Part-time CEOs
Today, in this highly volatile market, almost all small enterprises need seasoned CEOs to support their fast technological upgradation, transformation, and growth but couldn’t afford it due to their limited resources. Here is the importance of hiring part-time CEOs for small enterprises. 
Part-time CEOs are best suited for potential small enterprises that don’t afford a full-time leader who can guide them with his knowledge and strategic leadership qualities. His skills can bring the same aura as an accomplished and experienced CEO would bring to the company. The charm of part-time CEOs.
Though CEOs are part-time in the small enterprise yet they function like the full-time CEOs in discussing the sales, marketing, growth strategy, revenue-related opportunities, managing strategic marketing events of the enterprise, conducting various workshops, and marketing audits- really worth it in small enterprises' growth strategy.

Benefits of hiring part-time CEOs.
Well, hiring part-time CEOs can be highly beneficial for potential small enterprises and startups. Because they can serve and professionalize the development,  growth strategy, and transformation process without increasing your overhead expenses.
They impart their knowledge, skill, and talent to your company and help you plan a long-lasting insight. They understand what metrics are key to a successful small-scale enterprise and startup.

The market is full of outstanding talent who has a leveraging thrust and significant experience to help small enterprises or start-ups but, they don’t want to take up a full-time position in small enterprises or change their locations. The basics of part-time CEO explain how hiring an experienced CEO impacts your clients hugely and potentially get your small enterprise or start up a meaningful position in the market. Moreover, it is an opportunity to work and learn under able leadership. The list of benefits of hiring a Fractional CEO is endless.
Experience: It enables your small enterprise or startup to work under skilled and vast experienced, and trained leaders. Part-time CEOs have been through problems you don’t even know of, and they have dealt with them in the past very well.
Scalability: Their experience and skills scale up your small enterprise or start-up faster. Your part-time CEO knows how to make the plan and how to execute it.
Trust or respect: As already discussed, CEOs are usually big names in the market. They are trusted for their past experiences and are reliable because of their problem-solving attitude. Investing in them is like getting advice from your seniors without putting your picket in danger.
Practicality: The founders cannot do everything on their own even if they are limited in their resources. They will always need a forced rank order for a better impact. part-time CEOs bring this kind of atmosphere to your enterprise or startup.
Guidance: Anyone can copy and paste from Google if the data is going up but there are hardly any people who can explain the reason behind it. Part-time CEOs are the guidelines that help can help you set a growth strategy and implement that.

Part-time CFOs 
A CFO is a senior executive person responsible for the company’s present condition in financial terms and managing the financial actions of the company. CFOs oversee all the financial operations of an organization, including accounting, financial reporting, tax, finance control, and business control. 
CFOs manage all aspects of financial matters and decision-making in enterprises. So, today, CFO is important even in a professional small business, for proper financial control and growth planning.  And for acceptance, transparency, and credibility among investors and lenders, CFO's role is big.

 
But, small enterprises cannot afford a full-time CFO- and no need for that.  Here is the importance of a part-time or virtual CFO to help small business owners to bridge the gap between finances, operations, and strategies. 
As a result of the 4IR's advanced technology, and digitalization, lacs of potential small enterprises in India have been repositioning or are in the midst of reconfiguring their business operations for future growth and efficiency. The role of the CFO is one essential factor in startups' and small enterprises' growth strategy setting and attempting to realign.

These small companies, however, lack the financial resources to hire a full-time CFO. As a result, they’ve been hiring part-time or virtual CFO to cover the void. Now that you know what is virtual CFO, and its role and importance in the future business world.
Part-time or virtual service of a qualified CFO can help the potential small business owners majorly focus on achieving the long-term growth goals, finance goals, and taking an affirmed and strong decision-making process.  Part-time/virtual  CFO helps the small enterprise in financial advisory, cash flow forecasting, Budgeting, Accounting policies and procedures, internal control, debt planning, finance administration, and enterprise management.

Part-time CMOs
A part-time CMO is a contract Chief Marketing Officer (CMO), retained on a part-time basis to provide executive marketing leadership for a growing business, especially small enterprises.
A CMO's primary mission is to facilitate growth and increase sales by developing a comprehensive marketing plan that will promote brand recognition and help the organization gain a competitive advantage.
Enterprises that are past the small-scale stage and entering the growth stage which means they getting out of the red for the first time. Therefore marketing shall be more focused to drive revenue into big.

Now needed for structure and sustainability for in-house marketing efforts. Trying new marketing methods and strategies for the first time and managing new marketing relationships. This becomes a lot to manage and no one has the skill set to understand what is truly effective. Here is the need and importance of a part-time CMO to lead marketing.

Part-time CMOs are part-time/ virtual CMOs who are paid less like an external consultant but are worked like traditional employees. Virtual CFOs have been doing this for years now CMOs also.  Virtual or part-time CMOs differ from normal marketing consultants because only part-time/virtual CMOs provide high-level traditional leadership for and collaboration with the marketing team. Even part-time or virtual they are visible and accountable leadership that your team can look to for direction. Marketing consultants and agencies can’t and don't have the insight to fix internal issues that prevent their strategy from being effective and they shouldn't. Part-time CMOs are a part of the company and have an insights of sales, marketing, financial, and executive teams to empower them to help fix the issues that were aforementioned which are unique to SMEs.

Part-time CMO's main objectives:
To create and imprint a concise and effective marketing strategy that is in line with the CEO's/management's goals are to build out and mentor the rising stars of the marketing team through hiring, training, and accountability.
Because part-time CMOs are temporary, the aim is to leave the company better than how the CMO found them. It is within their best interest to leave as much knowledge as possible as opposed to being relied on in the long term.

The reality of many SME’s which causes ineffective marketing are:
The founder usually started the company off their own skillset, decided to run a business of it, and got their first few clients from referrals or their network. Now that they are growth stage and have a bigger team, the sales need to come thicker and faster as the initial referrals have been met and the wider public isn’t acquainted with them to sell to yet.

There are more questions being asked to the marketing team on their activities and results achieved. They can't give clear answers because they weren’t trained or hired to do anything more than to complete tasks.
The CEO/owner decided long ago they that aren’t a marketer and don’t want to manage it. They just do it for now because no one else is. They are usually delivering the service, managing sales, or striving to be a true CEO.
There is a hodgepodge of different marketing activities going to see what sticks which sometimes ticks along on the surface but no one can explain or analyze or question it.

Despite having sales, the CEO wants to focus on digital/organic marketing to drive up revenue without driving it down. They have been doing social media intermittently and don’t know where to go next.  A good part-time CMO will be able to solve all these inefficiencies and more. And part-time CMOs affordable to small enterprises.

Part-time CTOs
The 4th industrial revolution is just on. Technology- AI, IoT, ML, VR, and Big data,  is dominating business environments. Production, marketing, customer service, supply chain, customer happiness, and whatever that most of the time an organization’s competitive edge is determined by the technological sophistication of their existing systems and protocols. Even the smallest of operations require technology—if not to maintain their leading edge, to make sure that they are not getting left behind in the dust by their competitors. 

This is where a Chief Technology Officer (CTO) becomes a major business requirement. A CTO performs a critical executive role inside an organization. He or she is responsible for understanding key business drivers, and technology requirements, and aligning technologies needed to meet all business goals and objectives. Sometimes, however, small businesses and organizations may not afford to keep a full-time in-house CTO, hence the emergence of virtual/part-time CTOs, who serve to solve the same issues as an in-house full-time CTO and lend his or her expertise so that the organization can be guided to the best technological solutions that will maximize business efficiency and competitive edge.

Today, a virtual or part-time CTO can be an invaluable part of any small business operation, ensuring the alignment of the organization’s IT strategies with the business's overall objectives. At the rate that modern technology is advancing, it is vital for small business owners to consider a more robust IT strategy and one that constantly adapts to changing technologies and advancing trends. This ensures business sustainability, progress, and competitiveness in this day and age of fast-paced tech advances.