There are three main scenarios when fractional executives make sense: high growth/high stress, transitions, and specialized projects.
– In high-growth or high-stress situations, a fractional manager brings the expertise that the current management team may lack to elevate the company to the next level.
– During transitions, such as managerial turnover or investor activity, a fractional executive can serve as an interim leader to guide the company.
– Specialized projects, like PPP loan filings, are another instance where a fractional manager’s specialized skills can be invaluable.
– The goal of hiring a fractional executive is to fill a specific need or gap in expertise, often on a temporary basis, to help the company navigate challenges or opportunities.
