To successfully complete an interim management mandate, it is helpful to first precisely define clear goals. It is also important to know the risks and to involve employees in the project through comprehensive communication. The neutrality and experience of the experienced interim manager are just as crucial to success as his excellent management and communication skills.

To start looking for the right interim manager, it is often helpful to search through your own network. When choosing, make sure that you have enough experience. It is also always useful to check interim managers' reference projects before making a decision. Alternatively, it is advisable to commission specialized interim management providers to search for suitable experts. Platforms for the acquisition of interim managers are also becoming increasingly important. These offer cost advantages, but also involve risks, as intermediaries accompany the process before, during and after the mandate and offer the customer legal certainty. This can significantly increase efficiency.

The cost of an interim manager varies depending on various factors, including the duration of the assignment and the type of task. The guideline for the daily rate of an interim manager is often around 1% of the annual gross salary of a permanent employee in a comparable position.

To be successful in interim management, you ideally need at least 20 years of professional experience. In addition, an interim manager should have a well-established network, demonstrate flexibility and be willing to take risks.

An interim manager takes on temporary project and/or management tasks in companies. It is important to ensure that any appearance of bogus self-employment is refuted by clear and verifiable facts. The temporary manager acts independently and is not integrated into the customer's organization from a disciplinary perspective. As a specialist, he works on a project-by-project basis and completes special tasks quickly, comprehensively and sustainably. His project tasks often include the conception and implementation of new processes and procedures, which are later continued by the organization and permanent employees. Interim managers often act as crisis managers who avert crises, avoid bankruptcies, restructure companies or manage transformation and growth projects. The interim manager comes to go, a cliché that is true in many cases.

Interim management providers are sales specialists who focus on acquiring mandates and managing the “perfect match” between the client and the temporary manager or expert employed. You accompany both stakeholders throughout the entire mandate and ensure that the management performance is of first-class quality over time. In contrast, interim law firms are associations of interim managers and industry experts, all of whom have many years of experience. The difference is that interim law firms do not act as commercial agents for third parties, but rather act as agents themselves.

Interim management law firms are characterized by the fact that they can provide complete teams of experts, similar to consulting firms. The difference is that law firms not only create concepts, but also intervene operationally in their implementation. In contrast to interim management providers, interim management firms further qualify the experts they employ in their own academy. The experts learn uniform tools and methods to successfully manage complex customer projects. Interim management firms guarantee the highest manager and therefore project quality.

Not at all. Strategic partnerships are increasingly emerging between interim management providers and interim management law firms. This is done particularly in order to be able to assert ourselves better as a team in pitches to consulting companies. F&P AG has concluded numerous cooperation agreements with well-known providers and emphasizes the advantages that both sides can derive from this special form of cooperation.

Interim managers are freelancers, and this characteristic distinguishes them significantly from permanent managers. As an entrepreneur, you must protect yourself against all risks and establish your own company on the market very professionally. Alternatively, you can also openly market yourself to the outside world under the umbrella of a professional interim management provider. This market power characterizes mergers of managers to form a strong community in the form of an interim management partnership.