Looking for the right leadership model for your business? Fractional, Outsourcing, or BPO (Business Process Outsourcing) each comes with its own benefits and challenges. How do you choose the best fit? And what does it take to make these approaches successful?
In this episode of The RevOps Show Doug and Jess explore the key differences and surprising similarities between these models. They explain why companies might opt for them over full-time hires, and share tips to ensure success with each.
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Show Notes:
Editor's Note:
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Pre-Show Banter:
- Jess is very excited to see Wicked. She has tickets to see it early before the actual release date. She is concerned that she’s going to be disappointed in the movie.
- Doug brings up that Friday Night Lights may be rebooted. Jess doesn’t know how she feels about this.
Main Discussion Points:
- Defining the Models: What exactly are fractional, outsourcing, and BPO leadership models?
- Fractional: Hiring an executive level talent as a part-time leader to provide high-level expertise on a flexible basis.
- Outsourcing: Having an external party take care of processes.
- BPO (Business Process Outsourcing): A fuller, more robust outsourcing that has more strategy involved.
- Similarities across the Models: These approaches share benefits like lower costs, quicker solutions, and access to prebuilt expertise, making them appealing alternatives to traditional hiring.
- Key Differences: Ranging from the level of commitment and customization required to their strategic focus and scalability, Doug and Jess unpack what sets these models apart.
- The Full-Time Dilemma: Why wouldn’t a company simply hire someone full-time? The discussion delves into the advantages of flexibility, cost-effectiveness, and target expertise these models offer over traditional employment.
- Ensuring Success: Doug and Jess provide actionable tips to maximize the impact of these leadership models.
Jess’s Takeaways:
- It really comes down to juice for the squeeze. Fractional gives you more capability and skill set at a lower cost. Outsourcing and BPO also gives you those things in-depth, but it doesn’t mean you get more people. It means you get more capability.
- The prime directive - the business process must drive hiring your people/deployable resources as much as it applies to hiring technology.
Next Steps:
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Coming Soon: Episode 106!