Sometimes you initiate change, and sometimes it is forced on you. Regardless of how you got there, you must deal with it. Facing change isn’t always easy or wanted.
Key employees leave. New technology disrupts the market. Your exit strategy or timeline changes. Maybe your business has grown beyond your capacity to manage it all effectively.
As a business grows, business owners eventually come to a point where they need a leadership team to share the load. Depending on the where the company is, hiring full-time executives may not be needed or even financially realistic. The decision to expand the leadership time is a change you initiate.
The sudden loss of a key leader is but one change that is forced on you. You must decide how to re-organize the workload and responsibilities or to find and replace that leader.
In all these situations, a fractional COO can step in. They can be a part-time resource to bridge the gap until you are ready and need a full-time executive. They can also help define the COO role so you can find the right candidate. Whether you need someone for a few hours per week or several days per week, you can keep the business moving forward.
Opal Partners offers COO Bridge as a way to help businesses bridge the gap when they need to add to their leadership team but aren’t ready for a full-time resource.