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Newsletter #10: Lessons from Large Family Firms About Choosing a CEO
Sue Mysko
April 25, 2024
SCALE UP Newsletter #10
Welcome to Scale Up, the smarter way to grow with fractional executives.
In this edition:
🚀 Lessons from Large Family Firms About Choosing a CEO
🤖 Cyberattacks Keep Rising
💼 Career Plateau at Midlife
Let’s dive right in. 👇🏼
Lessons from Large Family Firms About Choosing a CEO
Family businesses are infamous for nepotism and infighting, especially when it’s time to appoint a new CEO.
But when global talent adviser Claudio Fernández-Aráoz and colleagues set out to help family firms improve their leadership transitions, they were surprised to find that large family businesses had much better succession practices than their nonfamily counterparts, and they outperformed on several measures after new appointees took the reins.
Connect with experienced leaders
Unleashing the Power of Fractional Leadership
If you're a small business owner looking for expert guidance, or a large corporation needing specialized leadership for a project, consider fractional leadership. It could be the secret weapon your business needs to thrive in today's competitive landscape.
At Hire A Fractional, you’ll receive access to thousands of fractional leaders with deep business experience to support your organization.
Joining is 100% free for companies. As your business grows, we grow with you.
Cyberattacks Keep Rising. Here's What Small Businesses Need to Know
The average cost of ransomware payments has reached $26,000, more than twice the average in 2021.
Small businesses should first have a plan in place to prevent cyberattacks. If your business has been breached, it's best to work with a cybersecurity executive to assess what happened and the damage done.
PODCAST: How Do I Avoid a Career Plateau at Midlife?
An experienced leader must learn how to find a balance between striving and fulfillment in the next phase of her career.
Host Muriel Wilkins coaches through concerns about aging in the workforce, finding the right challenges, and planning for the future.
Qualified role at the rate you deserve
Featured Fractional Role: Executive Director 🇺🇸
Fractional executives like you are applying for this role today!
Do you have the skills and expertise that this company needs to succeed?
Leaders Are Human, Too | Simon Sinek
⭐ Being vulnerable as a leader means openly sharing struggles to create an environment where others feel comfortable asking for help.
⭐ Pretending to have everything under control can negatively impact your team's self-worth.
⭐ Keeping problems hidden can lead to bigger issues in the long run.
Don't Start a Business Until You Consider These 5 Things
Thinking about starting a business? Here's what you need to know before you get registered, invest in your startup costs, or make your first sale.
Knowing these critical pieces of information can determine whether you start a successful business or fail before even getting started.
