Depending on the size of the business and the owner's preference, the business owner can be called anything they want; the most common names for business owners are business owner and chief executive officer. Larger companies usually refer to the owner of their company as the CEO, while smaller companies simply refer to their business owner as the owner.Know More
There is no specific name for a business owner, and the name that the owner is called is simply a preference of the business owner and what the employees are comfortable calling him or her. It is important for employees to address the business owner by the name he or she prefers.
There are many small businesses in the United States, and many of the owners of these businesses do not go by CEO, but rather business owner. The CEO title is often reserved for larger companies where there are several owners who have put time and money into the business. The CEO is the go-to person that stands with the rest of the owners, but is the face of the ownership. The CEO handles daily operations that involve the company while the rest of the owners can work behind the scenes.Learn more about Careers
The chief executive officer is the highest-ranking overall position in the entire company, while the chief financial officer is the highest-ranking financial position. While both essential positions in any company, there are major differences in the roles each one plays.Full Answer >
According to the U.S. Bureau of Labor Statistics, the median annual wage for a chief executive officer was $168,140 in 2012. The hourly wage this corresponds to varies because CEOs do not usually adhere to a standard 40-hour work week.Full Answer >
A chief operating officer typically oversees the daily operations of a company and reports on their efficiency to the chief executive officer. A COO monitors the functioning of a company's production systems and discusses his ideas for improvement with the CEO.Full Answer >
A procurement officer is responsible for overseeing purchasing and supply management for an organization. A person in this role may have a wide variety of duties.Full Answer >