Why and when ๐ฉ๐ซ๐ข๐ฏ๐๐ญ๐ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐จ๐ซ ๐ฏ๐๐ง๐ญ๐ฎ๐ซ๐ ๐๐๐ฉ๐ข๐ญ๐๐ฅ ๐๐ข๐ซ๐ฆ๐ฌ should hire ๐ข๐ง๐ญ๐๐ซ๐ข๐ฆ ๐จ๐ซ ๐๐ซ๐๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐ฆ๐๐ง๐๐ ๐๐ซ๐ฌ? And what are the benefits of this kind of hire? Interim managers can act asย ๐ญ๐๐ฆ๐ฉ๐จ๐ซ๐๐ซ๐ฒ ๐ฅ๐๐๐๐๐ซ๐ฌ for private equity or venture capital firms, providing specific expertise during some of the critical phases of portfolio companiesโ development. What are the ๐ฆ๐๐ข๐ง ๐ซ๐จ๐ฅ๐๐ฌย they are asked to fill? ๐๐๐ง๐๐ ๐ข๐ง๐ ๐๐ข๐ซ๐๐๐ญ๐จ๐ซ/๐๐๐: who has the responsibility to lead the company, defining the strategy for its growth and structuring teams and departments, responding to the investors/stakeholdersโ directions ๐๐ ๐ ๐จ๐ซ ๐ ๐ข๐ง๐๐ง๐๐ ๐๐๐ง๐๐ ๐๐ซ, who will have full control on all economics and financial aspects, supervising and monitoring the feasibility and benefits of operations or investments ๐๐๐, coordinating all operations, from production to supply chain, warehouse and logistics, and customer service, with the aim of executing the company's strategy ๐๐๐ฅ๐๐ฌ ๐๐ข๐ซ๐๐๐ญ๐จ๐ซ, who plays a key role in defining the sales strategy, developing new business channels, building an effective sales team and sometimes managing key customers as well ๐๐๐๐ ๐จ๐ ๐๐, who ensures that people in the company are aligned with the strategy, motivated, trained and enabled to develop their full potential. Here are some ๐ค๐๐ฒ ๐ซ๐๐๐ฌ๐จ๐ง๐ฌ ๐ฐ๐ก๐ฒ ๐๐ ๐จ๐ซ ๐๐ ๐๐ข๐ซ๐ฆ๐ฌ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐๐ข๐ง๐ ๐๐๐ง๐๐๐ข๐๐ข๐๐ฅ ๐ญ๐จ ๐ก๐ข๐ซ๐ ๐ข๐ง๐ญ๐๐ซ๐ข๐ฆ ๐ฆ๐๐ง๐๐ ๐๐ซ๐ฌ: ๐๐ฑ๐ฉ๐๐ซ๐ญ๐ข๐ฌ๐: interim managers are usually senior manager in the industry with a great wealth of knowledge and experience, which is especially valuable for companies undergoing a transition or facing specific challenges. They can quickly assess various kinds of situation and take decisive action very quickly. ๐๐จ๐ฌ๐ญ-๐๐๐๐๐๐ญ๐ข๐ฏ๐:ย even if their expertise requires an adequate retribution, hiring an interim manager can be more economical than bringing on a full-time employee, particularly for short-term projects. ๐๐๐ฃ๐๐๐ญ๐ข๐ฏ๐: interim managers provide an objective perspective on the company's challenges and opportunities, as they are not beholden to internal politics, generational conflicts or other biases due to a long stay in the company. Last but not least, ๐ฌ๐ฐ๐ข๐๐ญ๐ง๐๐ฌ๐ฌ: an interim manager usually is available in a short time and is effective from day one. In need of a strategic or operative consultation about how to support the companies in your portfolio to grow and thrive? Contact us here: https://lnkd.in/d6hRgV_4 to have a clear overview of the interim managers market and get in touch with the most fitting for your project in complete confidentiality. #privateequity #venturecapital #SGR #fondi #csuite
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Do you want to create your business future instead of waiting for it? Investing in an interim manager can take you one step closer to that business goal... Instead of passively adapting to the future, an interim manager takes charge, implementing strategies and driving the change that the organisation needs to go into to be a success.ย Their decisive actions empower businesses to shape their businesses ideal futures, making the most of present opportunities and positioning themselves for a thriving future. Interim managers are 4 steps ahead when you are 2 steps behind, the only thing you need to keep up, is to invest in your future by hiring an interim manager.
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Building WiseBull | Managing Wealth for HNIs | Simplifying Finance for Millennials & Gen Z | Content Creator | SEBI Regn INH100009992
Now, you can be a CFO or CMO of a company too. How? The answer is โFractional CXOโ. This innovative approach involves seasoned professionals, proficient in areas like finance, marketing, and strategy, dedicating part-time commitments to multiple firms simultaneously. This trend has gained traction over the past few years, driven by the flexibility it offers to senior talent. By engaging in fractional roles, these CXOs benefit from continuous learning and diverse specialization, while companies gain access to high-quality expertise at reasonable cost. The hiring of fractional CXOs has seen a significant increase of 10-12% among Indian startups, particularly in sectors such as legal, finance, e-commerce, and technology, with momentum building over the past two years. In a fast-paced world where attention spans are short and groceries are delivered within minutes, concepts like fractional CXOs seamlessly integrate into the cultural landscape. Now, I eagerly await the opportunity to become a CXO of a Fortune 500 company. (pun intended).
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In the fast-paced world of business, high turnover can feel like an insurmountable challenge. However, what if we told you that within the turnover lies an untapped reservoir of potential waiting to be discovered? #turnover, #staffing #outsourcing
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Providing Cross-cultural Executive Interim Managers for Crisis, Turnaround, Performance Improvement, and Growth Transformation projects to help you succeed in your company goals worldwide. #CEE #Balkan #Dubai
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Do you know about T-Shaped & V-Shaped Employees? Super interesting when you dig into the detail!!๐ As a business we spend an incredible amount of time reviewing & assessing "T-Shaped Skills" but I have never come across "V-Shaped Skills" T-Shaped Profile ๐ ๐ Vertical bar of the 'T' symbolizes deep expertise in a specific domain. (Finance, Marketing, Sales, Ops, Product etc) ๐ Horizontal bar denotes a broad understanding across various disciplines. Meaning T-shaped individuals excel in their core area while also possessing versatile knowledge across different functions, enabling them to collaborate effectively and drive innovation in diverse teams. V-Shaped Profile ๐ ๐ V-shaped skills emphasize deep specialization without necessarily requiring a broad understanding of other domains. V-shaped individuals are highly skilled within their niche but may not possess the same level of adaptability or cross-functional collaboration as T-shaped professionals. Therefore, CFOs within dynamic, fast paced businesses will typically benefit more from T-shaped skills due to the multifaceted nature of CFO responsibilities!!๐คนโ๏ธ Startup CFOs require deep expertise (Vertical) in all areas of financial management but also need a broad understanding (Horizontal) of various functions such as operations, strategy, legal, marketing and sales. This breadth enables great CFOs to collaborate effectively with other executives and provide strategic financial guidance that aligns with the overall goals of the startup. Which is why securing the right CFO at the Series B + stage is so important!!๐ *** ๐ If you enjoy my content,ย follow meย Andrew Watersย for more in the future โป๏ธ Repost to share with your network #startups #founders #cfos #entrepreneurship #hiring
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