{"id":14492,"date":"2023-03-26T17:09:20","date_gmt":"2023-03-26T06:09:20","guid":{"rendered":"https:\/\/thebooksitters.com.au\/?p=14492"},"modified":"2023-01-31T12:03:50","modified_gmt":"2023-01-31T01:03:50","slug":"what-is-a-fractional-cfo","status":"publish","type":"post","link":"https:\/\/thebooksitters.com.au\/what-is-a-fractional-cfo\/","title":{"rendered":"What is a fractional CFO?"},"content":{"rendered":"
A fractional CFO, or Chief Financial Officer, is a finance professional who works on a part-time, retainer, or contract basis. They bring the experience and expertise of a high-level CFO to your business \u2013 without the cost of hiring a full-time, in-house employee.<\/p>\n
Fractional CFOs service several clients at once typically on a part-time, retainer, or contract basis. Their specialty is providing outsourced CFO services to small and medium businesses.<\/p>\n
Because their financial management skills are so well-developed, it\u2019s common to bring one on board to help navigate a challenge. Read on to learn more about what a fractional CFO does.<\/p>\n
Small businesses and startups typically have a streamlined staff, which keeps costs down and allows the business owner to focus on healthy growth.<\/p>\n
But sometimes, a financial challenge comes up that is beyond the skill or experience level of those on the team. This is where a fractional CFO can be of great benefit. Some of the issues they assist with include:<\/p>\n
Hopefully, these situations don\u2019t come up often, but when they do it\u2019s beneficial to have an expert on your side to guide you through.<\/p>\n
Most businesses start with a similar formula\u2013invest your time and money, create a product or service that customers want, and earn money by providing that product or service. Maybe you envision your business expanding somehow, or scaling up. Perhaps an exciting opportunity comes up but you aren\u2019t sure how to take advantage of it.<\/p>\n
A fractional CFO can help you make your dreams a reality by deciphering the numbers. They will look at where you are now and help you plan where to go next. This includes:<\/p>\n
There are plenty of ways a fractional CFO improves your operations. The specific skills and experience they provide will clarify your situation and help you achieve what you want.<\/p>\n
Taking your business to the next level can seem daunting. You want to grow, but you don\u2019t want to risk your success by taking on too much or making a damaging misstep.<\/p>\n
Hiring a fractional CFO will help you navigate the steps ahead. If you\u2019re already growing at a rate that makes you feel like you\u2019re losing control, they will help you retake the reins.<\/p>\n
A fractional CFO will help by:<\/p>\n
Ultimately, a fractional CFO is helpful to guide you through the growth process so that you can feel confident as your business expands.<\/p>\n
Many small- and medium-sized businesses and start-ups could benefit from the services of a CFO, especially during a growth stage, but the cost of hiring one in-house might be out of reach. By hiring a fractional CFO on an as-needed basis, you can enjoy the benefits of their expertise without breaking the bank.<\/p>\n
See below for our\u00a0bookkeeper locations<\/a><\/strong>.<\/p>\n Justine Day\u00a0|\u00a0<\/strong>Southern Highlands Bookkeeper<\/a><\/span> What is a fractional CFO? A fractional CFO, or Chief Financial Officer, is a finance professional who works on a part-time, retainer, or contract basis. They bring the experience and expertise of a high-level CFO to your business \u2013 without the cost of hiring a full-time, in-house employee. Fractional CFOs service several clients at once … Continued<\/a><\/p>\n","protected":false},"author":2,"featured_media":14642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[68,87,1],"tags":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"\n
\nPetra Austing\u00a0|<\/strong>\u00a0Southern Highlands Bookkeeper<\/a><\/span>
\nNicole Navratil<\/strong>\u00a0|<\/strong>\u00a0Southern Highlands Bookkeeper<\/a><\/span>
\nKarin Evans\u00a0|<\/strong>\u00a0Gold Coast Bookkeeper<\/a><\/span>
\nPru Hall\u00a0|<\/strong>\u00a0Wollongong Bookkeeper<\/a><\/span>
\nJackie Short\u00a0|<\/strong>\u00a0Canberra Bookkeeper<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"