Key Interview Questions To Ask A New President For Your Thriving Company

One of the key value drivers that will enhance your company's transferrable value is institutionalizing the management team.  This means the company is no longer dependent on the founder and has a management team that will transition with the company.  As you start preparation for your ELITE Exit™ and consider removing yourself from the primary leadership position, you should carefully consider the leadership characteristics of your successor.  Here are 10 questions you can ask your candidates to help you in your hiring process.

1. Why are you motivated to assume this leadership position knowing the company will be sold in the next three years?
2. What is your process for engagement with the company?
3. How do you motivate employees in an already thriving business?
4. What does the concept of employee ownership and buy-in mean to you?
5. How will you establish clarity with the team and other critical stakeholders in my business?
6. What is your leadership style?  Are you directive or consultative?
7. What are your thoughts on company culture and how do you measure a successful culture?
8. How do you define agility in business leadership and management?
9. As you uncover areas for improvement and continued growth, how will you introduce them into the business?
10. How will you motivate my team to stay through and after the transition?

This post is a companion piece to Season 3, Episode 3 of The Business Owner Transition Podcast.  You can find it on major podcast distribution sites including Apple Podcasts: