When you’re a small business owner looking for the ideal title for your position, it’s normal to feel overwhelmed by the number of options—or to believe that your only options for business owner titles are “owner” or “CEO.”
Small business Owner titles: Which one is right for you?
There are lots of business owner titles that small business owners can use. Selecting the most appropriate one typically depends on the size of your business or company, the type of services your business or company provides, and the management structure. Having a unique business owner title can give prospective clients and partners vital information regarding the company’s size and structure.
Owner titles of Small businesses can range from standard (CEO, owner) to specific (director of technical operations). Every entrepreneur must make their own decision about the proper title to use. But there are a couple of things to think about to assist you to identify the title that works best for your particular business and its role there. These are a number of choices and things to think about.
What is a small business owner title?
A small business owner title is a title used by the main individual in charge of a small business. The title a business owner chooses typically takes their company’s goals and objectives into account while still feeling personal. The roles of a business owner are diverse and the title should reflect that.
Some business structures have legally determined titles for their owners, such as with limited liability companies where an owner is legally called a managing member. However, even in the case of these companies, the title that the head of an organization chooses to use when communicating with clients, partners, and other parties is completely up to that person. You can consult with the professionals at BusinessNerd.com to learn more on setting up an LLC in your state.
Small Business Owner Titles
1.Chief Executive Officer
Chief Executive Officer is a unique business owner title that permits you to demonstrate that you simply are the individual responsibility of the whole company. it’s often employed by companies with equipment or those that want their business to seem highly established.
Another adept title, the president conveys a message of authority and may basically be used in place of the CEO depending on your choice and the way the remainder of the titles are structured within your company.
If you’re the sole owner of your business, then if it’s not an investor partnership or corporation, then you may prefer to keep it simple and support the owner.
The manager is an alternative choice that shows that you simply are the sole owner or the person responsible for the business, but it’s going to sound a touch more official than the owner.
This is another term for the owner that was commonly used in the past decades. Therefore, it carries an equivalent message, but it is often specially used in Main Street businesses and little city service providers.
If you were actually the one that formed your business/company in the first place, and not someone who bought or formed a business/company during which you ultimately became the person responsible, then you would possibly choose founder as your title.
If you are one of those people trying to find a professional-sounding business degree that does not necessarily mean you’ve got to be the sole owner of the business, the director is often an excellent option.
For Limited Liability companies, owners are technically members. But to point that you simply really are responsible for business-related decisions, the managing member could also be a touch more specific.
This title gives people a good impression regarding your level of involvement and ownership within the company. The word “managing” is a clear indication that you are directly involved in the management of a company department or of the entire company, while the word “member” or “partner” implies that you partly own the organization at least.
The role of a managing partner is to outline the company’s vision and future plans to employees and directly implement the strategies that are likely to push the organization in the right direction.
For associated companies, the managing partner allows people to understand the structure of their business while transmitting their status because of the main decision-maker.
The technical director can function as a title that matches one’s real niche in technical companies.
Similarly, the Creative Director is often an excellent title for those that run creative businesses like design companies, fashion stores, etc.
Although an administrator can also be a manager, the two are typically different roles, as the administrator usually deals with various aspects of an organization’s short and long-term plans, while a manager role implies leading a group of people.
As a business owner, the title of administrator is a clear indication that you also play a major part in directing the company’s current and future actions.
However, for office-based businesses, the Administrator is a good fit.
13.Director of operations
Director is a business title mostly relevant to companies that want to incorporate their industry or area of specialization in the title. You can use the title of chief operating officer or choose something more specific as chief technology officer for a technology company.
14.Chief Accounting Officer
Similarly, small business owners can use something like an accounting chief as their business owner’s title. This is often an excellent option because it can work for everybody from blue-collar entrepreneurs to financiers.
You can also choose something that’s a touch more creative if you would like to convey that your business is fun and shows a touch of personality. Anything from the boss disruptor to the coding ninja to the restroom unclog manager can add this instance; just confirm your target customers can interpret that humor too.
Public companies are run by a group of individuals called the board of directors who are elected to represent the shareholders. The board is tasked with making the top-level decisions within the organization, including the hiring and firing of the president and the CEO.
The chairperson of the board is elected by other board members and holds what is typically considered to be the top position in any organization. In certain situations where the chairperson is also heavily involved with day-to-day operations and company decisions, they may also fulfill the role of the CEO.
In Conclusion: Endeavor to choose a small business owner title that you are comfortable with and that you feel that best reflects your role as owner the owner of a business. Also, you can always adjust your title later on as your business and day-to-day tasks evolve.