Frequently Asked Questions About Working With a Fractional Executive

What is a fractional executive?

A fractional executive is a highly experienced C-Suite executive who provides expert guidance and support to businesses on a part-time, retainer-based contract. This means that businesses can access the expertise of a CTO, CIO, CMO, CRO, CPO, CSO, CISO, COO, or CFO without the full-time commitment and cost associated with hiring a full-time executive.

How does the pricing work for fractional executives?

Pricing for fractional executives is typically based on the number of hours of support required per month, with a retainer contract in place to cover those hours. This allows businesses to tailor their support to their specific needs and budget.

What is the hiring process for a fractional executive?

The hiring process for a fractional executive typically starts with an initial consultation to discuss the business’s needs and goals. From there, the fractional executive will work with the business to develop a tailored plan and schedule of support. Once this plan is agreed upon, a retainer contract will be put in place to formalize the arrangement.

What types of tasks can a fractional executive handle?

Fractional executives are experienced C-Suite executives, so they are capable of handling a wide range of tasks. This can include strategic planning and execution, business development, financial management, marketing and sales support, and much more. The specific tasks that a fractional executive can handle will depend on the individual’s experience and the needs of the business.

Can a fractional executive serve as the sole executive for a business?

In some cases, a fractional executive can serve as the sole executive for a business. However, it is important to keep in mind that fractional executives are not full-time employees, so they may not be able to provide the same level of support as a full-time executive. In most cases, it is best to use a fractional executive as a supplement to an existing executive team, rather than as a replacement for full-time executives.