When To Hire a Full-Time CEO Or CFO

In the early years of any company, it is like raising an infant. You are 100% hands-on in everything that happens in the world of that business. As it grows into the toddler phase, you begin to need some outside help to meet the growing needs of the fledgling company. At this point, many new businesses are happy to receive the fractional services of a CEO or CFO at a reasonable rate that does not limit their cash flow or restrict growth options.

As the business continues to evolve and take on a life of its own, many owners or management teams find themselves losing sleep at night, wondering when to hire a full-time CEO or CFO. The need to find a key person to serve as CEO or CFO is often indicated by the requirement for more help and expertise in the company’s planning and long-term projections. At that point, a call to Potere Search is the best solution you will find. Our staff has decades of combined experience in working with younger businesses to establish leadership that prepares them for scaling from $25 million to $100 million and beyond.

What You Want in Your First CEO Or CFO

In most cases, the new CEO or CFO for your business will be someone familiar with your industry and the function of a company like yours. But in some cases, the more general skills and experience offered by a seasoned leader can be a good fit for any industry. The traits that must come with your new leader include vision, the ability to see the future, charting the course for the business, and actually making the journey to that destination. Vision is only the beginning, and without the ability to plan and strategize, the vision will never become a reality.

The requirement for your new CEO or CFO is the ability to inspire and motivate the entire team to follow their lead and move towards the common goal of growing the business. The plan to create scalability is merely a map that will need to be used and occasionally adjusted to overcome challenges that may arise on the horizon or even closer in some cases.

Finally, you need to find the person who shares the integrity and desire that have been instrumental in taking the business from its inception to the point of being ready to grow into an industry leader. Even a small company will have a culture and personality that must be workable for the new leader. Finding a person who meets all these criteria can sound like a full-time job in and of itself, which is why the team at Potere Search will be vital in locating the perfect candidates to speak with you and your current team to determine which will be your choice for the first CFO or CEO of your business.

The Potere Search Dual Match System

Our team has worked diligently to create an evaluation system that addresses the needs of the business and the desires of potential candidates for the opening. Our 10-point system awards a point for each category where the company and the candidate are in unison. With years of experience, we know that when we deliver a 10-point match to a client, they find their perfect candidate. This in-depth evaluation works for any company and position that leadership is willing to entrust to our team and our careful, thorough process.

Please reach out to Potere Search today to learn more about employing our process and experts to assist you in locating your new CFO or CEO who can help you scale to the fullest potential of your business.