In today's challenging business environment, small to medium-sized enterprises (SMEs) are up against some significant obstacles, including potential tariffs, high interest rates, inflation, and new corporate taxes. As an entrepreneur, ex-corporate marketer, and now consultant/Fractional CMO for SMEs, I understand the anxiety that uncertainty creates. For us resourceful business leaders, embracing a lean startup mentality is crucial. This means quickly adapting to technological advancements like Artificial Intelligence (AI), and staying attuned to our customers’ evolving needs. However, our teams often struggle to maintain the agility required to balance mid- to long-term strategic planning with the immediate demands of growing the business, all while dealing with increasing financial pressures.
In a former role as head of marketing for a $15MM consumer packaged goods brand, I was tasked with expanding our presence beyond boutique retail distribution and accelerating our e-commerce efforts. By refining our brand positioning, boosting e-commerce sales threefold in the first year, and building a team aimed at omnichannel growth, we made significant strides. Yet, despite these successes, my marketing budget was constrained by fixed marketing overhead costs. This experience, within the context of today’s business environment, led me to believe that many SMEs could greatly benefit from a fractional-led marketing approach.
|
Team Structure |
Annual Marketing Team Cost |
Annual Working Marketing Budget* |
|
Traditional Internal Team Structure
|
$895K |
$1.2MM
|
|
Fractional CMO-Led Team Structure
|
$535K (40% Savings) |
$1.56MM (30% Increase) |
If you are feeling uncertain about the complexities of today's business environment, consider exploring the benefits of a fractional-led marketing approach, even if you start on a Fractional CMO consultative basis. By adopting this model at a pace that suits your business, you can take measured steps toward improving organizational agility and achieving profitable growth. This strategy empowers you to navigate the ups and downs of an uncertain market while allowing you to maintain focus on what truly matters, driving your business forward.
Contact us at jclark@vantagebrandstrategy.com or schedule a consultation call today.