Leveraging Expertise To Fit Your Business
What Differentiates Fractional Leadership From Consultants?
Having the option of utilizing an executive resource on a temporary basis can be a tremendous advantage for your business. Especially when multiple options exist to fit the unique needs of your business. While Fractional Leadership and Project based skills resourcing have similarity, they are individually unique and offer a wide range of advantages to your business objectives and budgetary requirements.
Fractional Leadership is the practice of leveraging external experienced C-level executives to fill leadership gaps in your business as part of your leadership team, yet in a part-time capacity. The fractional executive works on a contract basis and usually with more than one company at a time. Different from project-based consulting work the fractional leader is inserted to your organization to lead a portion of the business similar to a full-time employee. This greatly increases the opportunity for success as they own all elements of business success. The ideal model for accessing proven talent, reducing costs, growing fast, and increase profits. Schedules can be designed to fit the needs of your business.
Consultants provide expert opinions, analysis, and recommendations to organizations or individuals, based on their own expertise. They're essentially fixers, serving as objective troubleshooters, and providing strategies to prevent problems and improve performance. While this model is ideal for many organizations it still lacks the daily leadership of the recommendations that many businesses require.
Benefits of Fractional Leadership
Fractional leaders provide various benefits to an organization. Often times they are utilized to fill short-term leadership positions or even part-time needs. This is the most flexible way for a company, large and small, to find seasoned professionals that offer a depth of knowledge with a more flexible approach to fulfilling role responsibilities.
Examples of how fractional leaders are utilized might include situations such as: The company is still in its early days, therefore, doesn't have budget for full-time executives. When a CxO level of knowledge is needed to help build the business, yet it does not require a full-time staff employee. To cover unexpected vacancies or vacancies that are difficult or expensive to fill. This has proven especially beneficial to Startup business, Entrepreneurs, Private Equity backed, as well as an organizations Merger & Acquisition (M&A) process.
The value of obtaining years of experience and years of knowledge at a fraction of the cost.
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Value for Under Performing, Distressed, and Failing Business
New Eyes, New Vision, New Results
Every business face challenges. Whether financial, operational, employee, or customer based. You are not alone, but you don't have to be. One of the most difficult realities is for a business owner or executive leader to face the challenge that their unique skill and knowledge might not be exactly what is needed to make that particular business initiative successful. Leveraging other talented personnel is not only an option, but also the right option.
Fractional Leadership enables all organizations the opportunity to expand their talent pool without the necessity to hire long-term employees until you need to. This adds tremendous value for your business by adding uniquely necessary knowledge in a flexible and cost-effective approach. This greatly increases the opportunity for success as they own all elements of business success. The ideal model for accessing proven talent, reducing costs, growing fast, and increase profits. Schedules can be designed to fit the needs of your business.
This has proven especially beneficial to Startup business, Entrepreneurs, Private Equity backed, as well as an organizations Merger & Acquisition (M&A) process.
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