What business role do you fill in your family? I’m the CEO

23 thoughts on “What business role do you fill in your family? I’m the CEO”

  1. I love the profitability analogy. A business concept we’ve adopted is financial flexibility. Even if we aren’t ready to set an early retirement date, we aim to keep increasing our ability to respond well to new opportunities, risks, or setbacks that come our way. Like traveling or buying a rental property, for example.

    1. Yup, exactly. While money doesn’t always have to be the bottom line in a family, it is always wise to strive for more money IN than money OUT. Makes for a much healthier business, family and, well, just life in general.

  2. I’d say that fits us as well, Mrs. SSC is CFO and Dir. of Ops and I’m more of the CEO – doesn’t contribute much but ideas, lol. The kids are definitely our stressballs, as our 2 dogs are pretty chill. The Greyhound naps 80-90% of the time and otherwise is really calm and relaxed, and our other dog is 15 now, so not a whole lot of bouncing around…

    Great concept and analogy of the household, I like it!

    1. Hehe, “doesn’t contribute much but ideas”. Yeah, funny how that works. Chill does here too, though probably not quite as chill as your Greyhound. They tend to be the chillest dogs EVER. ๐Ÿ™‚

    1. You are the wearer of all hats, Mr. Fervent! But that’s good – it lets you know what positions you might wanna give up later on. ๐Ÿ˜‰

  3. Fun concept. I’d like to think I’m the Chief Innovation Officer, focused on creative lifestyle design and against-the-grain operations. My habitual spreadsheet-making and portfolio-checking, though, might make me more qualified for CFO. The personal finance blogging community is our industry newsletter, full of great ideas and advice we can incorporate into our own strategy and operations.

    1. Ah, I like the twist…Chief Innovation Officer. The spreadsheets help, but my Director of Operations definitely takes the reigns on that one. Thanks for the comment! ๐Ÿ™‚

  4. Love this concept. I think I’m really the CEO and the CFO and the Director of Operations. As with you I’ve got the ideas but I’m not really practical, I can’t change a tyre or read a map or fix a toilet.
    I keep saying to the family ‘everyone is the boss of themselves’ in an attempt to create a self-determined environment so they can take more responsibility for their own actions. Mixed success with this one!

    1. Technically, everyone should be the boss of themselves, but yeah, that is sometimes easier said than done. And being the CEO, CFO and the Director of Operations? Man, can’t beat that! ๐Ÿ™‚

  5. Mrs.FireStation and I have very similar roles to you and your wife. I’m not sure she would be too happy with me calling myself CEO, but I definitely drive most of the family planning & strategies (including our plan to early retire on 4/1). Financially, I do the longer-term planning, but she is the family Controller/Treasurer who gets all of the short-term money issues taken care of. She is probably also the HR Director, especially when it comes to the development of our sole “employee” – our high school son. He will claim to be Director of IT as he keeps all of the gadgets in the house in state of the art synchronicity. Fun analogy!

    1. Hehe, the HR Director! Yeah, there’s a little bit of that going on too in our household for sure. Though we don’t have a son, she definitely exhibits the HR qualities that I definitely lack. ๐Ÿ™‚

  6. I love this analogy! I don’t know that the typical corporate hats quite fit in our situation — we’re probably “co-CEO” and “co-CFO,” which is a pretty lousy way to run an actual company, but works fine for our household. ๐Ÿ™‚

  7. Oh man, brilliant analogy. I think I have too many C-level titles. I should probably step back and become a VC. I’m the big picture idea guy, the spreadsheet jockey, and the maintainer of all things IT. I also report to the director of Operations as a facility maintenance engineer. We have somewhat of a matrix org with some dotted line reporting.

    1. Heh, thanks Chuck! I suppose I am a bit of the IT and outdoor facilities maintenance engineer as well, though my Director of Operations does a lot of the interior maintenance. ๐Ÿ™‚

  8. Hi Steve! For a minute there, I thought you had already read my post called, “I am the CEO!” When we started the Encore Voyage, we fell into some very similar patterns…but in our case, I am the “Chief Everything Officer!” If it isn’t architecture, I do it… And BTW, I love your writing style, and the tone of your blog. I’ll be back a lot! Welcome to the Encore!

  9. Like you, I’m the one with all the big, crazy ideas and would quit working tomorrow if I was allowed to. The wife takes care of the day-to-day finances while I’m more involved with investments. I’m strategic, she’s operational. The balance works out nicely for us.

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