Starting a new venture.
First of all, have a plan to look forward to. Have an idea to execute.
Make a feasible report.
Look out for an angel investor in order to get the VC ( Venture Capital ).
A feasible report is written to give the complete information about your plan, describe each and every detail necessary. Your report should have enough substance to lure the angel investor, he should be able to look through the future of the company.The report should explore all the possibilities & chances of the new plans being effective.
If you don't have something different to show up, forget about the VC .
Next question one has in his/her mind is the position he wants to hold in a company.
When you're opening a joint venture, you'll surely be in dilemma.
So, sorting out the hierarchy, we have the following positions which are considered to be the most exclusive :)
1. Chairman
2.CEO(Chief Executive Officer)
3.CFO(Chief Financial Officer)
4.COO(Chief Operating Officer) or President
>Chairman is the majority shareholder of the company, no one can fire him. The person who holds the majority share is the owner.
Chairman
>The CEO is the highest executive post in a firm. He see's day-to-day operation of the company.He takes the risk taking decision of the company, his decision is suppose to be paramount. He is incharge of the total management of the company.He is senior to the President, CFO of a company. A CEO is accountable to the board of directors. If the board is not satisfied with his/her work, they may fire him. The board is responsible for electing a CEO for the company.
The board consists of all the personnel's who hold a good share in the company & is headed by the Chairman of the company.
CEO
>The CFO is the corporate officer primarily responsible for financial risks, he is responsible for the financial reporting to the higher officials in the firm. He can also be called as the Financial director of the company.
CFO
>The COO or President is one of the highest executive post of a company.He is accountable to the CEO for submitting the day-to-day reports of the company.
COO
