Roles and missions of the founder
The roles and missions of a founder are varied, and can be crucial to a company's success. Here is a non-exhaustive list:
Raising funds for project development. A founder must be prepared to accept investors and discuss investment terms and conditions.
Recruit and manage a team. A founder needs to assemble a dynamic, motivated team, who will share the same values and objectives when it comes to setting up a business.
Develop the product/service. A founder must take the initiative in planning, designing and implementing new products or services.
Develop the company's strategy and vision. A founder must clearly define the company's mission and vision to guide employees and investors.
Develop business relationships. A founder needs to find business and partnership opportunities inside and outside the company.
Empower and organize the team. A founder must ensure good communication and organization of the team in order to achieve set goals.
React to new challenges and opportunities. A founder must be able to react to market developments and implement new strategies to adapt to change.
Finding solutions to potential problems. A founder needs to listen to customers.
Founder's salary and career development
A founder's salary is a combination of rewards and financial compensation, depending on the company's structure and the entrepreneur's performance. In France, the average gross annual salary of a company founder varies according to experience:
0 to 2 years: around €35,000 gross per year.
2 to 5 years: around €45,000 gross per year.
5 to 10 years: approx. €55,000 gross annually.
10 to 15 years: approx. €70,000 gross per annum.
Over 15 years: approx. €75,000 gross per annum.
Founders can move on to different professions such as :
Venture capitalist.
Operations and strategy manager.
Business development manager.
Managing director or CEO.
Consultant or serial entrepreneur.
