Now once you grow your business big enough, that CEO title stands for Chief Executive Officer.
That is the goal for anyone looking to climb the ladder in corporate America at least.
In the early days though, especially before you have 10 or 20 employees, that CEO usually stands for Chief Everything Officer doesn’t it.
Chief Everything Officer
Now that’s not to say that you don’t have any employees, contractors or outsource resources and you are literally doing everything in your business all by yourself, although too many solopreneurs are doing exactly that.
If you are feeling overwhelmed and wearing too many hats in your business, then likely you are the Chief Everything Officer instead of a true CEO in your business.
Like I said earlier you could have a dozen or more employees performing a variety of tasks and doing various activities throughout your business.
The distinction comes in what their responsibilities are and at what level they are performing.
They may be a supervisor or even a manager and have a fairly significant amount of responsibility, but are they truly a C-Level employee?
Are they making the tough decisions, or contributing to you making them?
Wearing Too Many Hats
For most businesses with under 20 employees, and especially under 10 employees, there isn’t anyone inside your company to really lean on for support. You have to make all the decisions and figure everything out all by yourself. You are the Chief Everything Officer.
It is your fault, because like I said earlier, you are the owner and Chief Everything Officer, and all the responsibilities are on your shoulders, but you didn’t know any better.
You haven’t put in place good systems and processes for others to step up and take on some of that responsibility.
Owners frequently started their business because they have good technical skills and thought they could do a better job than their old company where they were the employee.
Because of that, they have the mentality that if they aren’t doing things themselves they won’t get done properly, or even worse, they think they can’t afford to have someone else doing those kinds of activities.
The reality is that you are most likely doing activities in your business that aren’t the best use of your time and you could hire or outsource them for much less than what your time is worth.