Startups are often different from traditional businesses but in all honesty, they are businesses. They may not necessarily share the same nature and values as other businesses and have different levels of innovation, function, and creativity. However, both a traditional business and startup aim to grow and prosper, and this often needs well-defined team roles.
A startup’s structure is actually the real baseline for being successful and maintaining appropriate growth. Defining the roles within a new startup not only helps create an improved sense of cohesion, unity, and harmony but also an initiation that is worth everything.
For which reason do startups need to create clear team roles?
If startups create clear team roles even at the earliest stages, it not only helps understand roles deeply along with the job title but also helps employees become more familiar with daily responsibilities and tasks.
As it is quite common within a startup to do more than just an individual’s needed job, most employees must have numerous skills and must understand many different roles within the startup. Eventually, a lot of time and effort is often invested in the process, but it is instrumental in helping launch the startup off the ground.
Despite the creation of clear roles, why does ambiguity still exist?
But there are a few questions that still need to be answered:
- What if the co-founders of the startup have no specific background or knowledge, to run one?
- What if they only have an idea/concept in their mind but do not know how to make it a reality?
- Often the person coming up with the idea ends up being the startup’s CEO as he brought the vision, but is this necessarily the right choice made?
- Does a clear vision cover up for a lack of management skills and experience in running a business?
- In light of all the above information, why is defining the title and other roles clearly that important?
In a startup (just like any business), defining titles is key to understanding responsibilities and avoiding future conflicts amongst employees. It is an understood fact that no startup can have two CEOs.
Related: Tips for Growing a Small Business on 2022
What is the key to planning for the startup’s future?
Planning for the startup’s future has a lot of steps. There is one important step that must be taken at the process’s starting point. That step involves having a founder agreement for the startup. This not only helps define the job titles but also helps list each founder, their responsibilities along with their abilities and skills.
Moreover, startup makers should also follow the most common startup titles and responsibilities which are listed as under:
Chief Executive Officer (CEO)
The CEO does not control the startup but instead, they manage. This person has the responsibility to give employees their tasks and track their progress. They should be involved through communication with each employee involved while continuing to transfer the startup’s vision to each member of the team.
Chief Technology Officer (CTO)
This role understands the product requirements and helps in finding needed solutions to any technical limitations present. They are not just coders stuck to screens but rather involved in product architecture and also manage its development. They also should make sure that app ideas are first tested for viability before being sent for development.
Chief Operating Officer (COO)
This role is responsible for the recruitment of prospective clientele. They must think of innovative ways for product implementation into new markets and also, amplify its reach.
Chief Financial Officer (CFO)
This role completes all the ambiguities present in the business model whilst managing the business plan and considering all opportunities present for investment.
Chief Product Officer (CPO)
The chief product officer (CPO) is responsible for the product vision, design and also understands what can help convert a product’s attractiveness whilst maintaining the startup’s active clients.
Chief Marketing Officer (CMO)
The CMO is responsible for all marketing activities, formal socializing activities within the startup, and the like. Each startup must control its own media and distribution channels, and this role is also usually responsible for generating leads.
Conclusion
It is necessary for each startup firm to have a strong structure as professionals from a well-known app development company Toronto believe that such can help bring any app or product concept to life.
