http://www.KenReiss.com/blog/index.cfm The Blog of Ken Reiss en-us Sat, 18 May 2013 12:46:20 -0400 Thu, 05 Jul 2007 13:00:00 -0400 BlogCFC http://blogs.law.harvard.edu/tech/rss kenreiss@portone.com kenreiss@portone.com http://www.KenReiss.com/blog/index.cfm/2007/7/5/The-owner-role-of-an-entrepreneur There is often much confusion regarding the three roles an entrepreneur plays in his business. Nearly all of his is spent as president, executing the plans of the company and making decisions in the company's best interest. This is a very hands-on role. Sometimes he is in the CEO role where he works to create strategy and systems for the company's growth and future benefit. This role is much less hands-on, but critically necessary for the long-term success of any organization. <b>The Owner Role</b> However, the role of owner is often most confusing to everyone, including the entrepreneur himself. Unlike President and CEO, the owner of a business is not an employee and therefore has a different role. The owner must make a financial investment in the company, which is often used to fund its startup and growth initiatives. In return for this investment, the owner receives shares of the company. Since owners are not employees, they are not paid a salary, but instead receive dividends. In addition to their investments in the business, owners are usually required to personally guarantee the responsibilities of the business. This puts owners at significant financial risk and exposure. As such, successful owners will ensure that their businesses are properly cared for to ensure healthy growth. This oversight includes ensuring successful strategies/systems, proper financial management, effective leadership, strong teams, and valuable products/services. In small businesses, most owners are also employees when they serve other roles in the company. By defining and providing clarity to these roles, both the entrepreneur and all those around him will benefit. Many times in business, the roles get blurred. This can cause enormous confusion in a business. Once these roles are defined, it is best to state which role the entrepreneur is playing, when communicating with others. Business Ownership Business Leadership Professional Development Capitalism for Kids Thu, 05 Jul 2007 13:00:00 -0400 http://www.KenReiss.com/blog/index.cfm/2007/7/5/The-owner-role-of-an-entrepreneur http://www.KenReiss.com/blog/index.cfm/2006/7/23/Introduction-to-Capitalism-for-Kids To launch the CT Young Entrepreneur's Assocation, I beleive I will need at least 50 business owners willing to commit in one way or another. At this point, I only have a handful. While I very much apprecaite those of you who have committeed to helping, I'm going to put the project on hold for now. Instead, I've decided to put together some writings which are equally dear to my heart. They are the basis for my interest in helping kids own their own businesses. In fact, they are the teachings I planned to start with for the group. I'm planning on calling them <b>Capitalism for Kids</b>. Hopefully they can be of use to you or your kids or a kid you know. I intend on compiling them into a book eventually and your feedback is very much apprecaited. I actually think now that it's possible that this compilation might actually be more beneficial for young entrepreneurs than the group. Look for my blog entries in a new category with the same name. I'm planning to get them up once a week, but may be a bit less frequent depending on my schedule. Ken. Young Entrepreneurs Capitalism for Kids Sun, 23 Jul 2006 23:20:00 -0400 http://www.KenReiss.com/blog/index.cfm/2006/7/23/Introduction-to-Capitalism-for-Kids