As your career develops and you grow into roles of greater responsibility, one of the biggest challenges is what Jennifer Garvey Berger calls “The paradox of the appearance of increasing control and the experience of decreasing control.”
Nearly all of the 6 common exit strategies for contractors require the business to continue being successful for the outgoing owner to get paid. There are a couple of things that can be done to help ensure everything stays on track.
Managers must set goals that are S.M.A.R.T. (Specific, Measurable, Achievable, Relevant and Time Bound. Leaders must be stretching their teams toward objectives are beyond what anyone believes they can achieve.
Feeling like you’re alone or not sure what the next and best step forward should be? Find out how to get objective input from people you likely already know that have deep experience with these same issues and opportunities around succession.
Contractors must have a clear vision with specific goals. It is the strength of the business operating layer of their companies that will keep them on track to achieve those goals.
Retirement Onboarding seems simple enough, but it cannot occur in a vacuum. Owners need to look at all of the stakeholders that will be affected by their decision.
Knowledge Management is a complex topic and the contractors who learn to manage it the best will have an edge in the market. There are several models that can help you visualize the differences between different types of “knowledge” in your organization.