Advisory and Fractional CxO Services for Software Companies to Accelerate Growth and Boost Efficiency.
Throughout the founder’s career, he has had the opportunity to work in a number of disciplines, including deep in technology and software development, to building revenue teams, and crafting impactful strategic partnerships.
What he discovered is that these are all connected and a “revenue-aware” product process helps guide informed decisions that lead to revenue sooner and in greater volume.
Fractional executives are most effective when they are integrated into the team. There are scenarios (especially when doing advisory services) where the executive may only be directly accessed by the founder/CEO or other select executives.
You would consider adding a fractional executive to your team where you need to tap into a seasoned leader’s experience and lessons learned to accelerate your growth and gain efficiencies faster.
In general, you can select from either hourly or retainer-based engagements. There are also one-off engagements for ad hoc needs, like an ideation workshop or vision / strategy setting.
Hourly engagements for a fractional executive are typically best at the beginning of the relationship. These initial interactions can help explore the current state, identify the top needs and areas where the executive can help, and map out the first priorities to be tackled. This would be a precursor to moving to a retainer-based model.
Retainer-based engagements are typically for 25% or 50% of the executive’s time. Once an agreed upon scope and priorities are identified (typically through hourly engagements), a longer term (quarter or annual) agreement makes sense.