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5 Must-Have Professionals You Need On Your Team For Business Success

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Sept. 3 2024, Published 8:00 a.m. ET

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Building a team is like gathering the best players to send onto the court to win first place — you have to make sure these individuals have the skills, talent and determination to drive your business forward. Discover five must-have key roles that can help your company score big.

1. Chief Financial Officer (CFO)

A CFO is the point person for all things money-related. They spearhead budgeting plans, payroll activity, business transactions and other financial matters. This person usually leads the accounting and finance team, including tax specialists. A skilled CFO should also know how to innovate and adapt to changes to help bolster your business to greater heights.

Colette Kress, Nvidia’s CFO, has embodied these characteristics throughout her career. Her expertise and leadership were instrumental in driving the company’s sustained revenue growth, propelling Nvidia as one of the leaders of the AI industry.

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2. Human Resources Manager

Also known as a talent acquisition manager, this power player is key to finding capable employees to keep your business running. A human resources manager leads the hiring and onboarding processes, checks in with talents and addresses workplace concerns. Without them, recruitment can lead to hiring mismatches and financial risks.

3. Chief Technology Officer (CTO)

In today’s fast-paced, tech-driven world, CTOs are nonnegotiable. Many businesses struggle to digitalize their operations, with around 42% of companies saying their digital transformation efforts are behind schedule. An experienced CTO should leverage modern technologies like artificial intelligence (AI), and machine learning to make your business more agile and resilient amidst market disruptions.

Werner Vogels, Amazon’s CTO, is responsible for transforming the company into one of the leading e-commerce companies. In an interview with Euronews Next, he discusses how Amazon uses AI for continued business success.

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4. Executive Assistant 

Another key player in the office is your right hand. As the company leader, you should have someone to do administrative tasks for you, allowing you to work on higher-impact projects. An executive assistant can help you control your calendar, remind you of small yet impactful work and cultivate your client relationships. 

This role is especially important if you’re a small team. Outsourcing projects is essential, as you have a trusted person to support you while you focus on bigger tasks so you can focus on growing your business from a strategic level. Regardless of whether you operate in an office or remotely, an executive assistant helps create an organized work environment for you.

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5. Legal Counsel

In-house legal counsel can help you manage legal matters and protect your business against lawsuits, reducing liabilities. It’s like having a trusted friend who understands your company’s ins and outs, aiding strategic business development decisions and ensuring they’re free of liability issues. 

For instance, Apple Inc. is dealing with various legal challenges globally — one of which was the lawsuit filed by the Department of Justice. Despite these cases, the company has benefited from strong legal guidance. Their legal team provides invaluable support beyond mere litigation, contributing significantly to Apple’s reputation as an industry leader.

The Secret Ingredient To Business Success

A team without a goal is merely a group of individuals. You have to have a clear destination to lead your team to success. Pamela Cholankeril, President at Proudly, ensured to secure this when building her business. For her, the goal is to create a brand to support the needs of children of color.

She says, “We’re creating a brand centered around the needs of kids of color. I think we are doing that now, but as it grows, I think the goal that I have in mind is to be able to sit back and watch that cultural movement happen.” Your team is your secret weapon to business success. With these tips, you can assemble a crew to help you achieve your goals.

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By: Mia Barnes

Mia Barnes is a health journalist with over 3+ years of experience specializing in workplace wellness. Mia believes knowledge is power. As the Editor-in-Chief of Body+Mind Magazine, Mia's goal is to cover relevant topics to empower women through information.

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