The webinar, part of Valenta’s Insider Series, features Ted Stone from TechCXO discussing the role and impact of fractional executives, particularly fractional CFOs, in companies.
– A fractional executive is an experienced professional who offers strategic services on a part-time basis to companies that may not yet have the scale to afford a full-time executive. They bring expertise from various scales of businesses and can help in areas like finance, marketing, and operations.
– The ideal time for a company to bring in a fractional executive is not at the startup phase but when the company starts scaling and needs more structured management systems. They help in providing the right information for data-driven decisions, planning, budgeting, and forecasting.
– Fractional executives can serve various roles, from being a deputy to a full-time executive to bridging the gap during transitions. They can work with companies ranging from fewer than 10 employees to much larger scales.
– The success of a fractional executive within a company depends on how well they are integrated into the team. They should be embraced as part of the leadership team and held accountable just like any other executive.
