Startup founders are passionate about developing their businesses into long-term profitable entities and expend significant resources in order to achieve this goal. When forming the startup’s core team, one of the most common questions that arise is: “Who should be CEO of startup?” Taking on the role of CEO may feel natural to many entrepreneurs. However, not all startup...
We’ve all heard of the e-commerce giant Amazon.com. Jeff Bezos, the founder and CEO of Amazon for nearly three decades, recently handed over the CEO reins to Andy Jassy, a former protégé. Bezos highlighted that he intended to focus on the company’s long-term objectives, particularly his rocket business Blue Origin. This is a classic example of how, as the firm progresses and expands...
Many small business owners tend to think of themselves as CEO but sometimes help is needed. As a founder, there comes a time in your company’s growth trajectory when you need to hire someone from the outside to take charge and take the company forward. Knowing when to step away from a company can be an incredibly difficult decision to make but it is better for founders to make this decision on...