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Become A President/Owner

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Working As A President/Owner

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Coordinating the Work and Activities of Others
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Make Decisions

  • Stressful

  • $282,000

    Average Salary

What Does A President/Owner Do

Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.

Duties

Top executives typically do the following:

  • Establish and carry out departmental or organizational goals, policies, and procedures
  • Direct and oversee an organization’s financial and budgetary activities
  • Manage general activities related to making products and providing services
  • Consult with other executives, staff, and board members about general operations
  • Negotiate or approve contracts and agreements
  • Appoint department heads and managers
  • Analyze financial statements, sales reports, and other performance indicators
  • Identify places to cut costs and to improve performance, policies, and programs

The responsibilities of top executives largely depend on an organization’s size. For example, an owner or manager of a small organization, such as an independent retail store, often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties. In large organizations, however, top executives typically focus more on formulating policies and strategic planning, while general and operations managers direct day-to-day operations.

The following are examples of types of top executives working in the private sector:

Chief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. CEOs manage company operations, formulate and implement policies, and ensure goals are met. They collaborate with and direct the work of other top executives and typically report to a board of directors.

Chief operating officers (COOs) oversee other executives who direct the activities of various departments, such as human resources and sales. They also carry out the organization’s guidelines on a day-to-day basis.

General and operations managers oversee operations that are too diverse and general to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure that projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.

The following are examples of types of top executives working in the public sector:

Mayors, along with governors, city managers, and county administrators, are chief executive officers of governments. They typically oversee budgets, programs, and the use of resources. Mayors and governors must be elected to office, whereas managers and administrators are typically appointed. 

Most educational systems, regardless of whether they are public or private school systems, also employ executive officers. The following are examples of top executives working in the elementary, secondary, and postsecondary educational school systems:

School superintendents and college or university presidents are chief executive officers of school districts and postsecondary schools. They manage issues such as student achievement, budgets and resources, general operations, and relations with government agencies and other stakeholders.

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How To Become A President/Owner

Although education and training requirements vary widely by position and industry, many top executives have at least a bachelor’s degree and a considerable amount of work experience. 

Education

Many top executives have a bachelor’s or master’s degree in business administration or in an area related to their field of work. Top executives in the public sector often have a degree in business administration, public administration, law, or the liberal arts. Top executives of large corporations often have a master’s degree in business administration (MBA).

College presidents and school superintendents are typically required to have a master’s degree, although a doctorate is often preferred.

Although many mayors, governors, or other public sector executives have at least a bachelor’s degree, these positions typically do not have any specific education requirements.

Work Experience in a Related Occupation

Many top executives advance within their own firm, moving up from lower level managerial or supervisory positions. However, other companies may prefer to hire qualified candidates from outside their organization. Top executives who are promoted from lower level positions may be able to substitute experience for education to move up in the company. For example, in industries such as retail trade or transportation, workers without a college degree may work their way up to higher levels within the company to become executives or general managers.

Chief executives typically need extensive managerial experience. Executives are also expected to have experience in the organization’s area of specialty. Most general and operations managers hired from outside an organization need lower level supervisory or management experience in a related field.

Some general managers advance to higher level managerial or executive positions. Company training programs, executive development programs, and certification can often benefit managers or executives hoping to advance.

Important Qualities

Communication skills. Top executives must be able to communicate clearly and persuasively. They must effectively discuss issues and negotiate with others, direct subordinates, and explain their policies and decisions to those within and outside the organization.

Decisionmaking skills. Top executives need decisionmaking skills when setting policies and managing an organization. They must assess different options and choose the best course of action, often daily.

Leadership skills. Top executives must be able to lead an organization successfully by coordinating policies, people, and resources.

Management skills. Top executives must shape and direct the operations of an organization. For example, they must manage business plans, employees, and budgets.

Problem-solving skills. Top executives need to identify and resolve issues within an organization. They must be able to recognize shortcomings and effectively carry out solutions.

Time-management skills. Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals.

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President/Owner Career Paths

President/Owner
Estimator Project Manager Consultant/Project Manager
Application Manager
9 Yearsyrs
Owner And Chief Executive Officer Outside Sales
Branch Sales Manager
6 Yearsyrs
Consultant Senior Consultant
Business Development Manager
9 Yearsyrs
Real Estate Agent Business Consultant
Business Operations Manager
8 Yearsyrs
Sales Consultant Sales Manager
Business Owner
6 Yearsyrs
President/Chief Executive Officer Realtor
Communications Manager
6 Yearsyrs
Business Development Manager Operations Vice President
Development Vice President
10 Yearsyrs
Senior Project Manager Operations Director
Director Of Human Resources
10 Yearsyrs
President/Chief Executive Officer Business Developer
Director Of Sales & Business Development
12 Yearsyrs
Construction Manager Operations Director
Director Of Service And Operations
11 Yearsyrs
Estimator Project Manager District Sales Manager
Eastern Regional Sales Manager
10 Yearsyrs
Real Estate Agent Business Developer
Enterprise Account Manager
9 Yearsyrs
Business Development Manager Director Of Sales
Executive Vice President Of Sales
13 Yearsyrs
Realtor Appraiser
Franchise Owner
7 Yearsyrs
Senior Project Manager Program Director
Human Resources Manager
7 Yearsyrs
Superintendent Operations Manager
Plant Manager
11 Yearsyrs
Sales Consultant Regional Sales Manager
Regional Sales Director
11 Yearsyrs
Consultant Lead Technician
Service Manager
6 Yearsyrs
Superintendent Project Superintendent
Site Manager
7 Yearsyrs
Construction Manager Operations Manager
Supply Chain Manager
10 Yearsyrs
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Help others decide if this is a good career for them

Average Length of Employment
President/Owner 8.0 years
Owner/Manager 6.7 years
Owner/Operator 6.4 years
Owner 5.9 years
Managing Owner 5.8 years
Business Owner 5.8 years
Co-Owner/Partner 5.7 years
Managing Partner 5.2 years
Franchise Owner 4.7 years
President 3.9 years
Co-Owner/Operator 3.6 years
Top Careers Before President/Owner
President 6.8%
Owner 6.2%
Manager 6.2%
Consultant 4.3%
Director 3.5%
Top Careers After President/Owner
Owner 9.1%
President 7.1%
Consultant 5.8%
Manager 5.3%
Director 3.8%

Do you work as a President/Owner?

President/Owner Demographics

Gender

Male

73.9%

Female

24.2%

Unknown

1.9%
Ethnicity

White

65.3%

Hispanic or Latino

13.4%

Black or African American

11.3%

Asian

6.4%

Unknown

3.7%
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Foreign Languages Spoken

Spanish

49.3%

French

10.8%

Portuguese

6.0%

German

5.5%

Italian

4.4%

Japanese

4.1%

Carrier

3.1%

Chinese

3.0%

Russian

2.7%

Mandarin

1.9%

Arabic

1.9%

Korean

1.4%

Greek

1.1%

Hindi

0.8%

Urdu

0.8%

Cantonese

0.8%

Dakota

0.8%

Thai

0.6%

Polish

0.6%

Vietnamese

0.5%
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President/Owner Education

Schools

University of Phoenix

17.1%

Michigan State University

7.3%

Purdue University

4.8%

Florida State University

4.6%

Syracuse University

4.5%

University of Florida

4.5%

University of Houston

4.4%

New York University

4.4%

University of Miami

4.3%

Auburn University

4.3%

Ohio State University

4.3%

Northeastern University

4.3%

Villanova University

4.2%

Temple University

4.1%

University of Utah

4.1%

Pennsylvania State University

4.0%

Arizona State University

3.9%

Liberty University

3.7%

University of Georgia

3.6%

University of South Florida

3.6%
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Majors

Business

37.8%

Marketing

7.4%

Management

5.9%

Finance

5.8%

Accounting

5.7%

Communication

3.7%

Computer Science

3.5%

Psychology

3.3%

Education

3.2%

Electrical Engineering

3.0%

Law

2.6%

Criminal Justice

2.6%

Political Science

2.5%

Mechanical Engineering

2.2%

Economics

2.0%

Nursing

2.0%

Real Estate

1.8%

Graphic Design

1.8%

General Education, Specific Areas

1.7%

Liberal Arts

1.6%
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Degrees

Bachelors

39.2%

Other

25.7%

Masters

19.2%

Associate

7.3%

Certificate

3.7%

Doctorate

3.4%

License

0.8%

Diploma

0.7%
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Top Skills for A President/Owner

  1. Business Development
  2. Financial Statements
  3. Customer Service
You can check out examples of real life uses of top skills on resumes here:
  • Represented the organization at professional conferences in a peer-to-peer capacity, driving medical device sales and business development opportunities.
  • Analyzed financial statements and pertinent information to determine strategic planning for sales growth.
  • Skilled in handling all facets of operational management including customer service, finance/budgeting, sales/marketing, visual/display & inventory control.
  • Managed all payroll needs and monitored all overtime on a daily basis for maximum profitability.
  • Developed key marketing campaigns and corresponding collateral, including company website, brochures, and industry trade-show materials.

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Top President/Owner Employers

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Jobs From Top President/Owner Employers

President/Owner Videos

President Obama's Typical Day at the White House | The Oprah Winfrey Show | Oprah Winfrey Network

Career Advice on becoming a President of Parlophone and Virgin Labels by Miles L (Full Version)

Mark Miller, '83, president/owner of Miller Environmental Group

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