Who Should Be on the CEO’s Support Team?

As the CEO of your company, you may think you have to face all the daily challenges alone. But, the myth of the self-supported, solo CEO is just that: a myth. The reality is that the CEOs of the best-performing companies usually have a team of people supporting them and helping them tackle concerns as they come up. Each member of the support team takes on a specific role and focuses on a particular area, whether it’s the day-to-day scheduling, company finances, or employee well-being.

Build your CEO support team to help your company thrive and grow.

A vCFO

A virtual CFO helps you make sense of your company’s finances. They’re the person to turn to when you need to answer the question “where do we go  next?” Your vCFO can help you create a business strategy and a financial roadmap for the company’s future. They can facilitate connections with funders, including investors and banks.

Ultimately, your vCFO will help you make decisions for the company that lead to growth and profitability.

An Executive Assistant

An executive assistant does more than schedule meetings, reply to emails, and answer your phone. Think of them as your organizational gatekeeper. They ensure you know where you need to be and when you need to be there. They also ensure that only the most important meetings are on your calendar and the most critical messages reach you. They take on the responsibility of booking reservations and appointments and keep your office stocked. Without a supportive and organized executive assistant, you can find yourself wading through piles of spam or a permanently full voicemail.

Thanks to the efforts of your executive assistant, you’ll find yourself being more productive and better able to focus on what matters for your company.

A People Person

Call them your chief of staff. Your people person is the team member with a high level of emotional intelligence and capable of working with a broad range of people. They  can help you make hiring decisions for your company and oversee several daily tasks. They’re much more than an executive assistant; the chief of staff can also provide you with leadership insight and advice.

Often, the chief of staff works with your vCFO and executive assistant to keep your business running smoothly and take as much as possible off the CEO’s plate.

An Operational Expert

You know your company can improve its operations, but you have many other things to focus on. An operational expert, such as a general manager, can closely examine how your business operates and make recommendations for increasing efficiency and cutting costs.

Your general manager or operations manager can work with your vCFO to identity areas of concern and build a strategy to ameliorate them.

Leadership doesn’t exist in a vacuum. For your company’s ongoing growth and success, you need a strong support team. The vCFOs at New Direction Capital can help you develop a strategy while reducing your daily burdens. Hire your vCFO today.