Change happens fast. And often when we least expect it. That’s one of the reasons we see so much job turnover. Companies typically forecast and plan ahead. Executives do so for their departments, but what about their careers? Too many individuals think they are just along for the ride.
I was recently listening to an economist on the radio discussing why any
individual with a high income potential should outsource all activities
that they either don’t enjoy or don’t produce a financial
return. It’s advice that’s given to business owners all the
time, but is often over looked by professionals. It was especially interesting
because the economist was arguing that it’s not just a rule for
high-income earners, but for anyone with high income potential.
Obviously, it’s not possible for every individual at every point
in life to outsource everything we either dislike doing or doesn’t
have a financial return. However, having a personal dream team is a good
idea for most professionals.
Below are a few good “dream team” players for executives:
Having a great accountant not only protects you from IRS missteps, but
they can usually save you money and help you prevent catastrophe when
Your accountant shouldn’t manage your money. In fact, you should
be the best person to manage your own money. But, having a third party
who can give you advice and help you keep you on track towards meeting
your goals is almost always a good idea.
This one is self-serving, but negotiating for your company or anyone else
is easy. However, we are all too close to our own situations to maintain
perspective. A good lawyer who understands employment concerns should
not only help you with disputes, but should also be a sounding board when
negotiating employment agreements, raises, bonuses and exit strategies.
I used to be one of those people who thought I could figure it all out
on my own. Then I realized that I didn’t get where I was without
some help along the way, and I won’t get where I want to go alone
either. Whether it is an informal relationship with a mentor or a formal
relationship with a coach, getting the outside view is critical to professional
It doesn’t matter how many players you have on your team or whether
you choose a whole different type of team altogether, the important thing
is having people around you with expertise that can help you use change
to your advantage and achieve your goals.