Arguably the biggest challenge facing Scotland’s scaling entrepreneurs today is building their executive teams. Bringing the right people on board to strategically develop your business at the right time can save you time and money in reaching your hopefully ambitious goals. Cash is king and when you’re facing a monthly burn rate securing a customer contract or hitting an investment milestone 6 months earlier can be the difference between being in business or not. This is why you should be thinking about your executive team now.
If your business has already grown and you now need an executive team…it’s not too late but you will be playing catch up. It may have cost your business more time and money by waiting, and made the job a whole lot harder for the team you bring on board. So start early, be prepared and give your business the best chance of success.
We’ve teamed up with executive search specialists FWB Park Brown to bring you the following blog series on building your executive team, and were lucky enough to spend time with co-founder Judy Wagner to understand what it really takes to get this process right. Judy has over 20 years’ experience in executive recruitment, is a non-executive director herself, chairs several boards across Scotland and is a private investor so her experience of sitting on all sides of the table is invaluable!
The series will cover:
- The Executive team – It’s all about strategy
- The Executive search process – getting the right people on board
- Executive roles to fill & the importance of your Chairman
- How to resolve a bad hire
FWB Park Brown is an executive search company which advises and supports its clients on how to identify and recruit Board level (Non -Executive and Executive (c-level)) and Senior Management talent. The company consists of executive search professionals, researchers and administrators who have considerable experience of executive search across a range of disciplines, functions and geographies. Within each office are specialists who operate in the global energy and infrastructure sectors.