Follow UsFollow UsFollow Us Client Login

Gerber Financial Advisors


ASK GERBER : DO I NEED A CEO?

AUGUST 23, 2018

At this stage in business ($5M-$20M annual sales), there is no such thing as a Chief Executive Officer (CEO). For small businesses this seat rolls up into the shareholder/founder/entrepreneur because you still need to figure out the kinks of business growth.

 
As a small business you (as the entrepreneur) still have some learning to do. Your path to growth can be forced to pivot at any given time, and you need to be the driver of the bus until you understand your long-term growth plan.

In a large company the CEO is there to make major corporate decisions, manage company operations and resources, and be the main contact for communications between the board of directors and company operations.

YOUR NEEDS AS A SMALL BUSINESS
  

In a publicly traded company communicating with and reporting to the company’s Board of Directors is a very important role. That board operates to ensure the company's success by directing company affairs while meeting the appropriate interests of its shareholders and stakeholders. In a small business, you’re not there yet. You may have an advisory board (group of trusted advisors that provide strategic advice) which is a relationship best managed by the entrepreneur. 
 
INVESTMENT
 
Each seat in your C-Suite should be evaluated based on return on investment. Will the new hire allow you to focus on more important, money making activities? 
 
Because investing in the role of CEO comes with a hefty price tag, the answer for now is no. The entrepreneur is fully capable to operate in this role while you grow.

Meet the person that operates as Gerber’s CEO – our Founder, Randy Gerber!
 
 


INDEX
  • ASK GERBER: HOW DO I HELP EASE EMPLOYEE STRESS DURING BUSY SEASON ?
  • ASK GERBER: DO I NEED TO HIRE HR?
  • ASK GERBER : DO I NEED A CEO?
  • ASK GERBER: DO I NEED TO HIRE A COO?
  • ASK GERBER: DO I NEED TO HIRE A CMO?
  • ASK GERBER: DO I NEED TO HIRE A CFO?
  • ASK GERBER: HOW DO I KEEP PASSION AND PROFITS TOP OF MIND IN MY BUSINESS?
  • ASK GERBER: WHY DO I NEED TO INVEST IN HOSTING AN ANNUAL RETREAT FOR MY TEAM?
  • ASK GERBER: HOW CAN I ENGAGE WITH MY CLIENTS/PROSPECTS WITHOUT BREAKING THE BANK?
  • ASK GERBER: WHAT IS A CLIENT SERVICE MATRIX? PART DEUX
  • ASK GERBER: WHAT IS A CLIENT SERVICE MATRIX? PART ONE
  • ASK GERBER: THE HIRING PROCESS. WHY IS IT SO DAMN HARD?
  • ASK GERBER: WHY IT'S IMPORTANT TO KNOW AND GROW YOUR COMPANY CULTURE
  • ASK GERBER: HOW DO I ACHIEVE THE WORK/LIFE BALANCE AS A BUSY ENTREPRENEUR?
  • ASK GERBER: HOW DO I PREPARE MY FRIENDS FOR LIFE AS AN ENTREPRENEUR?
  • ASK GERBER: FIRST GENERATION ENTREPRENEURS AND BUSINESS EXECUTIVES, HOW ARE THEY DIFFERENT?
  • ASK GERBER: I PUT SO MUCH OF MYSELF INTO MY BUSINESS THAT I WORRY I AM FALLING SHORT AS A SPOUSE AND PARENT. WHAT CAN I DO?
  • ASK GERBER: ARE CHILDREN OF FIRST-GENERATION ENTREPRENEURS MORE LIKELY TO BE SPOILED?
  • ASK GERBER: WHAT'S YOUR STANCE ON REMOTE ACCESS FOR EMPLOYEES?
  • ASK GERBER: WHEN DO I NEED TO HIRE AN ADMINISTRATIVE ASSISTANT?
  • If you would like to be notified via email each time we publish a new blog or if you would like to be removed from our emailing list, please fill out the form below.







    Additional Comments: