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The Interim ‘Fix’: A Short Term, Sustainable Solution?

Ask any entrepreneur or corporate leader to list what they want to achieve with their business and no doubt somewhere in the mix will be a desire to build a sustainable, profitable and growing business. And just as they often share common goals, many businesses – irrespective of sector or area of expertise – often share the same challenges such as:

  • Finding and retaining talent
  • Maintaining and enhancing their competitive edge
  • The need for innovation
  • Getting the right support, advice and new ideas.

This final point is becoming more of an issue. Business leaders increasingly need help and advice from objective professionals who are prepared to challenge the status quo. Their experience and skills can invigorate a team, spurring on fresh thinking, new ideas, and improved ways of working. As Leadership Teams mature, they can become stronger, yet, as one CEO said recently “we have become so collegiate we’ve forgotten how to challenge one another, even if we think an idea is not right”.

This is where the skilled and smart deployment of a professional Interim Executive can have impact. They are a more refreshing, immediate and cost effective alternative to traditional ‘Big 4’ Consultants. They bring relevant experience and fresh eyes to a situation, are objective, with no hidden agenda and career to protect.

Achieving success doesn’t just mean learning from your own mistakes, but also learning from the mistakes of others. Many professional Interim Executives, having reached the pinnacle of their corporate career, are keen to share their experiences and skills. Besides advising on, for example, operating efficiencies, new market development, marketing and fund raising, professional Interims are increasingly used as ‘Organisational Mentors’. If leveraged correctly, an Interim can help organisations develop business through improved planning, performance and productivity. Added advantages may also include the broadening of business networks to identify new opportunities, ideas and innovative solutions for the business.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.