Are you wondering about this “new” concept called a Fractional Executive? If you haven’t heard about it yet, you probably will shortly. In fact, it’s not new, but it is resurfacing and becoming popular, so let me clear it up for you.
You don’t hire a Fractional Executive through a temp staffing agency. Fractionals are usually fully self-employed leaders but with several companies at once.
Pro-Tip: They will see issues and opportunities that exist across a wider swath of situations than just those in your company. This translates into a competitive advantage for you.
Contractors offer you minimal control over how something gets done – you buy an outcome, and the contractor does whatever they do. However, Fractionals are far more collaborative, just as a senior member of your leadership team would be.
Pro-Tip: What will you do with the savings you’ll realize by not paying a 30% load on top of a senior executive’s salary…?
Yes, Fractionals can be CXOs, and they can also be SVPs, VPs, Directors, and other senior positions within your company.
Whether you provide the team for them to lead or you need them to build a team for you, Fractionals are experienced at harnessing the power of a team of people and driving synergy. Above all, they are not an “Army of One.”
Fractionals have a proven track record of driving success, which usually means they aren’t just a “one trick pony.” Therefore, as with any senior leadership role, Fractionals operate cross-functionally within your organization.
Fractionals are not merely employees, they’re proven leaders with a point of view. Accordingly, you work with a Fractional for their ability to proactively add value to your organization by bringing their expertise and wisdom to your company. Additionally, unlike contractors, Fractionals will collaborate with you and adapt to your strategy.
Fractional Executives provide high-level expertise and leadership at a fraction of the cost of hiring a full-time C-suite or senior executive. Consequently, this allows companies to tap into seasoned professionals with extensive experience without the full financial burden of a permanent hire, freeing up funds to invest in other parts of the company. Therefore, this is an ideal move for a startup, SMB, or even a mid-market organization.
Fractional Executives can be engaged on a part-time, interim, or project basis, offering flexibility to scale leadership resources up or down as needed. Again, this is particularly beneficial for startups, SMBs, or companies going through transitions, especially when the geopolitical and global economic situations are turbulent.
Fractional Executives bring specialized skills, industry knowledge, and fresh perspectives to address specific challenges or drive growth initiatives. Correspondingly, their outside expertise can provide valuable insights and mentorship to existing teams
You agree that the plans and advice you’ve received will benefit your company, but are short on leadership staff to execute those plans. As a result, you’d like the advisor to not just provide advice, but to lead the initiatives as well.
With their deep experience, Fractional Executives can hit the ground running and drive faster execution on strategic initiatives, operational improvements, or major transactions.
If you are looking for a way to grow your business, improve your operations, or solve a critical challenge, consider contracting with me as a Fractional Executive. I’ll provide you with the dedicated expertise, leadership, and guidance you need on an interim basis. Here are some of the benefits of hiring me as a Fractional Executive:
Revenue Generation Strategies, LLC
7000 Independence Pkwy
Ste. 156-114
Plano, TX 75025
