Updated: Dec 27, 2022
Leading a growing business can’t be a one-person show.
Executive leadership becomes more critical, and the quality of leaders sets the tone and direction for the entire company.
Assembling your team is the next best step. Naturally, the first “Chief” you hire is your CFO.
But full-time talent also means full-time commitment. Hiring your chief officers may leverage your business growth. But timing it incorrectly can consume resources before you take off.
This is where a Fractional CFO becomes a critical solution. You will be able to make the most out of your limited resources. They provide accessible executive-level services through cost-effective means. As you envision new milestones, you will eventually have to move on from transactional finance service.
Fractional CFOs are seasoned professionals who step in as champions of change, whether on a part-time or project basis. They are your perfect partners for success and growth at a time when your business is on a steep learning curve and experiencing rapid growth.
Here are essential qualities of a fractional CFO - summarized as 3 E’s - that will add significant value to your business.
Experience. Fractional CFOs are equipped with years of experience from professional firms or private corporations. They possess theoretical and practical know-how, having worked with numerous clients as associates or officers of firms. These are professionals who have earned their stripes. These key takeaways become valuable insights for growing businesses transitioning into corporate-level and scaled operations.
Exposure. Fractional CFOs are not in-house CFOs. And because they work on consultative or recurring terms, fractional CFOs can work on several businesses and industries successively or even simultaneously! This exposure makes fractional CFOs highly abreast with trends and developments. For constantly changing industries, fractional CFOs provide macro-level perspectives of these changes and how they can be transformed into competitive advantages.
Expertise. Fractional CFOs have fine-tuned their craft with technical knowledge of accounting, management, and economics. Most fractional CFOs have an MBA or advanced degrees or licenses making them highly equipped with business frameworks and adept at their practical application. Fractional CFOs go beyond bean-counting and number-crunching. You can expect them to have the people skills and leadership qualities that equip them to coordinate departments and employees toward accomplishing your business goals.
These essential elements are unmatched with Alpha Pro Business Solutions. Our team of professionals is driven by excellence and the commitment to see your growth in more ways than you thought possible. Please send us a message through this contact form today.