A New Business Model: Fractional Work
More Than Just Support In the ever-evolving business landscape, the concept of fractional work is gaining momentum. Unlike traditional consultancy…
More Than Just Support In the ever-evolving business landscape, the concept of fractional work is gaining momentum. Unlike traditional consultancy…
In the ever-evolving business landscape, the concept of fractional work is gaining momentum. Unlike traditional consultancy or project-based engagements, fractional work is about strategically filling gaps in a business’s operations, offering affordable and flexible solutions tailored to specific needs. At Mike D Advisory, our business model is designed around this innovative approach, aiming to provide accessible, high-quality services that align with our clients’ budgets and objectives.
Recently, I encountered a situation that perfectly illustrates the essence of fractional work. When I needed a service, I wanted to update my website, and the quotes I received were astonishingly varied. They ranged from a staggering $35,000 for a comprehensive refresh to $1,500 for a basic site new build. However, my budget was $1,000. Many providers either presented their standard solutions without listening to my specific needs or were over my budget.
After an extensive search, I finally found a team that could deliver within my budget. While it was a simplified version of my vision, it met my needs without exceeding my financial constraints. This experience underscores a common challenge in business: the fear of sharing budgetary constraints for fear of being taken advantage of, they will bill me my budget amout, the reality however is often services and goods cost more then expected. However, it also highlights the importance of finding partners who are willing to listen, collaborate, and innovate within the given scope and budget.
Fractional work is not just about providing support when needed; it’s about being strategic and even surgical in addressing business needs. Here’s how this model benefits clients:
At Mike D Advisory, we are committed to meeting clients where they are. Our approach to fractional work is grounded in the following principles:
Fractional work is more than just a stopgap measure; it’s a strategic approach to business that offers flexibility, affordability, and customization. At Mike D Advisory, we are dedicated to providing services that fill the gaps in your operations, delivering high-quality results within your budget. By listening to your needs and collaborating closely, we ensure that our solutions are not only effective but also aligned with your long-term success.
Whether you need a specific project completed or ongoing support, we are here to meet you where you are. Let’s collaborate, innovate, and achieve great things together – all within your scope and budget.
Contact Mike D Advisory today and take the first step towards a more strategic and cost-effective approach to your business needs. mike@mikedieterich.com