Businesses, not matter how big or small, need top management who are experienced and experts in their fields in order to guide the company towards success. While large and established companies can afford to spend mammoth amounts in hiring senior management, smaller businesses can’t afford this luxury. However, this doesn’t mean that they should settle for poor quality staff or eliminate certain positions which may lead to their business objectives being compromised. There are several ways in which small businesses can get the expertise of top management without having to invest too much in hiring. Here are some tips:
1. To begin with, try hiring top managers as consultants. There are many chief officers who work part time or as advisors in smaller companies. You will be able to gain a lot from their knowledge and will pay only a fraction of the cost of hiring a senior manager on a full time basis.
2. Several educational institutions like colleges and universities have highly educated and experienced staff who are available as advisors or consultants. Many such institutions also run programs that provide free leadership and mentoring to budding entrepreneurs. Check if your company can qualify for any such program.
3. Even when you hire top management on a consultant or part time basis, encourage a team atmosphere. Making them feel that they are as much part of the company as a full time manager will motivate them to perform better and give the organization their best.
4. Before you hire anyone for a top management post, go through a proper reference and background check procedure just as you would for any other employee. Top management are the leaders of a business and you need to be sure they are genuine.