The fractional movement, which involves individuals working part-time in core business functions, is gaining popularity among senior executives looking for flexibility and stability in their careers. This career choice allows professionals like Jason Voiovich and Karina Mikhli to have a diversified career portfolio while enjoying the work they do. However, fractional working is not suitable for everyone, as fractionals must run their business independently and excel at efficiently managing their time across multiple clients. The transition from the corporate world to solopreneurship often presents a steep learning curve for senior leaders.
To determine if pursuing a fractional career is the right path for them, aspiring fractionals should consider if they have the right mindset, expertise, and readiness to be a solopreneur. Fractionals must adopt a learning and giving mindset and see themselves as catalysts for change in the organizations they work with. They need to have a deep understanding and hands-on experience in their chosen domain to succeed. Transitioning to solopreneurship also requires individuals to maintain consistent workflow and develop sales and business development skills, which are not traditionally emphasized in corporate roles.
Understanding and articulating expertise is crucial for success in fractional work. Fractionals must possess tangible experience in the domains they intend to manage and articulate their unique value proposition. Venturing into solopreneurship requires adaptability and the ability to switch contexts between various tasks and clients in different industries. The responsibility for managing one’s time effectively and diligently becomes paramount as a solopreneur. Embracing the unique challenges and opportunities of fractional work requires a blend of self-awareness, specialized skills, and adaptability.
The fractional movement is gaining popularity among senior executives who are opting for self-employment for a diversified career portfolio. The role of a fractional leader is different from that of a consultant and requires a specific mindset and skill set to succeed. Individuals considering a transition to fractional work must understand their expertise, articulate their unique value, and be ready to embrace solopreneurship. Developing sales and business development skills, maintaining a consistent workflow, and adapting to different tasks and clients are crucial for success as a fractional leader.
