Is it time to hire your next executive? | Issue #259
Scaling Your Business: When is the Right Time to Hire Your Next Executive?
You’re a founder of a start-up that’s beginning to scale up. You’ve achieved product market fit and raised significant capital. But it’s becoming clear that your current Executive team might not have the skills or aptitude to scale a business.
This is a hard realisation. I get it. It’s tempting to hope that people will rise to the next level. Sometimes it happens. Take our client Smartsourcing in the Philippines. Their General Manager and Director of Customer Experience started as PAs to the Founder, Mike Selfe. However, this doesn’t happen very often. Often, those first in lack the experience, intellectual curiosity and drive needed for scaling up.
It can be tricky to spot the right time to hire your next executive. So here are some indicators to watch out for that will tell you that leadership hiring is essential.
E265 | Challenging Our Self-Limiting Beliefs To Unlock Our Full Potential with Wouter van den Berg
Combining great leadership with strong relationships can be a game-changer in our professional and personal lives. Did you know that your early years’ experiences can significantly shape your beliefs and behaviours? Uncovering these influences can give us valuable insights into our personal growth and how we manage our relationships. Effective communication and managing expectations are critical in maintaining healthy interactions. Seeking out diverse perspectives can encourage growth and prevent us from falling into the trap of thinking in an echo chamber. Understanding these aspects allows us to propel ourselves towards better leadership and stronger relationships.
This week on The Melting Pot, we learned from Wouter van den Berg, the trailblazing neuroeconomist with a passion for understanding the human brain and its impact on performance. From early dreams of being a professional footballer, Wouter has traversed an unusual path that has led him into the field of neuroscience. His stint at a Dutch football academy gave him invaluable insights into peak performance and the intense focus it demands. Wouter’s educational journey includes a PhD where he researched predicting success and understanding why people make certain decisions. His work has evolved into Brain Compass, a revolutionary platform that brings together multiple fields to aid people in reaching their peak potential.
Download and listen to learn more.
Recommended Podcasts
Talking About Organizations Podcast
A conversational podcast where they talk about one book, journal article or idea per episode and try to understand its purpose and its impact.
Recommended Articles
Are middle managers your next ace in the hole?
On this episode of The McKinsey Podcast, authors Emily Field, Bryan Hancock, and Bill Schaninger talk to global editorial director Lucia Rahilly about the costs of middle management gone awry—and about a new model for getting it right.
Avoid These Pitfalls When Measuring Your Strategy’s Performance
This article explores three common traps that managers fall into when measuring their strategy’s performance and explains how to avoid them.
Brits Lead The Charge—In Deprioritising Work
“A new UK in the World Values Survey from the Policy Institute at King’s College London shows only 73% of Britons claiming that work is “very or rather important in their life”—the lowest figure among 24 nations.”
In a world where wages are virtually stagnant, creative disruption is rocking every industry, global competition for jobs is fierce, and job security is a thing of the past, we’re all on our own when it comes to our careers. In the face of such uncertainty, the key to success is to think and act like an entrepreneur: to be nimble and self-reliant, to be innovative, and to know how to network and stand out from the crowd. And this is precisely what Hoffman and Casnocha show you how to do in a book that is both inspirational and supremely practical. Just as LinkedIn is the one online community that no professional can afford not to belong to, this is the book that no professional can afford to be without.
Quote of the week
“Strive not to be a success, but rather to be of value”
Albert Einstein
Dominic Monkhouse
Dominic offers business coaching and management development, strategy planning and organisational change, using tried and tested methods to launch your organisation onto an unparalleled growth trajectory. His programme is a function of his broad experience, his deep expertise and a proven process used by over 2,700 firms worldwide.