A Few Tips For Hiring Executives For Your Senior Management Team
If you are a small business owner with a business that is growing, you may find the need to have a senior management team to help run things. While this is a very exciting time, it also brings more stress and perhaps even some confusion as to what to do. Once you admit to yourself you need help you need to decide how you will go about getting it. Here are a few tips to make sure you get the right kind of help in your executive search.
You are going to need to take a good look at yourself and your abilities. Sure, you know your business better than anyone else, but that doesn’t mean you have the skills to do all that is necessary for this new growth. You may be great with the day-to-day operations but weak when it comes to marketing or the new financial responsibilities that go along with a bigger business. You have to be willing to give up some of the decision-making, such as when to invest in new equipment or take out a line of credit. Of course, you want to keep the ability to have the final say. You also need to be honest about your current employees’ skills. Do not promote a friend or relative who is not capable of the new position out of loyalty.
Find a Mentor
Many business organizations, such as the Small Business Association or the Chamber of Commerce have retired business people who offer their services as mentors to small business owners. This person can help you decide what type of executives your business needs and may even help with the hiring process.
Use a Professional Service
If you are not sure how to go about finding the people you need to fill the new executive positions, hire a professional head-hunting company. These people will do the advertising and marketing to attract the right kind of candidates for the jobs. They will go over the resumes, do interviews, and make recommendations to you as to who you should take a second, or even third, look at.
When it comes to choosing executives to work on your team, you want people who understand your vision and will help you achieve it. However, you also need people who are good at their job so you can rely on their judgement and feel comfortable giving them the authority they need to get the job done. Don’t pick the first person who applies for the position, take your time searching, and you will end up with someone who will be an asset to your company for a long time.