There is a huge cost every day you wait to hire your business's next leader. If you believe that time is our most precious resource, the thought of not having the right leader in place should hit home. There is a loss in production, possibly significant team distractions, a negative impact on morale and a financial loss to an organization. The total cost is almost impossible to calculate, especially when it’s for a senior leadership role in a company in a critical growth phase. After spending nearly two decades hiring tens of thousands of leaders in almost every industry, I think it’s safe to say that opportunity costs from delaying this hiring decision is in the hundreds of thousands of dollars, at least. What will hiring the right leader enable you to do that you’re not doing today? This is the million-dollar question. At our firm, for example, the client is usually the president/CEO of the company. Hiring the right leader frees up capacity at the highest level, as the new hir
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