Interim Management Tips

We are introducing a new feature relating to Interim Management for 2015. We plan to publish at least one tip or piece of advice related to Interim Management for every week of the year.  Whilst we will be adding tips and pieces of advice from our own experience we would also welcome contributions from both clients and interim managers alike. All you need to do is send an email to us with your tip or advice in relation to Interim Management and following moderation, we will publish the best ones on our site along with your name for others to read.

Send your information to enquiries@aster-interim.co.uk for moderation.

Interim Management Tips

  1. All Interim Managers need to get a very clear brief from their client. Ideally this should include information about timescales, objectives and budget.
  2. When starting out in Interim Management, the most likely source of your first assignment is from your own network.
  3. Start looking for your next interim assignment when you are on assignment, do not get complacent or lulled into a false sense of security.
  4. Set up a limited company, get a good accountant to ensure you are fully conversant with your responsibilities with regards to Tax, VAT and Company returns.
  5. Take time out to keep your professional profile up to date on Social Media. e.g. Linked In, Twitter etc.
  6. When on assignment be objective, impartial and most of all keep your stakeholders informed of any major decisions.
  7. Interim Managers need to ensure they do not neglect their personal development. Particular emphasis should be paid to digital, IT and sector/discipline best practise.
  8. An Interim Manager should set their interim day rate based on the objectives of the role and be prepared to be flexible for the right role.
  9. UK based Manufacturers of all sizes can benefit from using Interim Managers.
  10. An Interim Manager is not a consultant or a contractor, they are a professional manager paid to fulfil a role within a company for a set period of time.
  11. Interim Managers should allows leave companies at the end of an assignment in a manner that would allow them to gain repeat business as some point in the future.