Open Brainstorms
At what point should a start up owner begin to assume an executive roll?
Would an owner of a small start up business be better suited helping out with the operation itself or focusing on larger issues such as marketing strategies, strategic partnerships inventory management.
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Brainstorm Info
| Creator: | JMunchies |
|---|---|
| Created: | almost 17 years ago |
| Activity: | almost 4 years ago |
| Users: | 7 |
| Ideas: | 10 |
10.
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9.
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8.
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7.
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6.
from the day you think of the idea. Executive means leader.
5.
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4.
I am a non-English speaker but have just about had it with poor English from the "natives". The owner should not assume an executive "roll" but a "role". The mental picture of an executive "roll" prevents me from coming forth with any suggestions to the author.
3.
Such a business owner should be able to do both - at the outset, the owner will invariably be involved in operations, but as the business solidifies, and trustworthy people or partners are brought in, the owner will have the time and obligation to focus on the larger issues. The time comes from the trust in others to do what the owner may know best, and the obligation of the owner is to use that knowledge to best position the company in its particular marketplace.
2.
Try to automate or outsource as many areas of operation as you can as soon as the business model has proven to be profitable. That frees up your time to focus on business growth ideas or new businesses.
1.
The owner should step away assuming the business has the capital necessary to pay full time employees to run the operation.