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 […]
When "Fractional" Doesn't Cut It When we sat down and thought about how to market our business, we were hesitant to call it a "Fractional CFO Group". It's a commonly used phrase. There are hundreds of firms in the Tampa Bay area characterized as "fractional". But, it bothered us. Because, "fractional" just sounded so...hollow. So […]
Building a Robust Financial Strategy Strategy. A plan or course of action designed to achieve a specific goal or objective. Providing a roadmap for decision making, guiding the organization’s actions. The Many Strategies of an Organization Organizations have many strategies. So many strategies. Because different aspects require focused attention and specific approaches to achieve success. […]
People often talk about strategic alignment. About ensuring that an organization’s goals and objectives are in line (nay, “lign”) with its overall strategy. And that all aspects of the organization’s operations are working harmoniously to achieve said goals. Basically, aligning the mission, vision, values, and strategy with culture, structure, processes, and people. Critically important, ensuring […]
Some people call them dreamers. Others call them disruptors. They're the ones who watch the wind. Then tilt their head and smile. And then tell the wind how it should blow. What changes it should make to be better. To be faster. And to be stronger. And then, the wind shifts. And it is better. […]
