FAQ

Frequently Asked Questions

10x-ers

What is a fractional 10x-er?

 In a nutshell: talent, supercharged. 10x is your gateway to fractional C-level executives and seasoned profesionals who are supported by 10x combining Talent, Tech, Tools and Team into one platform.

Fractional executives or professionals assist a company and share their expertise for a fraction of the time and set period.

10x fractional leaders and professionals have been on your journey before; experienced CFO, CMO, CCO, Director of IT, VP of Operations, Marketing Manager, Program Manager, Software Developer, Data Engineer at start-up, scale-up or incumbent companies. When they are 10 times better, we work with them.

10x-ers focus narrowly on key initiatives instead of getting sucked into day-to-day distractions. They are there to get the job done, providing the benefits of specialization at a fraction of the cost.

How To Request Access to 10x?

It is all about Experience and Mentality. 10x is and will always be an invitation only and member only community and platform.

STEP 1. REQUEST ACCESS

Create your profile and let us know why you think you are a 10x-er. Submit your profile, we will evaluate your submission and schedule a meetup to discuss 10x.

STEP 2. MATCHING

Based on what you love and the type of expertise and interest, our 10x matching engine and Community Manager will link you to relevant assignments and companies.

STEP 3. MEET THE MISSION

If you see a mission you love? Apply directly to join. We’ll set up an introduction meeting if required and handle everything for you. As simple as that!

STEP 4. SIGN & GO

Set your final rate for the assignment, sign the automated workflow documents and join the mission to deliver exceptional outcomes for our customers.

Which C-level executive roles are suitable for fractional leadership and why?

Many C-level executive roles are suitable for fractional leadership, as these roles typically require a high level of expertise and experience. Some of the C-level executive roles that are particularly suitable for fractional leadership may include:

• Chief Financial Officer (CFO): The CFO is responsible for the financial management of a company, including budgeting, forecasting, and financial reporting. This role typically requires a high level of financial expertise and experience, and can be well suited to fractional leadership.
• Chief Operating Officer (COO): The COO is responsible for the operational management of a company, including overseeing the day-to-day operations and ensuring that the company’s processes and systems are efficient and effective. This role may be well suited to fractional leadership, as it can provide experienced executives with the ability to help companies improve their operations without the commitment of a full-time position.
• Chief Marketing Officer (CMO): The CMO is responsible for the marketing and branding strategy of a company, including developing and implementing marketing campaigns and initiatives. This role requires a high level of expertise and experience, and can be well suited to fractional leadership, as it allows companies to access experienced executives on a part-time basis to help drive their marketing efforts.
• Chief Information Officer (CIO): The CIO is responsible for the technology and information systems of a company, including overseeing the implementation and management of technology solutions. This role requires a high level of technical expertise and experience, and can be well suited to fractional leadership, as it allows companies to access experienced executives on a part-time basis to help drive their technology strategy.

What are typical assignments for fractional C-level executives?

Fractional C-level executives typically take on a range of assignments, depending on the specific needs and goals of the companies they are working with. Some of the typical assignments that fractional C-level executives may take on may include:

• Providing strategic guidance and support: Fractional C-level executives may work with companies to provide strategic guidance and support, helping them develop and implement plans and initiatives that can drive growth and success. This may include activities such as market analysis, business development, and strategic planning.
• Overseeing key operational areas: Fractional C-level executives may also be responsible for overseeing key operational areas of a company, such as finance, operations, marketing, or technology. This may involve managing teams, implementing processes and systems, and ensuring that the company is meeting its operational goals and objectives.
• Supporting the CEO and leadership team: Fractional C-level executives may also work closely with the CEO and other members of the leadership team, providing guidance, support, and expertise to help the company achieve its goals. This may involve working on specific projects or initiatives, or providing ongoing support and advice to the leadership team.
• Providing expertise and guidance in specific areas: Fractional C-level executives may also be brought in to provide expertise and guidance in specific areas, such as financial planning and analysis, marketing strategy, or technology implementation. This can help companies access specialized expertise on a part-time basis, without the need to hire a full-time executive.

Fractional C-level executives can take on a range of assignments, depending on the specific needs and goals of the companies they are working with. These assignments may include providing strategic guidance and support, overseeing key operational areas, supporting the CEO and leadership team, and providing expertise and guidance in specific areas.

What is the average duration of a fractional assignment?

The average duration of a fractional assignment can vary depending on a number of factors, including the specific needs and goals of the company, the type of work the fractional leader is doing, and the availability of the professional or executive.

In general, fractional assignments may last anywhere from a few weeks to several months or longer. Some fractional assignments may be shorter-term and focused on specific projects or initiatives, while others may be longer-term and involve ongoing support and guidance for the company.

The average duration of a fractional assignment will depend on the specific needs and goals of the company, as well as the availability and preferences of the fractional professional. Companies should carefully consider these factors when planning a fractional assignment, and work with the 10x-er to develop a timeline and plan that is mutually beneficial.

What are the benefits for people in becoming a 10x-er for start-ups and scale-ups?

There are a number of benefits for people who become 10x-ers for startups and scale-ups. Some of the key benefits may include:

• The opportunity to work with a wider range of companies and industries, and to gain experience in different business models and market conditions
• The ability to work on a part-time and temporary basis, which can provide more flexibility and balance in their work-life schedule
• The opportunity to use their expertise and experience to help companies grow and succeed, and to be part of their success story
• The ability to earn additional income without the commitment of a full-time position
• The opportunity to continue learning and developing new skills, as working with startups and scale-ups often requires executives to be adaptable and flexible.

Becoming a fractional professional at 10x for startups and scale-ups can provide professionals with a range of benefits, including the opportunity to work with a wider range of companies, more flexibility, and the ability to continue learning and developing new skills.

Companies

What is the profile of a 10x-er?

Every fractional leader or professional at 10x is a seasoned and experienced C-level executive in their field. Whether a CEO, CTO, CMO, CCO, CPO or CHRO; all have had experience at a start-up or scale-up. Some 10x-ers have since exited their company or have handed over the day-to-day reigns to a management team. But rest assured – they have been in similar shoes like yours.

How do I sign up for a 10x membership?

If you want to start your 10x membership, you will be asked to answer a couple of questions. Your input is vital to help you pair up with the best 10x-er for you. We carefully vet all 10x Fractional leaders and professionals and only sign on those who have been on the ride you have been on before. They need to be able to hit the ground running and add value for you instantly.

What is the minimum membership term?

The minimum membership term is 3 months.

What are the costs of fractional services?

While fractional services can provide many benefits for startups and scale-ups, it also comes with some costs. Some of the key costs may include:

• Executive fees: Fractional professionals are paid a fee for their services, which can vary depending on their experience and the type of work they are doing. This can be a significant cost for startups and scale-ups, especially if they are bringing in multiple fractional professionals.
• Time and coordination: Managing a team of fractional professionals can take time and effort, as the professionals may not be in the office full-time. This can require companies to invest in coordination and communication tools, and to allocate staff time to manage the fractional team.
• Loss of institutional knowledge: Because fractional professionals are only working on a part-time and temporary basis, they may not have the same level of familiarity with the company and its operations as full-time employees. This can lead to a loss of institutional knowledge, which can be costly in terms of time and resources. Although a 10x-er is highly adaptable, brings a fresh perspective to the table and can most of the time move faster because of this.

The costs of fractional services can vary depending on the specific needs of the company and the number of fractional professionals they are working with. However, it is important for companies to carefully consider these costs and ensure that they are balanced against the potential benefits of fractional leadership and professional services.

What is the best process for a start-up or scale-up to match with a fractional professional?

The best process for a start-up or scale-up to select a fractional professional will depend on the specific needs and goals of the company, as well as the availability and qualifications of potential leaders. In general, the following steps may be useful:

1. Identify the specific needs and goals of the company: The first step in selecting a fractional professional is to identify the specific needs and goals of the company. This will help the company determine the type of fractional professional it needs, the skills and experience required, and the time frame for the assignment.
2. Research potential fractional professional: Once the company has identified its needs and goals, it can begin researching potential fractional pfofessional. This may involve conducting searches on job boards and social media, networking with industry contacts, and contacting fractional  services companies like 10x to inquire about their talent pools.
3. Review the qualifications and experience of potential professionals: After identifying potential fractional professionals, the company should review their qualifications and experience to ensure they are a good fit for the assignment. This may involve reviewing their resumes, conducting interviews, and checking references to assess their skills, expertise, and track record.
4. Select the best candidate: After reviewing the qualifications and experience of potential fractional professional, the company can select the best candidate for the assignment. This may involve considering factors such as the candidate’s experience, expertise, availability, and fit with the company’s culture and goals.
5. Develop a plan and timeline for the assignment: Once the company has selected a fractional professional, it should develop a plan and timeline for the assignment. This may involve setting specific goals and objectives, determining the scope and duration of the assignment, and establishing a schedule for meetings and communication.

The best process for a start-up or scale-up to select a fractional professional will involve identifying the company’s needs and goals, researching potential professionals, reviewing their qualifications and experience, selecting the best candidate, and developing a plan and timeline for the assignment. This process can help the company find the right fractional professional to meet its needs and achieve its goals.

What is the profile of a fractional leader or professional for start-ups and scale-ups?

The profile of a fractional leader or professional for startups and scale-ups will vary depending on the specific needs of the company and the type of expertise and experience they are looking for. However, in general, fractional leaders and professionals for these types of companies are typically experienced people who have a track record of success in growing and developing businesses.

Some of the key characteristics of a fractional professional for startups and scale-ups may include:

• A deep understanding of the industry and market in which the company operates
• Extensive experience in leadership and management, with a proven track record of success
• Strong strategic and analytical skills, with the ability to develop and implement effective business plans
• The ability to work well in a dynamic, fast-paced environment
• Excellent communication and interpersonal skills, with the ability to motivate and inspire teams
• A flexible and adaptable approach, with the ability to respond quickly to changing market conditions.

A fractional leader or professional for a startup or scale-up should be an experienced person who is able to provide the company with the expertise and guidance it needs to grow and succeed.

 

PROVIDING STRATEGIC GUIDANCE AND SUPPORT

10x-ers may work with companies to provide strategic guidance and support, helping them develop and implement plans and initiatives that can drive growth and success. This may include activities such as market analysis, business development and strategic planning.

OVERSEEING KEY OPERATIONAL AREAS

10x-ers are responsible for overseeing key operational areas of a company, such as finance, operations, marketing or technology. This may involve managing teams, implementing processes and systems, and ensuring that the company is meeting its operational goals and objectives.

SUPPORTING THE CEO AND LEADERSHIP TEAM

10x-ers work closely with the CEO and other members of the leadership team, providing guidance, support, and expertise to help the company achieve its goals. This may involve working on specific projects or initiatives, or providing ongoing support and advice to the (leadership) team.

PROVIDING SPECIFIC EXPERTISE

10x-ers are brought in to provide expertise and guidance in specific areas, such as financial planning and analysis, marketing strategy or technology implementation. This can help companies access specialized expertise on a part-time basis, without the need to hire a full-time executive.

What are the benefits of fractional leadership and professionals for start-ups and scale-ups?

Fractional leadership or professional services, also known as part-time leadership or professional services, is a way for start-ups and scale-ups to benefit from the expertise and experience of a senior executive without having to bear the full cost of hiring them on a full-time and/or permanent basis. This can be particularly beneficial for early-stage companies that may not yet have the resources to support a full-time executive team.

One of the key benefits of fractional leadership and professionals is that it allows start-ups and scale-ups to access a wider pool of experienced people who may not be interested in working full-time for a smaller company. This can be particularly beneficial for companies that are looking to bring in experienced executives and professionals to help them grow and develop.

Another benefit is that it allows companies to have more flexibility in terms of their leadership and team structure. With fractional leadership end professionals, start-ups and scale-ups can bring in executives or professionals on a part-time basis to fill specific roles or provide expertise in specific areas, rather than having to hire a full-time (executive) team. This can be especially useful for companies that are looking to quickly expand or pivot their business model.

Finally, fractional leadership and professionals can be a more cost-effective way for start-ups and scale-ups to access experienced executives and professionals. Because people are only working on a part-time or temporary basis, companies can save on salaries and other costs associated with hiring full-time and permanent executives or professionals. This can be particularly beneficial for early-stage companies that may be working with limited resources.

Fractional leadership and professionals can provide a number of benefits for start-ups and scale-ups, including access to a wider pool of experienced executives, more flexibility in their leadership and team structure, and cost savings.

Which industries benefit most from fractional leaders and professionals?

Fractional leaders and professionals can be beneficial for companies in a wide range of industries. However, some industries may particularly benefit from this approach to leadership, including:

• Technology: The technology industry is known for its fast-paced, dynamic environment, and fractional people can provide startups and scale-ups with the expertise and experience they need to succeed in this competitive market.
• Healthcare: The healthcare industry is complex and rapidly changing, and fractional professionals can help companies navigate the regulatory and business challenges they face.
• Retail: The retail industry is undergoing significant changes, and fractional team members can help companies adapt to new technologies and consumer trends.
• Manufacturing: The manufacturing industry is highly competitive, and fractional professionals and leaders can help companies improve their operations and stay ahead of the competition.

Basically, any industry that is experiencing rapid change or intense competition can benefit from the expertise and experience of fractional leaders and professionals.

What are the benefits of fractional leadership and professional services for investors in start-ups and scale-ups?

Fractional professional services can provide a number of benefits for investors in startups and scale-ups. Some of the key benefits may include:

• Increased chances of success: By bringing in experienced professional on a part-time and/or temporary basis, startups and scale-ups can access the expertise and guidance they need to grow and succeed. This can increase the chances of success for the company, and ultimately provide a better return on investment for investors.
• Cost savings: Fractional services can be a more cost-effective way for startups and scale-ups to access experienced executives and professionals. Because fractional professionals are only working on a part-time and temporary basis, companies can save on salaries and other costs associated with hiring full-time executives and professionals. This can be particularly beneficial for early-stage companies that may be working with limited resources.
• Greater flexibility: With fractional leadership and professional services, startups and scale-ups can be more agile and adaptable in their leadership and team structure. This can allow them to respond quickly to changing market conditions and take advantage of new opportunities, providing greater flexibility for investors.

Fractional services can provide a number of benefits for investors in startups and scale-ups, including increased chances of success, cost savings, greater flexibility, and better alignment of interests.

What are the key trends in fractional leadership and professional services?

The use of fractional leadership and professionals is growing in popularity, and there are a number of key trends in this area. Some of the key trends in may include:

• Increased demand: The demand for fractional services is growing, as more startups and scale-ups recognize the benefits of this approach to tackling the global talent crunch.
• Wider pool of people: The pool of experienced executives and professionals who are available for fractional roles is also growing, as more senior professionals are attracted to the flexibility and opportunities that this type of work offers.
• More specialized roles: Companies are increasingly using fractional people to fill specific roles or provide expertise in specific areas, rather than hiring full-time executives or professionals. This allows companies to be more agile and adaptable in their leadership structure.
• Greater use of technology: Technology is playing an increasingly important role in fractional services, with companies using online platforms and other tools to connect with professionals and manage their work.

The use of fractional professionals is growing and evolving, with companies increasingly recognizing the benefits of this approach to talent attraction and professionals seeking more flexibility and opportunities in their careers.

What does a fractional professional need in terms of support from a fractional services company?

A fractional professional may need a range of support from a fractional services company, depending on their specific needs and the type of work they are doing. Some of the key support that a fractional leader may need may include:

• Access to networks and resources: A fractional professional may need access to networks and resources that can help them succeed in their role, such as industry associations, professional development opportunities, and information and research on the market and industry in which they are working.
• Coaching and mentoring: A fractional professional may benefit from coaching and mentoring to help them develop their skills and knowledge, and to provide guidance and support as they navigate the challenges of their role.
• Communication and coordination: A fractional professional may need support with communication and coordination, particularly if they are working with a team of other fractional professional or with the company’s full-time professionals. This could include the use of online platforms and other tools to facilitate collaboration and coordination.
• Administrative support: A fractional professional may also need support with administrative tasks, such as scheduling, invoicing, and other tasks that are essential to their work but may not be directly related to their core responsibilities.

A fractional professional may need a range of support from a fractional services company, depending on their specific needs and the type of work they are doing. By providing access to networks and resources, coaching and mentoring, communication and coordination, and administrative support, a fractional  services company can help fractional professional succeed in their roles.