Here’s the result of the honor of writing another guest blog for Brenda Violette, Founder of Violette Business Services:
If it takes a village to raise a child, then couldn’t the same be said for running a business?
Absolutely!
Just like raising a child, each person in a company’s development, growth, and expansion has a specific role and function.
If one person tries to do everything, she not only gets BURNED OUT…
…she also becomes less effective in doing what she does best.
And when that happens…
… the door to EXHAUSTION, DISTRACTION, DYSFUNCTION, and POTENTIAL COLLAPSE is wide open.
The flip side…
…is that when everyone in the “village” is doing what they love and are uniquely equipped, success is all but guaranteed.
Two main villagers in any company or organization are the Chief Operating Officer(COO) and the Chief Financial Officer (CFO).
To get a better grasp of why it’s important to have these positions held by two different people, let’s look at what each one of them does individually.
Chief Operations Officer
The Chief Operations Officer role is responsible for managing and overseeing the daily operations and administrative functions of the business.
Your team, projects, metrics, and marketing management are also responsibilities of the COO.
Your Virtual COO has her finger on the pulse of just about every growth activity and decision the company makes.
Chief Financial Officer
The Chief Financial Officer role, on the other hand, is responsible for all things numbers: cash flow, taxes, financial planning, analyzing, and correcting financial strengths and weaknesses, and reporting.
While this is just a general overview, it’s easy to see how overwhelming and distracting it could be for the COO to be the CFO as well.
Your business is your child…
…and you certainly wouldn’t want to wear yourself out trying to be all things to your child, the same way you wouldn’t want to be all things to your company.
Your company needs qualified, specialized support – a village – to help your business grow to higher levels of profit and reach.
It’s always a savvy business decision to hire people who are uniquely skilled and passionate about what they do and use that passion to help catapult you to the next level…
…and free up some time for you to be able to enjoy greater business growth and life in the process!
(This article was originally published on Violette Business Services‘ blog page.)
Reach out to us here if you have any questions about your business’s numbers or financial growth.