Three Ways to Overcome Losing Startup Management

After running the business for some time, there are times when your Co-Founder or C-level lineup decides to leave their position for various reasons. This process often occurs in startups that are more than five years old, are in the process of being acquired, or have obtained funding.

If this happens to your startup, it's a good idea to implement the right strategy to keep the company running As usual even though the management position had to cripple for a while.

Telunjuk is one of the startups that has experienced a change of leadership, from one co-founder to another. Learn from personal experience, CEO index finger Hanindia Narendrata conveyed three interesting tips that other startups can apply when experiencing a similar incident.

Adaptation and transition

Notification about the intention to leave one of the management ranks is usually already informed in advance by the relevant parties, but in some cases, certain things happen suddenly. When this process occurs, it helps you, as the co-founder, to be able to negotiate and adapt quickly.

Discuss the incident with investors and other related parties. Provide a good solution for your co-founders, conduct intensive dialogue and make sure the partner's position is clear, whether in the end as a commissioner, consultant, or minor shareholders in startup.

According to Hanindia, the most important thing to pay attention to is the transition and adaptation between the new C-level and the team he will lead.

"An ideal organization is determined by the readiness of people to replace its leader. That's why this is one of the things" ultimate goalIt's HR right. If an organization, the management is mostly occupied by people who are pursuing careers in the organization, the HR is successful."

The right substitute

When the negotiation and explanation of your partner's position is clear, the next step that must be taken is to immediately find a replacement for the position. If possible, it is a good idea to place a temporary replacement (such as a deputy or head) to fill the position, so that the business can continue to run smoothly, even though they have to lose a CEO or Director.

Which is conducted Shopback when it lost Indra Yonathan, Co-Founder & Country Head of Shopback Indonesia, was to put an insider to replace the position.

The same thing was done house123. When their Country Manager Ignatius Untung chose to leave, they took the same steps to choose a new Country Manager.

Putting people in has become an easier and faster way to do. But make sure to find the right person to be able to lead the company when the transition process occurs in the company's body.

Another way is to recruit outsiders or those professionals, who have skill and sufficient experience to become a company leader. However, it is obligatory to pay attention so that the person can give value to the company and has the charisma of a leader.

"The process of hiring a C-level from outside also requires a careful process. Is it leadership values- it matches leadership values organization. So it's not just performance track record only to be considered, but also the vision and of course leadership values so the main thing," said Hanindia.

Submit information

The next step that must be carried out carefully is the notification process to the internal company. Make sure the changes and transitions that occur do not interfere with the running of the company and related teams can continue to collaborate with their new leaders.

Information that is conveyed outside (media and stakeholders) must also be considered. Embed relevant information and reasons, provide a clear background on the reason for leaving a member of management, and why a replacement or new leader is the right person for the position.

"In order to maintain team morale, it is important to provide clear information to the team, so that the team can also carry out their duties and responsibilities as usual and even more optimistically. So it is also necessary to prepare a message that this change can be seen as something positive for all parties," said hanindia.