20 Professional Business Owner Titles: Pick Your Lucky Charm!!!
Are you a business owner? Do you have any business organizations? If so, then it would be better if you read this article that will help you to fit the right titles according to the position. Business owner titles! It’s a very common and fundamental thing to give the best title for small business owners. When you act as an entrepreneur, you have to allocate business titles based on the company’s goal and objective. Thus, you need to know some titles for a business owner and business co-owners.
In this article, I will discuss 20 different titles for business owners, which will assist you in understanding the right use of these titles, and you can easily apply them in your organization. Through this article, you can narrow down the roles and responsibilities of your as well as your co-workers that will ensure your business success and take it to the next level.
A business owner title refers to a tag or title which is used by the owner itself of any business organization. The title of a business owner can represent the work responsibilities and reflect their activities. There are numerous roles and responsibilities of any business entrepreneur, and the right title can act as a mirror to realize them.
In limited liability companies, the business owner titles are legally determined according to their business structure, and the owner is called a managing member of such kinds of organizations. So, the head of an organization has the complete right to decide which titles they are used for communicating with their clients, partners, and others.
As a head of any organization, you may be known as a business owner, but this title may not reflect all of your roles and responsibilities. Moreover, you need to know the way of choosing the perfect business owner titles that can represent your actual activities in your organization.
Know Your Business Structure
Before choosing your business title, you need to determine your business structure. According to the structure of your business, the business owner titles will vary. For example, the business title for a sole proprietorship business and a partnership business will not be the same.
Also, if the owner has limited liabilities company (LLC), the job title of a business owner will be “Founder” or “Principal”. So, you need to have a clear concept about your business structure before choosing your business title.
Determine Your Expertise
Your business title will depend on your expertise. When you are planning to hire people who can help you to run your business, you need to fix your title according to the area of expertise. Moreover, the business title examples are CEO, COO, and CFO. However, the purposes of each title are different, and you need to choose any of them as per your expertise.
For example, if you fix the vision and create several long-term strategies for any organization, then you deserve the title of “CEO”. On the other hand, when you are an expert in managing financial activities and other business operations, it will be perfect for you to act as a “CFO” and “COO”.
Build Company’s Hierarchy
The company’s hierarchy is one of the essential factors to observe the sequential flow of power, status, and job function. It is mainly an organizational structure that can represent every entity in an organization, and they are subordinate in a single entity. Therefore, it will be very effective to create your company’s hierarchy before choosing business owner titles.
For example, when you perform the role of senior executives such as chief financial official or chief operating officer, then the title of “CEO” may be fit for you. However, when you are responsible for managing the overall activities and do not directly handle any specific duty, the job title of “Managing Director” may be perfect for you.
Consider Future Needs
The head of any business organization can be responsible for managing all these things of an organization. If you create any business organization, you may be called an owner or founder. However, when you are an expert in executive operations, such as financial executive or operating executive, the “CEO” title will be suitable for you.
In this circumstance, you can hire a manager who can manage the entire activities of your company. As a company owner, you can make any decision and hire anyone for any high-ranking roles. So, the business owner titles should be assigned considering the future needs and expertise.
Think Carefully Before Using a Business Title
Your business title should be kept simple that can help to easily represent your roles and responsibilities to others. Also, it should be easy to understand and appropriately descriptive. Moreover, you need to think about the first impression as well as have to consider the culture and employee titles of your organization.
So, you have to be careful before choosing creative business owner titles because it can assist you in communicating not only with your customers but also your competitors and partners.
Now, I would like to start the most crucial segment in this article. Here, you will get a comprehensive list of 20 professional job titles for self-employed business owners. Sometimes it will be difficult to choose the right titles for small business owners.
In this regard, this article can help you to identify the perfect titles of business owners according to their roles and responsibilities. Now, let’s deep dive into the 20 business titles for small business owners.
It is one of the simplest and straightforward titles for business owners. If you make an organization just for your efforts and you are only responsible for contributing all financial cooperation, you can make your business title as an “Owner”.
Also, some small business owners who have not recognized a partnership or corporation business structure can only be interested to deal with a sole proprietorship business, and then the business title “Owner” will be the perfect fit for them.
In common sense, founder means the owner and creator of an organization. When you have actually formed an organization, and there is no intervention of partnership, then you can go for the business title of “Founder”.
But you should always remember that the founder would be a person who originated or started a business. If you purchased any established company or bought shares of an organization, you will not be considered as a founder in that organization. Also, when you jointly formed any business, then you will be called as “Co-founder”. So, the business owner title fully depends on some scenarios and your roles in your organization.
Chief executive officer (CEO) is the most common title in the business world. But sometimes, it seems confusing. In that case, the most usual question is, when can you apply for the CEO title? Will it be appropriate for you? If you are excited to look for such kinds of solutions, then you can continue to read this section.
When you act as an in charge of an organization and you can monitor all activities of your organization, then the business title of CEO will be appropriate for you. Also, the main role and responsibility of a CEO are to build a well-established organization as well as to construct a strong and large team. Is it similar to your passion? If so, then you can set your title as “CEO”.
COO or chief operating officer is another C-level business title for the executive categories. It is considered as the second in command to the CEO. If you play the role of monitoring all operations and ensure to achieve the maximum goal, the business title of COO will be exact for you. Also, the COO is responsible to make the report and submit it to the CEO.
Depending on the business size and structure, you need to assign the title “COO”. Most small business organizations might not have any COO; rather, the CEO can take all the responsibilities of managing such kinds of activities.
5. Managing Director
The managing director is the most well-known title in the business market. But you need to know the proper definition of managing a director to use this title. It is one of the most descriptive business titles in the business world. If you conduct the overall strategy and are responsible for the performance of the organization, then you can play the role of managing director.
Moreover, as a managing director, you can control the overall operations of the organization and provide some necessary strategic plans and guidance. Also, you can give the proper direction to attain the company’s objective and mission. So, when you play such kinds of roles and responsibilities, you can use the most desired business title “Managing Director”.
Know the proper definition of a president? Do you claim to be president of your company? If you are the leader of your company’s executive group, then you can use the business title “President”. In this business world, you may also use the title “COO” as a president because the president is often the chief operating officer (COO).
In most small businesses, the president might be the owner, and they can perform their roles and responsibilities. Moreover, the main function of a president is to build the vision and strategic plan of an organization, as well as to check day-to-day operations. Also, the president can handle the financial management of an organization. So, if you play these kinds of roles, you can use this business owner title “President”.
The job title of principal is similar to the owner of a company. In some corporations, the principal plays the role of the founder or business owner. Most significantly, the roles and responsibilities will vary depending on the companies. Thus, it will not be the same for all organizations.
However, the major roles and responsibilities of a president are to manage clients and business relationships as well as to create the company’s vision and develop a mission. Also, the main goal of any company’s principal is to implement every vision successfully, and the ultimate target is to complete the mission properly. So, you can use this business title “Principal” if these roles and responsibilities tone with your duties.
8. Managing Member
In the limited liability company ( LLC ), the business owner is called managing members. The managing members of an LLC business can perform the daily managerial activities. They are also responsible to manage the direct operation, make any effective decision for their business, and build contracts and agreements.
Thus, the members of a limited liability company who acts as a manager are called managing members. When you can perform these roles and responsibilities, you can set your business title as a “Managing Member”.
9. Managing Partner
When you start a partnership business, as a business partner or co-founder, you will be called a managing partner. As a managing partner of an organization, you can make an effective decision and have a full right to manage the business. Also, you can create strategic planning and policies as well as be responsible for communicating with the employees.
The managing partner of an organization can be able to conduct financial and tax management, employee management, the relationship between partners, and other official management. Similarly, if you perform such kinds of activities, you can undoubtedly set your business title as “Managing Partner”.
When you are the single owner of your company, you can set your business title as “Proprietor”. Many small business organization’s owners are called sole proprietors. The major roles and responsibilities of a sole proprietor are to manage all the business activities as well as to make an effective decision for your organization.
Also, the sole proprietor can be able to recruit and hire employees, maintain inventories, provide customer support, conduct financial activities, and so on. So, if you play such kinds of roles, you can use this business owner title.
The administrator is another business owner title that can represent some significant roles and responsibilities. But the roles and responsibilities will differ from organization to organization. Moreover, the major role of an administrator is to manage all business operations. Also, you have to require marvelous communication skills and team management capabilities.
As an administrator, you have to make a plan of long-term objectives that will ensure to achieve the goal of an organization. To execute these plans, you need to organize all attempts that will assist in executing the plans successfully. An administrator can provide the direction and acts as a liaison between employees and management. So, if you play such kinds of roles, you can use your business title “Administrator”.
A chairperson is a person who is elected by the company’s board of directors. Moreover, the chairperson is responsible for leading the board and focusing on several strategic matters. Also, the major role of a chairperson is to ensure communication with association members. The chairperson of an organization can handle risk management, capital management, governance, financial management, M&A activities, and more.
Therefore the chairperson can help to promote and oversee corporate governance within the board and group. Can you reconcile yourself with these activities? If so, then you can use this business title “Chairperson” and play all roles and responsibilities sincerely.
13. General Manager
General Manager (GM) plays a pivotal role in any organization. A general manager is a person who can help to enhance the efficiency and profit of any company. Moreover, the major role and responsibility of a general manager are to manage the overall operation of an organization.
Also, the general manager can oversee the budget, manage the staff, create a marketing strategy, develop business functions, organize training programs, and so on. A general manager is responsible for making a complete report overseeing the progress of the company. So, you can use this business title “General Manager”, if you can perform such kinds of activities.
14. Chief Accountant
Those persons who are in charge of all accounting activities like financial or management accounting are known as chief accountants. They can handle the financial system of an organization, such as preparing financial reports, performance evaluation, tax administration, maintaining an annual budget, protecting the company’s assets, and so on.
Moreover, the chief can conduct the cost analysis and create a report of predicted future cost and revenue. They are also responsible for preparing a report for the government. Thus, they play a visible role in an organization. When you perform these activities, you can use the business title “Chief Accountant”.
15. Chief Executive Philosopher
When your activities do not exactly match with the CEO’s responsibilities, but you want to make your status of a business owner with a C-level title, you can use any creative business owner title, and Chief Executive Philosopher is one of them.
The major role and responsibilities of a chief philosophy officer (CPO) are to assist the CEO, and they mainly act as a business consultant. Also, they can motivate the executives to become a good leader and specify the purposes of the business. So, if you play such kinds of roles and responsibilities, you can use this creative business owner title “Chief Executive Philosopher”.
16. Chief Disruptor
There are various C-level creative business owner titles, and Chief Disruptor is another one. The major roles and responsibilities are to change the process and strategy of the business as well as analyze the gap and opportunities that will help to grow the business. Moreover, they are always trying to innovate new ways of improving several aspects of the business.
Also, the chief disruptor can try to inspire other employees to take challenges and produce the best outcome from them. So, you can make your business status as “Chief Disruptor”, if you play such kinds of roles and responsibilities.
This one is another valuable business owner title that holds various significant roles and responsibilities. The major roles and responsibilities of a director are to determine the business strategies, objectives, and policies. As a director of your business, you are responsible for monitoring your business progress, and you can appoint senior management who will handle the overall managerial activities in your organization.
Moreover, the director can promote the success of the organization that will enhance reliability and connectivity. When any conflict situation arises, the director can be able to solve any kind of conflict and ensure reasonable care, skilled manpower, and an efficient workforce. So, if you perform these duties, you can use your business title as “Director”.
18. Technical Director
In any organization, there are mainly two bodies of people such as the board of directors and the shareholders. The technical director is responsible for handling all technical issues and provides the report to the board of directors. Also, they can oversee various technical aspects and perform day-to-day monitoring.
Moreover, the technical director can develop and implement in-house standards such as purchase, sell, and maintenance of all technology. Also, they can ensure data security and technological advancement and developments. The technical director can also be responsible to perform the market research for adopting new technology in your organization. So, you can use this business title “Technical Director”, if you are responsible for these activities.
19. Creative Director
A creative director is responsible for various creative activities such as advertising, production, and marketing. The major roles and responsibilities of a creative director are to perform proper branding and create a vision for completing the branding process.
Also, the creative director can manage the creative team for presenting the work to the customer and provide direction to the graphics designer and web designer teams. They are also responsible for hiring, managing, motivating, and developing all designer teams. So, if you play these kinds of roles and responsibilities, you can make your business status as “Creative Director”.
20. Director of Operation
This one is another pivotal status for any business organization. The major roles and responsibilities of the director of an operation are to ensure success and develop long-term operational strategies. Moreover, the director of an operation can perform several business operations that will ensure the business smoothly.
Also, they provide strong support for managing several activities and work with senior management to gain the company’s success. The director of an operation can be able to hire new departmental managers and train them to build skilled manpower. Thus, you can perform such kinds of activities, and you can use your business title as “Director of Operation”.
You have already understood the 20 most occupational business owner titles. Your business title can reflect your status and responsibilities in your organization.
If you consider some well-known Tech Companies such as Google, Microsoft, and Apple, you can observe how successful entrepreneurs use their business titles. Larry Page and Sergey Brin act as “Founder” of Google, and they hold the business title as “Co-founder”. Also, Bill Gates and Paul Allen use their business status as “Co-founder” of Microsoft. Similarly, Steve Jobs acts as a “Co-founder”, “Chairman,” and “CEO” of Apple.
You can look into some Real Estate Organizations such as RE/MAX, Elite Realty, and more. For example, Dave and Gail Liniger use their business title as “Chairman of the Board” and “Co-Founder” of the RE/MAX real estate organization.
I think you have already realized why an appropriate startup founder title is important, and it is time for you to analyze which title will go with your position.
Every successful entrepreneur uses an appropriate business title that can represent their roles and responsibilities in their business. If you analyze some established companies, then you can realize the importance of founder's titles on business cards.
Jeff Bezos is the head of Amazon, and he plays the role of “Founder”, “CEO”, “President”, and “Chairman”.
When you want to start an eCommerce business, you must need an eCommerce shopping cart software, and for this purpose, you can use Isshue and make your business title as a “CEO” or “Founder” or anything that will match with your activities.
If you have any small or large or medium-size business organization, you definitely need ERP Software that will help to manage your business activities smoothly. In this regard, you can try Sales ERP software.
Also, when you decide to start a restaurant business, you need a restaurant management system to perform all the activities automatically. In this circumstance, you can go for Bhojon that will be the best restaurant POS software for your restaurant business.
Are you thinking about your business title? Don’t worry! You can make your business title as “Owner”, or “Founder”, or “CEO”, or “Managing Director,” or anything from the previous list that will meet with qualifications.
Business success mainly depends on some factors, and a perfect business owner title is one of them. When the business owner can reflect their duties and responsibilities with their title, then the business can represent the motive worldwide and branding the activities successfully.
This article makes your task easier to provide the 20 professional titles for business owners. So, you can easily choose any business title according to your roles and qualifications.
Now, I want to wrap up this article and appreciate you to read this with your patience and wish you for your business success!!!