Entrepreneurship · Entrepreneurs

Startup CEOs: what are their main responsibilities?

Richard Tan Internet Marketer, Social Media Manager, and Freelance Writer

September 24th, 2016

Putting together a startup with a bunch of friends and in the process of distributing titles. In order to do this we need to put all of our skills on the table and then move forward from there. For the CEO of a startup, what are their main responsibilities?

Ramesh

September 24th, 2016

As the CEO of a startup he/she should:
1. Be responsible for implementing the growth plans and/or designing a strategy for growth
2. Distribute work to those who are confident/specialized in what they do.
3. Talk to investors, employees and community and keep the momentum going
4. Be optimistic and make decisions based on data than intuition
5. Have the capacity to listen to employees, partners and customers and make/tweak business decisions.
 

Anubhav Kushwaha When was the last time you took charge of building a team from scratch? We are hiring software development leaders

September 24th, 2016

A CEO must do whatever it takes to make the business successful and grow it. That means building the v1 of the product/service and then building a team to grow it further. Building the first strategic partnerships and then building a team to grow those further. Building the first team and then building a team to build more teams... you get the drift.

A CEO must to whatever it takes to make the business successful and grow it - at every stage of the business it means doing what must be done if someone else is not doing it already. Then finding ways to do it at scale and sustainably as needed. So when you start with a team of cofounders, its usually the last person who didn't pick specific responsibilities who is likely to be the CEO


Roy EA Helping Clients Build Products, Processes, & Profits| Adjunct Chief Financial, Research, or Operations Officers|

September 25th, 2016

Hmm. No one mentioned setting the mission and vision- and making sure everyone is committed to it.  It also includes, IMHO, ensuring that customers/clients understand the mission/vision, which should also serve as a reason for them to frequent your services/products.

Myles Fuchs Sales Marketing Business Development

September 24th, 2016

In no particular order, the CEO should be directly or be tangentially involved in:
Fund raising 
Hiring key employees
Sales
Member of the Board of Dirextors
Marketing / Advertising / Social Media 
Finance
Customer Relations
Let me know if you would like more detail on any of the above. I'd be happy to jump on a call.
Myles Fuchs
512-496-2201
Myles@rocketmail.com

Arthur Lipper Chairman of British Far East Holdings Ltd.

September 24th, 2016

To set priorities and then to determine wh should do what. Arthur

Val D'Souza CEO, Catalyst Apps

September 24th, 2016

In a bootstrap operation, efforts to raising capital can actually be a huge risk to the near and medium term survival of the company. It can take so much effort and especially with the low success rate of raising the necessary capital. You can put in 100s of hours and come up empty handed. Those hours being absent from operations and strategy and sales, etc. can take the company onto a wrong path causing existential risks. It's great to hear all the success stories. But success rate of raising capital is 4 to 8 percent depending on how you measure it. If you put your eggs in the the "raise capital to survive", your odds are actually pretty dismal. So what should a CEO's duties be? Follow the standard checklist everyone reads about in books with your own realities in mind.  I've found that having a plan A, B and C explicitly planned out depending on realities on the ground was very helpful 

Arthur Lipper Chairman of British Far East Holdings Ltd.

September 25th, 2016

The reason equity capital is hard to find for a start cup is the experience of investors is poor. Royalties are the far better way to both invest in and finance early stage companies. See Royalties.Website for an education. Arthur

Brendon Whateley Founder at Kugadi

September 25th, 2016

Wow, distributing titles seems like something you should not be worrying about! The CEO is responsible for, in a word, everything!

If you are like most startups, his primary goal will quickly move towards sales and marketing -- and if needed -- fundraising. None of the rest of the titles really matter. Rolls and needs will change as things progress.

Instead of worrying about rolls, just go with "co-founder" and get on with getting product-market fit. Nothing else really matters. I'd advise choosing a CEO as soon as possible to handle all the business details. You don't want to drop the ball on accounting, taxes, licenses, insurance, etc, etc. The CEO can keep that in order and lead the sales & marketing & fundraising. 

Arthur Lipper Chairman of British Far East Holdings Ltd.

September 25th, 2016

Defining vision and objectives. Most importantly is clearly indicating the resources needed to at least breakeven and the timetable for achieving objective.