Strategic planning is more important than you think Strategic planning not only defines the direction for your company, but it also addresses complex matters like the especially important issue of how to raise capital. Getting your business off the ground is a major achievement, but to go further, a little bit of additional working capital can broaden your horizons. On a previous post on the...
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Independent contractors are increasingly becoming a staple in modern workplaces The Modern Independent Contractor Marketplace Work arrangements in the United States are shifting swiftly away from what we think of as the traditional model of work—a full-time, permanent position with a single employer. An alternative model of independent contracting (IC) is on the rise, driven by economic reasons and lifestyle preferences that demand greater flexibility. In...
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Budgeting is crucial in getting you past the first 5 years. If done well, your odds of surviving in the long-term goes up. Budgets are essential for both startups and mature businesses that have been operating for more than 5 years. But having one in a small business could be the key to success, considering their high failure rate. An alarming 82% of small businesses fail...
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Interim executives don’t just help companies meet their goals. They also help them achieve sustainable growth by creating an environment that breeds and acts upon great ideas. The fastest growing companies in the business world thrive on creativity. A dynamic environment that values and fosters great ideas help them stay one step ahead of the competition. But unlike any other resource, ideas can’t be...
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We recommend 7 basic steps that can help you find your next executive contract. Companies are looking for executives who add value to the organization. Analyze the hiring company’s situation and find ways to achieve their objectives. Be creative with how you can help them during this executive contract. Growing your independent executive business at any level is a complicated and difficult process. It’s not...
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The impact an interim VP of sales made in a semi-conductor manufacturer This article examines the impact an interim executive had on a 10 million dollar semi-conductor manufacturer that brought in as an interim VP of sales 1-2 days a week for 4 months to help address some of their challenges. Company background Prior to the interim executive joining, the company was facing a number...
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The experience of an interim executive solving challenges at an equipment manufacturer This article examines the impact an interim executive had while working in a 25 million dollar heavy duty equipment manufacturer brought in an interim General Manager for 3 months to help address some of their challenges. Company background Prior to the interim executive starting, there had been a 12-month leadership gap and that...
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With the vast marketing experience interim executives have they are natural thought leaders A great way to establish yourself as the expert thought leader and create value for potential prospects is to publish consumable content. You likely won’t be meeting all of your future clients at networking events; they could come from other sources, such as referral partners or your online presence. Information about what...
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Size is not a factor when it comes to strategic planning in small companies Contributed by Thomas Stamatis When you hear the terms, “strategic planning” and “strategic plan” you often think of the chore as developing a lengthy business plan covering an extended period of time, typically five years. The purpose is to map out a long-term business growth plan under some company mission statement and...
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The question of how to charge (and how much to charge) is one of the first questions we hear from executives who are transitioning from being an employee to being an independent executive. The response to this question is, “It depends,” and it does. What is right for each client situation can depend on a number of variables. Hourly versus Daily Hourly. If a company...
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