
Originally Posted by
Fanatik
I think this is an issue every business person needs to address, and it needs to be addressed especially when there are partners involved. Sure, you don't WANT to call yourself a CEO (some people do), but you need to set bounds, titles, and a hierarchy. If you call each other co-workers and there is no level of authority, you'll all run around like 10 Chiefs and no Indians.
Now, I have a business partner, and we both sat down and laid out our strengths and weaknesses. From there, we determined a few different things, and we developed a business formation with me as CEO and him as CSO. It's important to know what each position entails if you're giving yourself that name. You wouldn't call yourself a CFO if you know nothing about finances.
Structure is important, pure and simple. If you don't give yourself a title - what DO you give yourself? "I'm Jay, 'Runner-of-the-business'...?"