How Interim Executives Add More Hours in a Day for a CEO
As humans, we all need breaks. Even more so for those of us who are running businesses. Working with clients, day to day operations, finances, and sales are all tiring tasks that burn out even the top CEO’s. This is where an interim executive can step in and give you as an owner or CEO a break.
CEO’s find bringing in an interim executive often as a huge relief. An interim executive is able to step in, quickly assess the company’s specific situation, and then bring their range of experiences and expertise to remove various hats the CEO has been wearing and weighing him/her down. They take ownership so the CEO can focus on more exciting and fulfilling activities.
Removing one or more hats, allows CEO’s to achieve more. For some, it gives them more time to get closer with family, while for others it allowed them to be more strategic. In fact, one CEO was able to grow his company through new business deals and acquisitions during this break because he finally had more time to create and implement a strategic plan. This was because he had an interim executive in place to take over the day to day operations of the company.
The many hats of a CEO can take many different forms. We had one CEO bring an interim president to help get his company out of a rut. His company was going through a tough time where drastic change was needed, but the CEO had difficulty implementing the changes, since he had employees who were with him since the creation of the company. He even was debating if he should sell the company! Luckily he found an interim president through Cerius, and with this president’s help, they were able to get out of this time of hardship. The interim president stepped in and brought in a new voice and new perspective. He was able to implement the drastic changes needed, mentored employees on how to improve their productivity, and improved the general performance of the company. Essentially the CEO felt like he had a huge weight off of his shoulder. With this interim president, the CEO was able to make strategic moves, which ultimately grew his company even more, and in the end he decided to not sell his company!
The great thing about interim management is the flexibility it offers CEO’s. At any time, the CEO can resume the responsibilities or ownership the interim management have or work with the leadership team on a longer term solution now that the heavy task of someone other than the CEO doing it is completed.
Whether you are wearing too many hats, need more time to address with personal issues, or need some time to get a new perspective on your business, bringing in an interim executive to take some of the load off of you as a CEO is invaluable. Get in touch with us today at Cerius, so you can take make forward progress on doing more of the right things and less of those you shouldn’t or don’t want to be doing.
To learn about how Interim Management can help you and for more information on interim executives, please visit our home page by clicking here.