This episode of Fractional Futures explores what personal changes are required by those transitioning into a fractional career including developing resilience.
Fractional Futures Introduction
Fractional Futures delves into the transformative world of fractional marketing leadership, offering unique insights for CEOs, investors, and senior marketing executives. Discover how businesses can leverage fractional CMOs to grow faster and build a sustainable competitive advantage. Investors will learn how to streamline pre- and post-investment phases strategies to maximise their portfolio companies' potential, while senior marketing leaders will explore the benefits of a portfolio career and how to excel as a fractional CMO. Hosted by industry experts, each episode features thought-provoking discussions, success stories, and practical advice, making 'Fractional Futures' an indispensable resource for those looking to navigate the evolving landscape of marketing leadership. Available on Spotify, Apple Podcasts, and more.
Episode Summary
In this final episode of Fractional Futures, Paul Mills and Dan Gwalter discuss common pitfalls associated with a portfolio career. They cover topics such as identifying growth traps, maintaining quality while scaling a service, financial management, planning for growth, and staying ahead of industry trends. Dan emphasizes the importance of finding time to build your brand and nurture relationships, rather than dedicating 100% of your time to one client. He also advises knowing your ideal client profile and being selective in order to avoid overcommitting. Paul and Dan also discuss the challenges of managing sustained growth and future-proofing your career in a competitive market.
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Chapters
00:00 Opening Titles
00:58 Introduction
02:17 Growth Traps
06:48 The Importance of Value-Based Services
08:18 Maintaining Quality While Scaling
11:39 Financial Management and Planning for Growth
14:38 Staying Ahead of Industry Trends
15:06 Future-Proofing Your Career
17:55 Closing Summary
18:53 Dan's Fractional Formula
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Key Takeaways
- Identify growth traps in a portfolio career and find time to build your brand and nurture relationships.
- Know your ideal client profile and be selective to avoid overcommitting.
- Maintain quality while scaling a service by prioritizing incumbent clients and developing processes to manage multiple clients simultaneously.
- Future-proof your career by creating value-based products, developing a safety net option for existing clients, and staying focused on your core offer.
- Stay ahead of industry trends by selectively pivoting and avoiding overloading your offering with too many skills and capabilities.
Host & Guest Information
Host - Paul Mills, CEO & Founder VCMO
Guest - Dan Gwalter, Founder No-Nonsense Leadership. Dan has kindly offered a complimentary 30 minute consultation to anyone who wants to know more about his fractional executive coaching service. You can book using this link.
About VCMO
VCMO helps SMEs and portfolio companies with the high-level marketing leadership they need to grow and succeed across the full business lifecycle. Its roster of highly accredited Fractional Chief Marketing Officers brings the expertise, strategy and execution to transform marketing potential into a competitive advantage that delivers predictable revenue and sustainable growth.
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