Not long ago, fractional executives were an edge case—temporary operators invited to fill a short-term gap at the leadership table. But what started as a cost-savvy strategy for cash-conscious startups is now a mainstream, strategic move for companies and executives alike.

Fractional leaders are self-employed individuals who are focused on solving specific challenges. They offer domain expertise and the ability to move quickly inside of shorter decision-making cycles. They’re perfect for businesses that need senior-level strategic thinking—but not necessarily for forty-plus hours a week.

(It’s also worth distinguishing between interim and fractional leadership. Interim executives typically function as temporary replacements, stepping into full operational ownership during a personnel transition.…