Do You Need a Chief Operating Officer?

Answer these four questions to determine if your startup really needs a full-time COO.

Do you dream of the day when you can hand over the day-to-day operations of your business to someone else? If the stereotypes are correct, most entrepreneurs love starting companies but hate managing the details of business operations.

For start-ups, homebased business or small businesses with just a handful of employees, the prospect of hiring a full-time COO might seem out of reach-both financially and practically.

In practice, I've found that hiring a COO makes sense for some entrepreneurs but is a waste of money for others. Before you decide to proceed, you should ask yourself a few questions about your business and your personality to determine if hiring a COO makes sense.

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