Don't Just Trade Bosses: Start an Actual Business in Fractional Services

You have skills. You have experience. You’ve been a boss, and you know what it takes to get things done. Why not start your own fractional business? Fractional businesses deliver the same work product through systems and the help of admin or subcontractor support, allowing you to work at a higher or strategic level. In other words, you can run your own show without all of the headaches of doing the work you don't want to do. Sound interesting? Keep reading!

When starting a fractional business, you have 2 choices to make. You can either sit in the conference room or on the client site and do the work yourself or you can create systems and build teams that will enable you to deliver your services quickly and efficiently.

Systems can include everything from setting up an automated workflows to creating processes for delegating tasks. Automated workflows can save time by automating mundane tasks such as scheduling emails, managing customer data, and tracking project progress. Processes should be established for delegating tasks so that everyone involved knows their role in the process and what they need to do in order to complete the task successfully.

And this leads to my next point about how you can create something different than a J-O-B with fractional services. Draw from your corporate experience and build your own team to help with the client transformation. This can be an effective way to leverage your expertise and create a successful outcome for everyone involved. It is important to ensure that the team members understand their roles and responsibilities so they know what is expected of them during the transformation process.

Reimagining how you deliver work offers you more time to find clients while making your solution scaleable.

Networking is a great way to find leaders who need your fractional services and professionals who can add value to your solution. It allows you to connect with people in the same industry, get referrals, and build relationships that could lead to future business opportunities. You should also make sure you are attending events relevant to the industry so that you can meet new contacts face-to-face. Stay in touch with current contacts and former professional colleagues; follow up regularly on conversations via phone calls or emails and stay connected on social media platforms like LinkedIn. You can snag our free guide here that will show you how!

Fractional businesses can provide an incredible opportunity for entrepreneurs to leverage their experience, create systems and processes that save time and resources, build a team of experts who understand the client’s needs, and network with others in the same industry. By following these strategies, you will be able to deliver amazing work product quickly and efficiently while also finding new clients through relationships.

The business model of fractional offers huge potential for those seeking more flexibility in how they manage their career. So don't just trade bosses - start your own fractional business today!