A small business can't grow if it doesn't have the right people in place. Having the right people for your small business means identifying leaders with experience in the same industry as you and sharing your vision. So let's take a look at some of the key roles that you need to consider for your company.
Chief Executive Officer (CEO)
As the head of a small business, you're responsible for everything from your company's vision and direction to its finances and leadership team.
But what about the CEO? While it might be easy to assume that CEOs are just like other employees, they have very different responsibilities than other positions in your company which is why they play such a key role in business.
As such, when hiring a new chief executive officer (CEO), there are several top considerations you should keep in mind:
● The CEO is responsible for your business's overall vision, strategy, and direction. This includes ensuring that all departments—including sales, marketing, operations, and finance—are aligned so that they work toward achieving their shared goals. It also involves getting buy-in from all of these teams on any significant changes you want to implement within each department and outside of them (such as establishing partnerships or entering new markets).
● Along with developing an overall strategy for success within your organization's mission statement, it falls on the shoulders of this individual to make sure that everyone else understands how their role fits into it too. For example, suppose someone isn't pulling their weight or working towards accomplishing their job goals effectively enough. In that case, this person must take action quickly before bad habits become ingrained behaviors throughout an entire team structure."
Key Roles- Chief Operations Officer (COO)
The Chief Operations Officer (COO) is the second-in-command at your company, responsible for overseeing all day-to-day operations.
The COO is also the liaison between you and your team members, ensuring that each person knows what they're doing and how their tasks contribute to the business's overall success.
Ultimately, it's his job to ensure that your company runs smoothly so everyone can focus on their roles with peace of mind.
The best COOs have extensive experience in management and communication skills, so they can motivate team members through difficult times and keep them on track with their goals.
If you have an idea for something that might benefit your business but don't know where to start implementing it yourself, or if there's a significant issue with how things are currently being handled, consider hiring someone like this.
Chief Technology Officer (CTO)
The Chief Technology Officer (CTO) is a senior executive who is responsible for the company's technology strategy, technology planning, and technology implementation. The CTO may also be responsible for an organization's information systems department or information technology (IT).
Chief Financial Officer (CFO)
The Chief Financial Officer (CFO) is responsible for financial planning and management, financial analysis, tax accounting, budgeting, and reporting. Budgeting is a must in business which is why this one of the key roles for your company.
The CFO helps companies ensure they have enough money to operate and grow through accurate forecasting.
The CFO also guides how much capital should be raised from investors at different stages of the business's life cycle.
They also ensure that your company complies with all legal requirements related to finances, such as taxes, payroll, etc.
VP of Sales
A VP of Sales is responsible for building and managing the sales team. This includes recruiting, training, and mentoring new salespeople.
The VP also maintains a pipeline of potential leads, works with marketing to create sales materials, creates new strategies to increase revenue, and develops pricing strategies based on market conditions.
The skills needed to be a good VP of Sales include excellent verbal, written, and visual communication skills and strong negotiation abilities.
A strong work ethic is also essential; this person will likely be putting in long hours at the office or on projects outside work hours to reach goals within deadlines set by upper management executives.
In terms of requirements for being a successful VP Of Sales, one can take many different paths depending on their interests and what type of company they're working for. Whether it's a big corporation or a small business owner needing someone who knows their stuff, it comes down to getting some initial traction out there.
Key Roles- Chief Marketing Officer (CMO)
A chief marketing officer (CMO) is generally responsible for the overall marketing strategy of a company.
They are in charge of the marketing team and budget and developing the marketing mix.
The CMO oversees internal and external branding efforts to ensure that customers know who you are and what you stand for.
As a small business owner, it's essential to ensure your employees have all the resources they need to succeed—including having someone on staff with experience in their professional field. This is what makes a CMO one of the key roles to fill in your business.
That person could be anyone from an administrative assistant to a full-time employee;
-it depends on what kind of work needs to be done by each staff member at any given time.
Product Manager
The Product Manager is one of the most key roles in a small business and a must-hire position. They are responsible for your product or service and its success, so it's essential to find the right one. A Product Manager has several responsibilities, including:
● Creating new ideas and products from scratch
● Defining what you want your product/service to do and how it should achieve that goal
● Managing all aspects of development, including design, marketing, pricing, and sales.
Project Manager
As a project manager, you are the go-to person for all questions and concerns. You manage every aspect of your team's work: from assigning tasks to tracking progress and ensuring deadlines are met.
Your role as a project manager is crucial because it ensures that projects move forward smoothly and on time.
As a small business owner or entrepreneur, you may have been working on projects yourself until now;
- but even if you haven't had experience with managing a team before, learning how to do so will help you increase productivity across various departments in your company.
Customer Success Manager (CSM)
Customer Success Managers (CSMs) are the champions of your brand. They're the ones that keep customers happy, make sure they're getting the most out of their experience with you, and do everything in their power to ensure that customers have a positive relationship with your company.
In other words, CSMs are an essential part of any business's success—and if you don't have one yet, it's time for that to change.
Key Roles- Human resources (HR) manager
An HR manager is a must-have if your company has more than five employees. Human Resources (HR) professionals are responsible for everything related to human resources: hiring, training, and development, benefits, safety, and well-being—everything.
If you're a small business that only employs one or two people right now—say you're just starting with yourself as the only employee—you probably don't need an HR professional yet.
But as your business grows over time, so will the number of employees on staff. It's best to plan by investing in an HR person when you can afford it so that you'll be ready when the time comes and this becomes one of the key roles in your company.
Small businesses often focus on growth, and filling key roles is no exception
You know what it takes to run your company as a small business owner. You're the one who makes sure customers get what they want and your employees are happy.
But when it comes to hiring, that responsibility falls on someone else—someone who can do the job even better than you can.
As a small business owner, you may be focused on growth, and your goal is to ensure your business keeps growing as much as possible to succeed in the long run.
Hiring people who can take care of some of your tasks will allow you more time for other things like growing the company further or focusing on customer service issues that may arise from time to time at work sites around town.
Conclusion
So there you have it. The top five key roles every small business needs to hire for to grow their company.
As you can see, there's no shortage of critical hires. For example, hiring a CSM would be a great choice if you don't have an HR manager yet but need someone who can manage your team effectively.
Or maybe one of the other abovementioned roles would better suit your needs? But whatever position you decide on hiring for next time around
—whether it's now or later—make sure that whoever fills those shoes will not only make them shine brighter than ever before but also help improve productivity levels among coworkers.
