Behind the Scenes of Co-Leadership
On this episode of If Money Were Easy, Mary Beth Storjohann and Neela Hummel take you behind the scenes of what co-leadership looks like and share their unique journey to becoming Co-CEOs of Abacus Wealth Partners. They explore balancing work and family life while also managing their time through delegation and outsourcing. They acknowledge the unconventional nature of their arrangement – discussing the skepticism they faced and the need to explain why collaborative co-leadership was best for the company – and highlight how their visions for servant leadership and serving others drives them. Hear what the tradeoffs of co-leadership are, and how maintaining effective communication, avoiding ego conflicts, and building a united front helps them overcome feelings of insecurity while maximizing their flexibility, presence, unplugging time, and mutual personal growth.
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What You'll Learn in this Episode:- The necessary qualities for successful co-leadership
- How to overcome initial feelings of intimidation and insecurity in a co-leadership role
- Ways co-leadership can benefit organizations compared to traditional solo leadership
- Challenges in maintaining a unified front and avoiding competition
- How different working styles and strengths contribute to co-leader success
- The ways a supportive relationship allows for flexibility and work/life balance in a co-leadership role
- Steps to building a strong and effective communication style
- How delegating and outsourcing tasks makes an impact on productivity and focus
- Thoughts on whether co-leadership is a model more organizations should consider