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When is it Time to Hire a COO

When is it Time to Hire a COO

FromThe Prosperous Nonprofit


When is it Time to Hire a COO

FromThe Prosperous Nonprofit

ratings:
Length:
18 minutes
Released:
Nov 21, 2022
Format:
Podcast episode

Description

In the early days of starting a business, most business owners find they have to be involved in all the big and small decisions. As you start adding team members to your payroll, you may reach a tipping point that necessitates bringing on a COO. In this episode, Stephanie Skryzowski discusses when she realized that it was time to hire a senior leader in her business. Handing over the reins may seem a little scary, but if your team feels overloaded by the growth of your company, it’s time!  I needed somebody who was both a strategic thinker who could sort of help me sit with me at 30,000 feet and see the big picture, but also somebody very tactical that would know how to create a project plan and how to put all of the wheels into motion and support the team to actually get things done. - Stephanie Srkyzowski Key takeaways mentioned in this episode: How to recognize when team growth exceeds your ability to manage the team well When to take stock of unfinished projects - no one to handle them, no capacity for taking on something new Knowing when you need a senior team member to handle strategy/2nd in command How to: come up with a title, understand the impact on the budget/bottom line   Links mentioned in this episode: Connect with Stephanie on Instagram The Profit Playbook The Finance Pro Quiz Want more of the podcast? New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast Leave us a review! Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Let me know what you loved most about this episode! Subscribe to the show so you don’t miss a thing Download the full episode transcript here
Released:
Nov 21, 2022
Format:
Podcast episode

Titles in the series (100)

The Prosperous Nonprofit is the podcast for leaders who are building financially sustainable and impactful nonprofits and changing the world. On this show, we talk to inspiring leaders who are paving the way in the nonprofit sector in new, innovative, disruptive, and entrepreneurial ways, creating organizations that fuel their lives, their hearts, and their communities. You'll also hear from me. I’m Stephanie Skryzowski, a Chief Financial Officer, and Founder & CEO of 100 Degrees Consulting which provides CFO and bookkeeping services to nonprofits around the globe. This show is an amazing combination of inspiring stories and practical nonprofit leadership tactics to grow their impact and their income.