Executive Services

Fractional Executives

Fractional executives are seasoned professionals, who provide guidance and expertise to businesses in a fractional (part-time) capacity. They often have extensive experience and leadership skills from working in multiple companies. They can also provide term limited appointments as member of board of directors or scientific advisory boards. They can also function as an interim CEO or COO (Chief Operations Officer).

We will work with you to figure out how a fractional executive can help solve your biggest challenges, opportunities, and leadership gaps.

Benefits of hiring Fractional Executives

Fractional executives can be hired on a monthly or project-based fee. The duration of work can vary from a few days to several months, depending on the company’s requirements. Since there is no traditional employer-employee relationship, the costs tend to be significantly small as compared to hiring someone full-time. This provides companies with flexibility, allowing them to bring in specialized skills as needed. It also lowers the risk associated with hiring and enables founders to evaluate different candidates before making a final decision as to the type of leadership they need.

Other benefits ......

  • Early-stage startups gain significant advantages by hiring fractional executives who bring substantial experience. They have extensive knowledge of the startup ecosystem and have successfully propelled startups forward in their previous roles. Their ability to anticipate and address various situations, drawing on their considerable expertise, makes them invaluable assets for emerging companies.
  • Engaging a fractional leader proves to be invaluable when the company faces internal challenges or unresolved personnel and technical issues that impede progress. To proactively address such problems before they become detrimental to the company’s future, it is beneficial to bring in an external leader who can accurately identify the underlying issues and propose effective solutions. Leveraging specialized expertise to resolve specific challenges can be critical to achieving success rather than encountering failure.
  • An external executive can be particularly valuable when exploring new products or markets. Their fresh perspective is beneficial before committing time and money to these ventures.

Why this may be important?

Experienced leadership can address unexpected challenges and improve the performance of a company so that it is attractive to employees as well as potential buyers. Fractional executives can set new direction, offer insights, foster the right atmosphere, and transform your business. Founders of life science companies often struggle with decision-making, and we can provide temporary leadership to help in these crucial moments.