The Benefits of a Part-Time Director to an SME
In recent years, there has been an emerging breed of part-time Directors in many different disciplines e.g. Finance, Sales, Marketing, Operations etc. These individuals offer a very affordable route to a person with the relevant pedigree and skills, knowledge and experience to really add value to the SME.
Some of the benefits of engaging a part-time Director are:
- Technical/Sector expertise
- Trusted Adviser
- 2nd Opinion/Sounding Board
- Business Acumen
A part-time Director brings an accountability to the business owners, a rigour and discipline to the way the business is run, its systems and its processes. They bring objectivity, challenging questions, ensuring decisions taken by the owners have been fully thought through and alternative options considered. The part-time Director ensures the owners and management team remain focussed on the key deliverables and don’t just drift.
They become the trusted advisor, often with a seat on the board or a place on the management team, or just mentoring the owner.
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