Fractional Leaders: Giving Small Businesses a Leg Up (Emily Britton-Arnold)
Behind the scenes of small businesses all over the world, is a movement that is changing the face of executive leadership. Fractional C-Level management is here to stay and is growing at an accelerated pace. What does this mean for small businesses? For the first time, small businesses can hire a C-Suite leader without the revenue to carry a full-time salary. Let’s peek at the numbers. I’m a Fractional Chief Operating Officer. A full-time Chief Operating Officer can cost a company around $350k per year or more depending on experience and industry. A Fractional Chief Operating Officer will cost roughly 1/4 of that (not to mention the cost savings of benefits). The benefit a small business, especially a startup, reaps from the rewards of having a Fractional Chief Operating Officer on staff is innumerable and vastly outweighs that cost. You’re bringing top-notch leadership and strategy into your business—the same leadership and strategy that a company with 10x...