Separate money losers from those with a nose for profit
If you need to hand over your company's reins, you want to find a manager who will live up to your standards and maintain the profitability and success you've garnered. However, research suggests that 80% of people, regardless of their education, background or experience, will lose money when placed in a position of overseeing profit generation. Some tips for weeding out such candidates include investigating their initiative and value-adding capabilities; asking others who are familiar with them about the prospects' spending habits; and being cautious in accepting the ideas of grand thinkers, who have imaginative, but costly, ideas. Inc.com (07/01)