FAQs: Is an Interim or Fractional CEO a Good Fit for My Company?

When we started matching companies in need with skilled interim executives 15 years ago, the main question people asked was: Why would an executive choose this career path? There’s absolutely no job stability. 

Fast forward 15 years. Now we’re in a gig economy. The idea that you can get specialized expertise for what you need right now is expected and common.

Despite that, questions remain. In this interactive webinar, InterimExecs CEO Robert Jordan and President Olivia Wagner go through the most frequently asked questions they hear from company owners, directors, investors, and managers. Or, if you prefer, scroll down for a written summary.

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When is a Fractional Hire the Right Choice for a Company?

In years of pairing executives with companies in need, we have learned that there are times when full-time is too much time. That’s when companies benefit from choosing a fractional executive. It’s a way to get top-notch skills for a fraction of the time at a fraction of the cost of a full-time hire.

On a webinar, InterimExecs CEO Robert Jordan laid out the 5 situations when hiring executives on a fractional basis makes the most sense for companies:

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What is a Fractional Executive and When Does it Make Sense to Hire One?

Fractional executives are the hottest thing in the C-suite. Once a rarity, fractional executives have gone mainstream, especially since the pandemic. Companies across the spectrum, from start-ups to Fortune 500 firms, are considering hiring fractional or part-time executives.

During a webinar, InterimExecs CEO Robert Jordan took a look at the trend and some situations when a fractional leader might make sense for your company.

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CFO Advice: How to Protect Your Business Bank Accounts

Protecting your corporate or small business bank accounts from the possibility of a bank failure seems like one of those worries that shouldn’t keep a small business owner or C-suite executive up at night.

Then came the failure of Silicon Valley Bank. And Signature Bank. And the rescues of First Republic Bank and Credit Suisse.

Jamie Dimon, the Chief Executive Office of JPMorgan Chase who rallied big banks to rescue First Republic, said in his annual letter to shareholders that it ain’t over yet. Even when the current crisis ends, he wrote, “there will be repercussions from it for years to come.”

Suddenly, a good night’s sleep is just as much at risk as your company’s cash. 

So we asked four of our RED Team CFOs to share their advice about how small business owners and executives at lower middle market and middle market companies can protect their business bank accounts in an uncertain banking environment where the next bank failure is as close as the next viral tweet that sends depositors scrambling to make immediate withdrawals.

Please note that these experienced CFOs offered advice based on their personal opinions – it should not be considered tax or legal advice. 

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