In some instances a fractional executive can serve primarily as a new set of experienced eyes and ears for your organization. You are down in the trenches every single day, and this new support can open your team to a whole new world of opportunities.
Having the right people at the helm of an organization and driving strategic decisions and operational approaches can be the difference between success and failure. One of the most important leadership roles for nonprofits is the Chief Operating Officer, or COO.
For smaller organizations, the idea of recruiting, onboarding, and compensating a new executive can feel overwhelming from not just a logistical standpoint but a financial one as well. Yet, the benefits remain undeniable. That’s why many small businesses and nonprofits choose an alternative route by considering fractional executive services.
A fractional executive is a short-term or part-time professional consultant who runs a portion of an organization’s high-level business operations. When partnered with an organization, a fractional executive could be hired to assume C-suite roles like COO, CTO, and CIO.
Fractional executives bring top-tier knowledge and expertise to organizations on a part-time basis, helping them with things like developing roadmaps, establishing long-term strategies, or implementing new initiatives.
Fractional executive services are a unique business concept where a nonprofit or for-profit company hires an industry leader. This fractional professional completes executive-level tasks, filling these roles in a specific, part-time capacity.
Nonprofits collect a lot of data during its daily operations. From contact information about donors and volunteers to reports on the organization’s financial health, the data available to analyze seems endless. Using a nonprofit technology helpdesk can help you collect some of this data.