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MenuWhen is the right time to get a COO?
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it sounds like you've already answered your own question – you needed a COO yesterday.
I would disagree with your CMO that adding a COO is just adding "another layer". It is, in fact, what keeps the lights on. If your house isn't in order, everything else falls apart. With 26 employees, one of your biggest ongoing challenges will be your culture, and managing the morale, motivation, and performance of your people.
Outside investors are interested in a number of things – not the least of which are your operating margins, who does what, and how efficiently the whole organizational structure is organized and communicates.
One last thing: don't make the mistake of just hiring for skills or experiences. Fit is especially critical in a COO role. if you haven't done so already, define your culture, define your vision, define your values. Then work on developing a performance-oriented job description for the COO, then start your search. In that order.
I'm happy to jump on a call to talk more, and help to strengthen the business case to your CXX colleagues if needed.
I'd like to recommend bringing this problem to your Advisors. Letting some third parties play in the business. Maybe your CMO and current team are concerned with the equity split or time it takes to bring someone else on and get up to speed.
Have you considered bringing in a consultant to deep dive inside the company. It's ALWAYS good to get outside perspective so if internally you can't agree, I'd bring in third party to help us identify what is needed.
I'm not a COO guy I'm a CMO level guy. I know there are people out there that could help.
Hi, there is a maxim "structure follows strategy"; as per your words, you have clear points about your strategy, goals and the road you want to follow.
It looks like you already have a C level meeting and there is a clear need; you are in a realignment and sustaining success situation so go ahead hiring the COO, sometimes democracy is not the best choice.
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