A fractional CEO, also known as an interim CEO, is a professional who works part-time or on a project basis as the CEO of a company. Fractional CEOs are typically hired by businesses that may not have the time or resources to hire a full-time CEO or require temporary leadership during a transition period.

Fractional CEOs bring a wealth of experience and expertise to a business without the long-term commitment and high cost of a full-time CEO. They can provide strategic guidance, leadership, and decision-making skills to help a company achieve its goals and overcome challenges. They may also have specialized expertise in a particular industry or function, such as finance, marketing, or operations, that can help a business improve its performance and competitiveness.

Some of the benefits of hiring a fractional CEO include:

1. Cost savings: Hiring a full-time CEO can be expensive, particularly for small and mid-sized businesses. Fractional CEOs offer a cost-effective solution by providing high-quality leadership at a fraction of the cost.
2. Flexibility: Fractional CEOs can work part-time or on a project basis, allowing businesses to adjust their leadership needs based on changing circumstances.
3. Experience and expertise: Fractional CEOs typically have a wealth of experience, expertise and relationship they bring to a company. This can help a business make better decisions and achieve its goals more effectively.
4. Objectivity: Fractional CEOs can provide an objective perspective on a business’s strengths and weaknesses, which can help identify areas for improvement and growth.

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Overall, a fractional CEO can offer significant value to a business by providing leadership, expertise, and guidance at a cost-effective price point. If you would like more information about a Golding Group expert acting as your fractional or interim CEO/CMO, please contact us.