You may be following the recent growing need for Fractional CxOs (aka part-time or interim executives).
Permanent executives are vital, but there’s a time and a place for tying up significant yearly investment in a rockstar executive team. Up to and until that point, you want to have the flexibility to channel your spend to where it’s most needed, and still get the executive experience to boost you where you need to go. This is when it is best to hire a Fractional CxO.
There's great advice on the advantages of hiring a fractional executive. Going for a Fractional CxO will help for:
- Stages of rapid scaling
- Building operational frameworks and processes
- Being in a tough spot, a crisis, or during a need for quick course correction
- Filling leadership gaps that emerge during developments or gaps created by a departure of key personnel
- Developing next-stage operations, maturity or going international; especially while switching gears and readying for an executive to take the helm.
In these situations you want the experience a Fractional CxOs can bring, for tackling early-stage and complex challenges in both small-medium size businesses and diversifying or expanding businesses.
When to bring in the architect
Much like a construction project, you need to bring in your architect at those key development stages when challenges are most complex, to access those critical skills up front. Your aim is to maximize the lasting safety and stability of the architect getting it right, without attaching the architect to the life of the building. You need the architect when things need to adapt quickly, applying their diverse experience—Especially in the early stages of a development.
Leadership by fraction means hiring experienced people with specialism in the specific areas that we offer our services.
Need an executive part-time or on an interim basis? Let us set up a chat, understand your challenges, and send you a really smart and insightful proposal:
