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.
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question_answer ANECDOTE
From Deloitte To Matchmaker
Mike Malloy describes his path from Deloitte to running a sunglasses social enterprise, going bankrupt at 30, then rebuilding into nonprofit work and teaching at Georgetown.
He uses that history to explain why he loves connecting entrepreneurs and running Malloy Industries as a fractional executive matchmaker.
volunteer_activism ADVICE
Validate Fractional Fit With A Short Trial
Ask which specific business problem a fractional executive will solve and what dream outcomes look like a year from now.
Start small with a short trial (e.g., 10k/month for three months) to reduce hiring downside risk and validate fit.
volunteer_activism ADVICE
Set Communication Rules Upfront
Define clear communication protocols and deliverables before a fractional engagement begins, including reporting cadence and response expectations.
Address missed expectations immediately and agree how to reschedule or escalate to keep the relationship healthy.
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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§
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