As the owner or CEO of a business, you need a quality team of executives who will support you and help your company become a success. It can be difficult to choose whom to hire, however, and even more challenging to develop existing executives to your standards. Doing so is far from impossible—here are some effective ways to do it.
Look for Prior Experience
This step is especially important for new entrepreneurs who will need all the help they can get to ensure their new business venture will be successful. For example, look for a candidate with prior experience handling financials for startups when looking to hire a CFO for your startup. Your executives’ experience should make up for your lack of experience in the areas where you are weakest.
Hire the Right Personalities
You can train hard skills. Personalities, however, are not going to change. While you should pay close attention to the credentials of any executive you think you might hire, also be sure to hire based on personality. Because your executives are going to be among your closest advisors, it is important that you feel you can trust them to do a good job and work well together with you as part of a team.
Lead by Example
Millions of words have been written on the subject of leadership and what being a good leader entails. However, much of it boils down to the concept of leading by example. You cannot expect your executives to live up to your standards if you do a poor job of exemplifying those standards. Be the kind of leader they want to follow by living your organization’s values and not expecting your executives to do things you are unwilling to do yourself.
Invest in Development
A final way you can ensure your executives are up to your standards is to invest in their development. Asking executives to obtain relevant certifications, such as through certification software, can be a wise decision. Providing opportunities for continuing education is also valuable. By investing in their development, you end up with executives who are more knowledgeable, possess additional skillsets and are more loyal to your organization.
Having an executive team that is up to your standards is critically important when trying to run a successful business. Leading by example, looking for prior, and having relevant certifications -verified with certification software– are essential to keeping your executives in tip top shape. This is true whether the company is a new startup or has been around for some time. Choose carefully and invest in them well, and you can bring them up to your standards.