Fractional Senior Managers
Growing a startup can be an arduous task that demands a multitude of skills and expertise, each critical at different stages of your business's growth.
However, with the heightened difficulty of securing growth capital in today's funding environment, discovering the right talent at the right price to drive business growth can present a daunting challenge for startup founders.
This is where Venture for Africa comes in. Our Fractional Senior Manager (FSM) Offering is a new solution designed to provide growth-stage teams with affordable, high-quality senior management expertise.
Working with Venture for Africa can give you access to a pool of highly experienced senior managers with a proven track record in their respective fields.
These managers can provide valuable insights and expertise to businesses looking to grow and expand, allowing you to benefit from their knowledge without committing to a full-time hire just yet.
Specialised
Support
Get specialized support for your company during a particular season or stage of growth, with experienced talent who can efficiently execute your most pressing needs.
Cost
Savings
By hiring a fractional senior manager, you can save 40-60% compared to a full-time hire. Fractional senior managers work for a limited period or on a specific project, making them less of a financial burden for your startup.
Benefits
Diverse
Industry Exposure
These managers will often have extensive experience in a range of sectors and industries. They’ll have held high-level roles, will have worked with executive teams, investors and boards and will have had significant exposure to all sorts of business challenges and issues.
Objective
Perspectives
Fractional leaders can evaluate your startup, establish partnerships, generate solutions, and help your business grow. They offer a fresh perspective and enable you to tackle tough challenges, execute your strategy, and accelerate growth.
Insights for
Future Recruitment
Having someone on board who can provide you with valuable insights drawn from their own experience may also help you plan for future recruitment and scaling.
De-risked
Hiring
Hiring senior roles takes time to find the right fit for your team. Using an FSM allows you some breathing space and time to find the right candidate, reducing the risk of making the wrong decision.
How It Works
Role Optimisation Call
An initial conversation with VFA to understand the details of the support you need
STEP 1
JD Build
We build out a job description for the engagement, with a primary emphasis on defining the scope and core deliverables.
STEP 2
Search and Shortlist
Top FSM candidates are sourced, interviewed and shortlisted to your VFA Partner dashboard.
STEP 3
Startup Interviews
We introduce you to your preferred FSM candidates for any additional interviews.
STEP 4
Embedding
Embed your FSM as deeply as you'd like into your team and get to work on delivering set goals
STEP 5
Pricing
Startup Partners pay VFA a fixed monthly fee for each month they engage the services of an FSM from the VFA community.
*The exact monthly compensation for the FSM will vary depending on the number of hours per week they are engaged.
FSM Compensation
$1500/month*
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for ~20hrs per week;
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Total compensation is payable in advance and prior to the commencement of each candidate’s engagement
Management Fees
25%
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VFA charges a management fee on top of the total compensation amount for each monthly FSM payment.