How a Fractional Executive can Help your Company
How do you know when it is time to potentially bring on a Fractional Executive. While every company and its journey is unique, here are a few scenarios where it may make sense to consider:
You have a big project or issue to tackle and the knowledge to get it done, and done right is not currently in-house. Or, maybe the knowledge is mostly there but everyone else has their regular daily responsibilities and you need help. Some examples:
Raising funds - debt or equity. Understanding what preparation you should do to save you time and increase your odds of greater success + a steady hand to walk you through the various options and inevtiable ups/down
Acquiring or Selling - help with due diligence, competitive analysis and integration
Kicking off a new process or system integration - a new ERP system, setting up new financial controls (purchase orders, cash protection) or even refining something you already do like interview processes or performance evaluations
An inefficient system, process or team that needs an expert hand to help guide to a more efficient and refined solution
You believe your team could use training or up-leveling to match the growth in your business
Potentially you have a Controller or Head of Finance on staff that does a great job but is relatively junior. You believe in this person, but they need a knowledge infusion and with the right coaching and temporary oversight could step up in a bigger way for your organization
You have a gap on your team, maybe someone left or your company is growing and needs additional support. A Fractional Executive can plug this hole for you while working with you to find a suitable back-fill
Your business is doing well, but you feel that it could be better or you are potentially missing something. Here a Fractional Executive can partner with you to deliver strategic and competitive insights, frequent reporting and be a sounding board to help you grow your business.
The wonderful thing about engaging a Fractional Executive is that they are available to you and able to ramp up, or down as your business needs vary. The Fractional Executive is able to bring their wealth of experience to bear to your company and you are able to obtain the knowledge and excellence at a reasonable price.
At Holdfast LLC we pride ourselves on our ability to provide seamless value to innovators. We bring years of experience across people management, finance, operations and sales/marketing and if you would like to explore how we can partner with you to help you achieve your business goals, please contact us via the contact form or at daniel@hlfst.com.
