From Sales to Strategy: How Fractional Executives Propel B2B SaaS Companies with Mike Malloy
May 24, 2024
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Mike Malloy, Founder and CEO of Malloy Industries, discusses the importance of fractional executives in scaling businesses, workforce planning, balancing strategy and execution, and the need for transparent communication. He shares insights on transitioning from consulting to entrepreneurship and the impact of fractional executives on sustainable growth.
Fractional executives add value by balancing strategy and execution in businesses.
Workforce planning is crucial for aligning resources with business strategy and ensuring sustainable growth.
Deep dives
Introduction to Mike Maloy's Background and Business
Mike Maloy, the founder and CEO of Loloie Industries, runs a fractional executive matching firm helping grow stage companies find fractional executives focusing on B2B SaaS. His journey includes experiences from bankruptcy to building successful ventures, emphasizing the value of fractional executives in various business aspects and the importance of strategic workforce planning.
Educating CEOs on Fractional Executive Benefits
Mike educates CEOs on leveraging fractional executives by addressing specific business problems with tailored expertise, emphasizing the importance of aligning goals and outcomes. He highlights the value of clear communication, transparent expectations, and the active involvement of fractional executives in executing strategies for business growth.
Focus on Strategy Execution and Flexibility in Workforce Planning
Mike emphasizes the balance between strategy and execution in business projects, outlining the importance of understanding current processes and swiftly transitioning to actionable steps. He underscores the significance of flexibility in workforce planning, closely aligning resources with business needs and providing customized solutions based on the company's financial capacity and objectives.
π§ Ready to dive into the latest episode of The Fractional Edge podcast? In this episode, hosts Carol Frazier and Laurie Barlev are joined by guest Mike Malloy, the founder and CEO of Malloy Industries, a fractional executive matchmaking firm. Mike shares his journey from consulting to entrepreneurship and adjunct professorship, highlighting the importance of fractional executives in scaling businesses.
π Mike dives deep into workforce planning and the role of fractional executives in supercharging businesses. π₯ He emphasizes the importance of clear and transparent communication between fractional executives and companies, the significance of balancing strategy and execution, and the need for workforce planning for sustainable growth.
Key Timestamps π [00:01:39] - Guest Introduction: Mike Malloy Mike Malloy shares his background and the focus of his company, Malloy Industries. [00:04:29] - Transition from Consulting to Entrepreneurship Discussion on Mike's career transition influenced by the COVID-19 pandemic and starting his own business. [00:11:04] - Balancing Strategy and Execution Discussion on how fractional executives balance strategic planning with practical execution in client businesses. [00:18:15] - Workforce Planning Discussion Discussion on the importance of workforce planning in alignment with business strategy and goals.
π§ Tune in to gain insights on workforce planning, the role of fractional executives, and strategies for business growth. If you're a CEO, entrepreneur, or business leader looking to optimize your workforce planning and leverage the power of fractional executives, this episode is a must-listen! π§