution, nation, or just about anything else that one might preside over).

Chief Operating Officer (COO): The holder of this title is one of the highest-ranking executives in an organization, comprising part of the “C-suite.” The COO is responsible for the daily operation of the company and routinely reports to the highest ranking executive, who is usually the Chief Executive Officer.

Chief Executive Officer (CEO): The highest-ranking corporate officer (executive) or administrator in charge of the total management of an organization. Sometimes the term is used interchangeably with president; sometimes there is one but not the other; sometimes an organization will employ both.

The question becomes – which roles should you be holding. Or which roles are necessary for your business and its future. Ask yourself the following questions and try to be honest with your answers:

  • List the roles you feel have been most relevant to you through the start-up phase. What are they now? What has changed if that list has changed? How do you foresee it changing?
  • Think about your expectations of each of these roles and the attributes attached to them. Think about this not only in your own organization, but what responsibilities and capabilities do you envision a person holding one of these roles in another company to possess?
  • Thinking about the formality of these titles should cause you to think about the value you bring the business. If you were to list your top capabilities – what would they be? How do they match up with the roles listed above?
  • What roles do you feel you are best suited for – including those that may not be listed here (e.g. Marketing, Finance, etc).

It’s one thing to throw around these titles and to hear others talk about them, it’s another to understand what these roles mean in regard to your business and what capabilities are needed to successfully fill them. With some honest reflection, you can begin to make the right classifications and assignments when it comes to the effective management of your business.

  • About
  • Latest Posts
Randy H. Nelson
Randy H. Nelson
Author and Serial Entrepreneur at The Decision Center
Randy H. Nelson has a long history of entrepreneurial leadership, stemming from his educational, military, and business backgrounds. He has co-founded two successful businesses and served as CEO to both. He has written books on entrepreneurship and now seeks to help entrepreneurs and CEOs everywhere through coaching, consulting, workshops and public speaking.
Randy H. Nelson
Latest posts by Randy H. Nelson (see all)
  • Was Your Day Busy or Productive? - June 6, 2022
  • Are Your Differentiators Defendable? - May 10, 2022
  • Are You In Control or Out of Control of Your Growth? - March 31, 2022

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Telegram (Opens in new window)

Related

Share
0
Randy H. Nelson
Randy H. Nelson
Randy H. Nelson has a long history of entrepreneurial leadership, stemming from his educational, military, and business backgrounds. He has co-founded two successful businesses and served as CEO to both. He has written books on entrepreneurship and now seeks to help entrepreneurs and CEOs everywhere through coaching, consulting, workshops and public speaking.

Related posts

business man being productive

Businessman looking at laptop and thinking. Businessman reading emails on laptop in office lobby.

June 6, 2022

Was Your Day Busy or Productive?


Read more
Business Differentiators
May 10, 2022

Are Your Differentiators Defendable?


Read more
corporate growth
March 31, 2022

Are You In Control or Out of Control of Your Growth?


Read more

Comments are closed.

Search Our Site

✕
Certified Virtual Presenter
Get Chapter 1 of Both of Randy’s Bestsellers, The Second Decision and The Third Decision FREE! When you subscribe to his newsletter.

Get Randy’s Newsletter

 


Follow Randy

RSS
Follow by Email
Facebook
Twitter
Follow Me
LinkedIn

Randy’s Latest Articles

  • business man being productive0
    Was Your Day Busy or Productive?
    June 6, 2022
  • Business Differentiators1
    Are Your Differentiators Defendable?
    May 10, 2022


Have A Question?






    Name (required)

    Email (required)

    Message

    Tweets by @randyhnelson

    Subscribe

    Contact Randy


    (919) 333-7530
    info@randyhnelson.com

    Latest Article

    • business man being productive0
      Was Your Day Busy or Productive?
      June 6, 2022

    Randy H Nelson and The Decision Center | © 2013-2020 | All Rights Reserved
    Website designed by Success by Design

    This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT