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I get asked this question frequently when speaking to others in the business consultant space or with potential clients. What are the differences between a fractional executive and a consultant?

Fractional executive services and consultants are two different types of professionals that can help businesses achieve their goals. Fractional executives are typically hired for ongoing, part-time leadership roles, and tend to be more hands-on. They take an active leadership or management role in the company that hires them, implementing changes and leading the organization just as their permanent counterpart would. On the other hand, consultants usually provide specialized services for short-term tasks, such as building a sales or marketing plan.

When it comes to fees, consulting fees are typically structured differently than fractional executive fees. Consulting fees are usually charged on a project basis, while fractional executive fees are charged on an hourly or flat fee basis tied to a minimum number of hours per week or month. There are several different fee models that you can employ as a fractional executive, such as an hourly rate or a flat fee tied to a minimum number of hours per week or month dedicated to the client.

Both options can be advantageous to small and medium companies not quite ready to hire a full time executive or team member but need the injection of expertise now.

We can help you with that decision with a free consultation today.