How Interim Managers Can Help Startups
Interim managers are a godsend for startups. They use their experience, knowledge and skills to help guide entrepreneurs in the best direction.
Building a startup is an exciting time for founders. Ideas are gaining traction, the business is growing exponentially and the exposure just keeps getting bigger. As exciting as it is for the entrepreneurs that started it all, sometimes it can be overwhelming for them to continue leading. Especially, when navigating uncharted waters. Luckily, interim managers are only a phone call away.
Interim managers provide experience
The prerequisite for becoming an interim manager is a lot of experience. They are individuals that have served executive level roles in more than one company and in some cases across multiple industries. Their large and varied experience teaches them shortcuts and the insight to avoid making colossal mistakes.
Interim managers have contacts
Business networks can be a great asset for startups. The more people you’re connected to, the more opportunities you’re exposed to. Young entrepreneurs can get access to funding, suppliers, customers and more through a large network. But as someone just starting out in the industry, they are limited by how small their network is.
Interim managers on the other hand have many contacts from different professions and industries. To help the business succeed, they introduce the business owner to key people and invite them to private networking events to expand their own.
Interim managers build foundations
Drawing from lessons learned and observed at other companies, interim executives can help build the foundation of a sustainable business. They know what problems can surface later from a rash and patchy setup, so they set it all right from the beginning. They teach inexperienced business leaders how to strategize and implement plans by guiding them through different business challenges.