In any business, though, a chief needs a second-in-command. This is an ideal time to hire one, says Daniel M. Murphy, co-founder of The Growth Coach. What to look for?
The individual ideally should have skills and a working style that are complementary to yours, says Robert M. Donnelly, professor of entrepreneurship at St. Peter’s College.
“Don’t expect the person to be as good as you at what you do,” he says. “You’re really hiring a No. 2 to be good at the things you’re not.”
For example, Joanna Horobin, chief executive of Syndax Pharmaceuticals Inc., says her No. 2 works at a calculated, detailed pace.
“Without Bob, I run the risk of my big ideas missing people and not getting translated,” she says. “I have more of a relentlessstyle.”
—Adapted from "Control Freak No More: Picking No. 2," Sarah E. Needleman, The Wall Street Journal.