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"

Article of Interest: How to Put Your Strategic Growth Drivers In Place

To build and grow your business during difficult economic times, put the following three pieces of advice into place:

•  Preserve your cash.
•  Be predatory from a sales and marketing perspective.
•  Be opportunistic toward acquisitions.

Snippet:

... companies are proving that, if a business has strategic growth drivers in place from the very beginning, it will have the opportunity to grow, no matter what the economic climate. A fundamental piece to this puzzle is ensuring that the business model that you create and develop enables value creation and the possibility for creating a successful business, not just a successful product line.

 Learn more about how to do this:

"Three Tactics For Building a Successful Business in a Bad Economy."

Article of Interest: Tips On Managing Experienced Workers

Here's a good look at how to manage experienced workers and at the same, stay on top your game.

Richard Branson on Managing Experienced Workers || Entrepreneur.com

Excerpt from article:

... if you want to stay at the top of your game and work smoothly with your younger colleagues, you have to embrace change.

Video of Interest: Why Women-Owned Business Owners Succeed