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. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. 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 Resources Mentioned on the Show: The Clifton Strengths Assessment: Find the Report That's Right for You Women in the Workplace 2022 by Mckinsey & Company Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram, and on LinkedIn. Connect with Mary Beth on Twitter, Instagram, and on LinkedIn. Connect with Neela on Twitter, Instagram, and on LinkedIn.