fbpx
855-236-0600

The Post-60 Career Path

The Post-60 Career Path

 

Steven Hawking said, “work gives you meaning and purpose, and life is empty without it.” It’s no surprise, then, that there is an ongoing shift away from traditional retirement and towards late in life career paths that emphasize purpose.

Statistics indicate that workers 65 and older will account for more than 60% of projected labor force growth in this decade.

The question, as posed by this Wall Street Journal article, is what does this generation of workers want, and is the job market supplying it?

A woman in her 60s at work exemplifying post 60 career path

Flexibility and Meaning

This new influx of job seekers is looking for two things in particular: more meaningful and more flexible work. These workers have already put in their time working 60+ hour weeks and are looking to lose the unsustainable working conditions, while pursuing more of the work that they enjoy.

At FocusCFO, we have structured our CFO and Area President positions around these values. Our associates set their schedules, both in terms of the number of hours and in terms of their availability.

Our growing team cites the ability to make an impact as the driving force behind their passion with us. They leverage their years of experience knowledge to help small and medium-sized businesses build sustainable, transferrable business value.

Our CFOs choose their schedules, have control over their client roster, and can focus on the rewarding aspects of their work, which lets them write a new chapter in their careers, one that is less stressful.

Benefits of a Career with FocusCFO

  • A stimulating work life, with less stress than traditional
  • More time to process, create, and mentor
  • Opportunity to work with purpose and make an impact with businesses in their community
  • Flexible schedules

This structure creates an opportunity for CFOs and business advisors who are looking to delay retirement, or who are looking for an alternative to the traditional corporate career. If this interests you, learn more about careers with FocusCFO.

FocusCFO Logo 2021

855-236-0600

Finding Your Successor: What Traits Do Most Successful Owners Share?

Finding Your Successor: What Traits Do Most Successful Owners Share?

By Darren Cherry

For many owners, one of the most challenging tasks they encounter is finding their successor, especially when there is not a logical inside candidate. Just as we want our children to have a better life than we did, we share similar goals for our business. In this case, we want the next leader to be an upgrade.

I’m often asked, what I should look for in my successor. My quick answer is someone who meets your core values and has the skills and wills to take your company to the next level. As you might imagine, this is correct but rarely helpful. If you dig a little deeper, then perhaps the best place to start with the traits observed in existing owners.

When you survey owners about the personality traits that led to their success, they will be quick to use words like determination, sacrifice, hard work, humility, curiosity, or even “dumb luck.” These are valuable traits to aid in navigating the challenges of running a business.

Discipline: The #1 Trait of Successful Owners

Working with owners, I have experienced their wins, struggles, stress, and fears as they balance managing themselves and others while keeping the organization headed in the right direction. The one trait I have observed at the center of their core value system is Discipline.

  • The discipline to stick to their original vision despite the temptation to veer off course.
  • The discipline to stick to their original product or service offering despite clients asking for different things.
  • The discipline to ignore whatever “shiny ball” demanding their attention and instead focus on what they set out to do

Steve Jobs, the legendary co-founder of Apple, said it best:

“People think focus means saying yes to the thing you’ve got to focus on. But that’s not what it means at all. It means saying no to the hundred other good ideas that there are. You have to pick carefully. I’m actually as proud of the things we haven’t done as the things I have done. Innovation is saying no to one thousand things.”

While curiosity and grit are essential personality traits for any would-be founder, the ability to remain disciplined in the face of opportunity may be the most critical attribute of all.

Darren Cherry is an Area President for FocusCFO based in Columbus, OH. Darren is also an Exit Strategy Consultant certified through the Exit Planning Institute. 

Founded in 2001, FocusCFO is the leading onsite fractional CFO services provider in the Midwest and Southeast. FocusCFO works closely with small to medium sized businesses helping business owners gain control over three key financial and operational areas: increasing cash flow, reducing business risk, and creating a platform for scalable growth. This allows business owners to then realize full financial control and increased value in their businesses. For more information, follow us on LinkedIn.

FocusCFO Logo 2021

855-236-0600

Use of On-Demand Execs is a Growing Trend | Indianapolis Business Journal

Use of On-Demand Execs Becomes a Growing Trend

Indianapolis Business Journal

 

Gary DeThomas, FocusCFO’s Indianapolis Area President contributed to a recent Indianapolis Business Journal article on the growing market for “on-demand” executives

Logistics Support FocusCFO

An Excerpt from the Article:

…Another benefit, DeThomas said, is that a fractional executive brings an outsider’s perspective and can sometimes elicit feedback that employees might be reluctant to express to their in-house leadership.

FocusCFO provides long-term, embedded fractional financial executives. Clients span a variety of industries, including manufacturing, advertising, health care, real estate and others. 

DeThomas said the fractional concept can work for a variety of executive roles, and FocusCFO has connected clients with other fractional-work firms to find non-CFO executives. “Once [client firms] taste it, they say, ‘This is really good. This is helping me. Where else could I do it?'”

FocusCFO Logo 2021

855-236-0600