You are no longer a start-up you have been in business for a number of years and the business has grown nicely. But it is also getting to the point where you are spending more time than you wish on the administrative side of the business, which you do not enjoy nor do as well.
The business is profitable, but not to the point where is can afford a CEO, CFO or a COO. So does it make sense to hire a Fractional C-Suite executive?
What is a Fractional C-Suite Executive? They are someone who has the experience and skills necessary to assist businesses to get the job done, but on a part time basis. They may work for the business 1 to 8 days a month for the client.
The purpose is to get the business to the next level. Assistance in making this type of decision is when your Board of Advisors/Directors comes in handy. They can also be useful during the interview process.
We have successfully steered several businesses as a Fractional CFO.