We live in exciting times full of innovation that moves at the speed of thought. There has never been a better time to be starting a business and executing on creative dreams through the unique path of entrepreneurship. At Providence Partners, we’ve always encouraged our entrepreneurial partners to dream larger than life, but we offer this practical advice to rapidly growing businesses and executives: You don’t know what you don’t know.
If you’re riding the rocket of exponential growth in your company, congratulations. We’ve assisted hundreds of startups in the blast off phase of their growth and there’s an adrenaline rush that comes with exponential success which is undeniable. Unfortunately, many startups get caught in the G-Force rush of initial growth and lose sight of future milestones which seem less exciting, but are mandatory for steadying the course and making a long-term play.
It may not make sense, at this point in your company’s growth, to bring on a full-time seasoned executive or CEO. In practical truth, your company may not be at the point where it makes financial sense to make that salaried expense. There is an option and opportunity available to you that allows you to ride your juggernaut while learning and building on the shoulders of the giants which have already seen the terrain just up ahead.
Fractional Executives are seasoned professionals who have decided to offer their advice and skills to organizations on a for-hire basis. These executives have typically served a number of years in a business environment in roles such as Chairman, Owner, CxO, SVP, VP or Director. Their skills may be focused on one discipline or could be more broad-based, depending on the role(s) they have served. They can help startups assess their short-term and long-term trajectory, help identify potential upcoming challenges, and provide a peace of mind and wisdom support system which is invaluable.
Industry-Specific or KPI-Specific Fractional Executives
Do you have a major goal or KPI that your company would like to achieve in the coming 5 years? Wouldn’t it be nice to have in your team of advisors a seasoned professional who in many senses of the phrase has already, “been there, done that.” That’s what Fractional Executives offer to smart startups.
If you’re interested in taking your business to the next level with a trusted advisor, we’d love to help you develop a strategy for bringing on a fractional executive. Just fill out a few questions and we’ll be in touch soon.