Monday, September 26, 2011

Article of Interest: Growing Firms Seek Part-Time Execs

According to the article referenced below, mid-size companies -- considered the engine for future economic growth and job creation -- are reporting a greater demand for part-time high-level executives as the economy recovers.  Even though the article focuses on Detroit, this might be indicative of just about any major city in the United States with a high concentration of business owners.
When a company reaches several million dollars in annual revenues, its need for at least a part-time chief financial officer instead of a bookkeeper or a part-time chief technology officer in lieu of a web technician becomes undeniable, Fowler said.

"By the time you get to $5 million, your financial systems will have to be pretty sophisticated for you to grow your company," he said.
Something to think about and seriously consider.

And of course, many WPO members are at a revenue level that supports this notion:
"However, once most companies hit the approximately $15 million mark and they see a growing revenue stream, they want full-time employees at the C-level," Holland said.
Read more:  "Growing firms seek part-time execs"

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