I spoke with a fractional COO who's working for 2 companies simultaneously. Last month, I spoke to an Operations & Transformation Executive who secured a role as a fractional COO across two different scale-ups. Here's why fractional executives are becoming a more attractive option: 1) Cost-Effective Expertise: One Scale-Up Founder told me, "We get ASX 100 experience at a fraction of the cost." They're accessing top-tier talent they couldn't afford full-time. 2)Flexibility is King: The fractional COO I know works 2 days a week for each company. As he put it, "I get to impact multiple businesses without the politics & bulls**t of full-time corporate life." 3)Cross-Pollination of Ideas: This arrangement isn't just benefiting the executive. Fractional CxO brings insights from other industries that would have never been considered 4)Reduced Risk for Startups/Scale-Ups: I have some personal friends in the VC world, and they are encouraging portfolio businesses to consider fractional execs. It’s a great way to try before you buy. 5)Work-Life Balance: The executives themselves are feeling fulfilled. They get to deliver high-impact work and still have time for family & social life after a long corporate career. What does this mean for professionals and companies? For senior executives: Consider how your expertise could be leveraged across multiple organisations. It's a way to diversify your experience and income. For companies: Think about where you might benefit from part-time, high-level expertise. It could be the key to unlocking growth without breaking the bank. For aspiring CxO: Start thinking about how to position yourself for fractional roles in the future. Building a personal brand and diverse skill set is crucial. I’ve been following the rise of fractional work in the UK/US and it is growing. It’s coming to us down-under, it will be a game changer. Trust me. Finn Executive
It’s all in the fractions that make the portfolio ✨
Agree Scott Kay, you’re tapping into some serious skill sets and gaining leaders who are fully invested in the outcomes without the need for a full-time commitment. It’s a win-win, companies benefit from experienced talent driving results and executives bring fresh insights from varied industries.
Could not agree more with every single point you made. I am most certainly sold, but are companies? For some reason the concept is just not taking off in Australia in the same way as in the UK 😞. Especially in this economic climate it should be a no brainer for any company!
It’s certainly why I do it Love impacting more businesses
It’s a win win 🏆. Access to high calibre professionals, effectively at a discount, as there’s minimum downtime.
I totally get this Scott Kay it’s a win for all parties, it’s why I went into coaching
Fractional CFO - Commercial & Non profit | Ex Cisconian, Siemens & Vodafone Group | Senior Finance Executive
1moScott Kay It's slow to start in Fractional/Advisory business in Oz. I started Fractional CFO consultancy practice in 2021. It works very well for high cost executive but you got to be agile. It could be learning Salesforce software to build reports and setting performance metrics in one & reviewing complex tender documents for government projects in another. So client selection and your target areas have to be specific and aligned.