Use a fractional CEO to focus your startup
By Christopher Peak - SVP of Retail Development - ACV Consulting
Joining a startup retail company as a fractional CEO, is an exciting opportunity to bring agility, foresight, and growth strategies to a brand right from the starting line. My main objective is always to build a robust foundation of retail and brand-building strategy, broken into actionable steps that keep us moving, make us attractive to investors, and set us up for sustainable growth.
In the initial stages, the effort goes into developing a compelling narrative about the company's value proposition and potential. This narrative will obviously need to be supported by a clear business plan, realistic financial projections, and strategic milestones, reassuring stakeholders about our path to profitability. However, that honed value prop narrative is what creates momentum in the market.
The next step is to bring focus to the team, which typically, until that point, has been driven by momentum and creativity. I work to guide that energy into a culture of innovation, flexibility, and resilience, creating an environment where creative solutions are paired with operational excellence, and successfully managing goals is the norm.
Initiating a series of early wins is a crucial part of my approach, whether it's a successful product launch, establishing an initial sales channel, finding a strategic partnership, or initiating a targeted marketing campaign. These victories are proof of concept and a beacon to attract more funding, talent, and industry attention.
All of these efforts are very feasible in the early stages of the company within the fractional support timeframe. Dedication of two days a week to guide the brand allows for strategic work, focus, and valuable experience without incurring the full-time CEO costs. It's about making a meaningful impact and steering the company towards success.
What can a fractional CEO do for you?
Using a fractional CEO offers a multitude of strategic and operational benefits to a brand just starting its retail journey. Here are some of the areas of focus and leadership I bring to the table when I work as a fractional CEO;
strategic vision development:
Crafting a long-term strategic vision that aligns with the company's goals and market opportunities.
investor relations and fundraising:
Building compelling narratives for investors, creating investor decks, and leading fundraising efforts to secure capital.
retail concept innovation:
Developing and implementing new retail concepts, including pop-up store strategies and experiential retail environments.
market viability audits:
Performing detailed market and viability audits to assess the potential for success and areas for improvement.
operational excellence:
Streamlining operations for efficiency, setting up scalable processes, and ensuring operational excellence.
brand positioning and launch:
Positioning the brand effectively in the market and orchestrating a successful launch.
product development oversight:
Guiding product development to ensure offerings meet market demands and enhance the brand's value proposition.
team leadership and culture development:
Fostering a culture of innovation, resilience, and flexibility within the team.
customer experience enhancement:
Enhancing the customer experience both in-store and online to build brand loyalty and customer engagement.
business plan formulation and execution:
Developing a clear and realistic business plan with financial projections and strategic milestones and leading its execution.
Under my leadership, Akoio, a transformative hearing health retailer preparing for a friends and family round of funding, underwent a strategic transformation. We started with a comprehensive retail concept overhaul. This included devising an innovative pop-up store and online retailing strategy to create meaningful customer experiences and conducting a thorough viability audit through an ACV Retail Discovery workshop. Read more
About Christopher Peak
Christopher has provided transformational leadership in retail development for decades, leading global retail brands Universal and Apple and guiding startups with creative strategies and programming. He provides fractional leadership and retail strategy to global brands and innovative startups through ACV Consulting.
Boost Your Startup With a Fractional CEO
BOOK a discovery call with Christopher Peak
Level 1: Engaged - Will serve as fractional CEO 10-20 hours per week. Deliverables include an audit of the team/processes, 1-year marketing & retail development plan recommendations, daily and weekly team leadership, partner management, and a 3-month minimum commitment. $15K-$30K/month
Level 2: Half-Day Strategy Session - 4-hour session to tackle key retail challenges or map out the annual strategic plan. Includes a 7-day prep period via email. Deliverables include a development punch list, identification of blindspots, and a 1-6 month roadmap for key initiatives. $5K-$7K one-time fee
Level 3: Continuous Advisory - available for quarterly planning and bi-weekly sprint calls 2x per month. Unlimited email correspondence and advice for the executive team. $3K/month