When it comes to running a business, you cannot succeed if you do not have effective executive leadership. What do you do if the person you rely on for leadership is suddenly not there anymore? Many business owners (private equity firms and family offices) find themselves in this situation when a CEO resign without warning. If this happens to you, what do you do to make sure that your business continues to grow and make you money while you find a replacement?
One way to make sure that your business continues to prosper is to find someone who can offer you interim executive leadership while you search for a replacement. There are people who specialize in offering their services to businesses that are in need of interim executive leadership. These people have a lot of experience and transition leadership knowledge that they can use to help you and your business during the transtion period.
If you don’t find someone to provide effective interim executive leadership, your business will not maintain momentum through the transition to hire the new executive leadership. There has to be someone in charge of the company that can handle the day to day tasks that need to be done and that can lead the people at the company. Someone needs to be hired to provide this interim executive leadership while you search for a replacement for the CEO who left.
This will allow you to focus on finding the best replacement possible for the job while not worrying so much about who is leading the company and making sure your business stays strong. I have worked with people who provide interim executive leadership in my business and it has been very good for me and the business. The interim CEOs who provided me interim executive leadership were able to keep my business focused and also provide new ideas and help me see new ways of doing things. If your business has lost it leader or CEO, I highly recommend you find someone who is a professional at providing interim executive leadership.