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When looking to recruit CEOs for his companies, the entrepreneur author argues it's critical to consider in candidates a range of character traits, such as broad experience, objectivity, and respect for others. He shares his experiences in making the right and sometimes wrong hires and reveals key lessons learned.
Last Thursday, I joined 120 problem-solvers from around the Midwest at the iKC event at the H&R Block Headquarters. The event was an un-conference, meaning there were no pre-set rules or even an agenda. We came together to choose and vote on several topics of discussion we found interesting, and we then had four breakout sessions throughout the day to meet and discuss the 28 selected topics.
Something extraordinary happened in Kansas City last Thursday. For the second year in a row, some of Kansas City's largest organizations participated in a reverse pitch. KCNext, the host and organizer, brought in a capacity crowd of over 200 entrepreneurs and other Global Entrepreneurship Week event participants. There were 65 events in Kansas City spread across a week and a half. But this event was different. This one was special.
Entrepreneurs, in particular, are having troubles with today's widespread age-disconnect between managers and employees. The many twentysomethings who are launching companies these days hire workers who are both younger and older than they are, writes the author, a frequent EntreWorld contributor. She maintains that to manage this so-called "generation gap," you'll need to build a common understanding based on your company's values.
Hiring a team for your startup should begin with a core team of three people and build from there. Read more about a strategy for building your team.
After realizing he needed a more rigorous hiring process in his fast-growing company, the entrepreneur author details his step-by-step interview process based on Topgrading hiring principles. This process enabled the author to recruit the best people possible for his company's top positions.
This serial entrepreneur shares the story of how she came to understand the importance of recruiting experienced entrepreneurs to her board of directors. In one instance a new director advised her to hold off accepting an offer for her company, enabling the company to grow and gain value for potential sale later.
While effectual boards of directors can strengthen a growing company, this author asserts ineffectual boards can just as easily cripple a company's growth. Entrepreneurs should follow proven and concrete procedures for developing and operating strong boards of directors.
Unless you have a strong team at the top, you and your company will struggle under the weight of growth. Knowing how to select, manage and lead a Top Team is one of the secrets to growth.
When key leaders are ready to move on to new challenges or even retirement, their legacy can be greatly diminished without good succession planning.
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