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Word up Wednesday – The P Words

Have you ever noticed that many higher positions in a company all start with the letter P?

Take a look:

President: Top executive responsible for a firm’s overall operations and performance. He or she is the leader of the firm, serves as the main link between the board of directors (the board) and the firm’s various parts or levels, and is held solely responsible for the firm’s success or failure. One of the major duties of a President is to maintain and implement corporate policy, as established by the board. Also called CEO (Chief Executive Officer) or managing director, he or she may also be the chairman (or chairperson) of the board.

Principal: “One of the primary persons” — either the owner, proprietor, sole shareholder, director, president, managing partner and the like.

 

Partner: Individual who joins with other individuals (partners) in an arrangement (partnership) where gains and losses, risks and rewards, are shared among the partners.

 

Proprietor: Sole owner, or one of the owners.

 

Do you run your own small business?   What is your title?

Have a great Wednesday!

~Amy

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