Already have a permanent, full-time CFO, but need some additional assistance? Believe it or not, that's not entirely uncommon. Consider these key points to better determine if a Fractional CFO makes sense for your organization: Specialized Expertise Is your business facing a specific challenge or a project that requires specialized expertise (e.g., fundraising, mergers and […]
Why Your Balance Sheet Deserves Attention I get it. You might not want to talk about your Balance Sheet. It's not incredibly exciting. And it's not what people typically want to talk to you about. They usually just want to talk about your Revenue. Maybe your margin. If they're really sophisticated, maybe they want to […]
Wait, what?! Fractional CFOs have expectations for their clients?!?! Why, yes. Yes, we do. Fractional CFOs typically expect a collaborative and well-prepared environment from their clients to effectively fulfill their roles. Here are some common expectations that Fractional CFOs may have of their clients: Clear Business Goals and Objectives Fractional CFOs expect clients to have […]
The duration for which you engage a fractional CFO can vary and depends on the specific needs and circumstances of your business. Fractional CFO engagements are often flexible, and the arrangement can be tailored to meet the requirements of your company. Here are some common scenarios: Project-Based Engagement You might hire a fractional CFO for […]
Your Fractional CFO should be highly skilled, experienced, and knowledgeable in a wide range of business topics. Their expertise should allow them to navigate complex financial challenges, provide strategic guidance, and contribute significantly to the financial well-being of your business. Most Fractional CFOs provide a wide range of financial services and strategic guidance, with engagements […]
No, they're not. While they do share a common role as financial experts providing part-time or project-based CFO services, there are often significant variations in their backgrounds, expertise, industry knowledge, and approaches to financial management. Here are some factors that can contribute to the differences among fractional CFOs: Industry Specialization Fractional CFOs often specialize in […]
In 2022, Americans started more than five million new businesses, the second highest number ever! Not terribly surprising, though, as our culture so highly values entrepreneurship, with many in hot pursuit of the “American Dream”. As an entrepreneur, you are a visionary - charting your own path in the marketplace. Of course you're brilliant. And […]
When you start a new business, initially, it’s up to you to wear all the hats. From baseball cap to cowboy hat, or - from sales, operations, and customer relations to financial planning and everything in between - all business decisions are yours to make. But as your company grows, you’ll need to build your […]
The Evolving Role of the CFO: Beyond Numbers and Budgets CFO. Chief Financial Officer. Not widely popular, as many folks still think of the stereotypical CFO. The "traditional" CFO, who had a very narrow view in their role as a financial expert. Someone who focused solely on the financial aspects of the organization. Relegated to […]
Do You Need a Fractional CFO for Your Organization? In today's rapidly evolving business landscape, organizations face numerous financial challenges that require strategic guidance and expertise. Traditionally, hiring a full-time Chief Financial Officer (CFO) has been the go-to solution for companies seeking comprehensive financial leadership. However, emerging as a cost-effective alternative, fractional CFOs are gaining […]
