How a Fractional Executive Can Take Your Business to the Next Level - Conway Center for Family Business

This is an intereting article in Entreprenuer.com by Katie Murphy, a new Conway Center member and founder of Expansion Group. Fractional executives might be a good solution for family businesses that do not have a clear succession plan...yet.

If you have a complex strategic initiative with an end date like the one I oversaw, this is the perfect fit for a fractional executive. Here are some situations when fractional executives might come in handy:

  • You’ve outgrown your operating model and need to level up.
  • You have a great operations manager, but he or she may be missing the strategic skills of a COO — the same goes for finance and marketing.
  • You’re looking to delegate financial, operational or marketing duties you have managed to date, but it doesn’t require a full-time role.
  • To fill a vacancy while you search for the best long-term fit.

To read the entire article, click here.

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