Small businesses typically grow organically – their valued products and services being behind their growth. However, in many cases, taking a business to the next level requires adding experience and expertise to the team.

But, not necessarily on a permanent full-time basis. Enter the interim, or contract, executive.

Contract employees are often thought of as a money-saving way to fill a lower level position or to complete a specific job or task (think of the freelance writer or freelance graphic designer). The truth is that there’s no reason you can’t apply this same cost-saving technique to executive positions.

As such, many companies – big and small – are increasingly turning to this option when they need to add high-level talent on an as-needed basis, rather than increasing the head count in their C-Suite and the strain on their payroll.

Think about it. A contract executive can swoop in and hit the ground running by applying his or her expertise to a particular area of your business at a fraction of the cost of hiring a full-time executive.

Contract executives can take on the role of CTO, CFO, Marketing Director and much more. And they offer their services for a whole range of assignments, such as, restructuring, entering a new market, implementing technology changes, developing a leadership succession plan, growing the business and even preparing to sell the business.

This staffing solution also has the built-in bonus of creating a mentoring atmosphere in the workplace because internal full-time staff is exposed to the leadership and expertise of someone with senior-level experience and wisdom.

Hiring a contract executive to fill an immediate need is a solid business practice, allowing companies to remain fluid and nimble as they address change and challenges.

Share this

Latest Insights

Recent posts from our blog

How to plan for seasonal variances in your cash flow

Have you noticed unexpected seasonal variances in your company’s cash flow? If your business is seasonally-based (a lawn care or snow removal company, for example), it’s normal for your cash flow to vary depending on the time of year. Unfortunately, many companies who shouldn’t be affected by the seasons still experience peaks and valleys in […]

Organizational growth and restructuring: Is your business ready to take the next steps?

Are you planning to take your business to the next level? Before you start growing your company, you need to ensure that your organizational structure is prepped for this major shift. Don’t just jump in head first – make sure you follow our key prep tips to keep your growth sustainable and successful.   3 […]

Do you have a file you need to send to us? Would you like to make a payement?