“CFOs are essential to business, as they support the CEO with strategic financial planning so the CEO can create the most profitable business possible.”
— Melissa Houston
Happy New Year! In this solo episode of the Business Society Podcast, I want to talk about a new business trend that I think is especially useful for small to medium-sized business owners.
Have you heard of the “fractional C-suite”?
Hiring for a fractional C-suite position allows you to benefit from the knowledge and experience of a C-level expert… on a part-time basis and through a package tailored to your needs! This cost-effective solution is absolutely ideal for businesses that are not at the point of needing (or able to afford) a full-time C-suite executive.
From monthly variance analysis to project accounting to cash flow management, this episode lays out the key services provided by a fractional CFO — with some bonus tips for boosting your profitability!
In this episode, you’ll discover:
- Why hiring a fractional CFO is an ingenious solution for many businesses
- What a fractional CFO will offer you that a bookkeeper and accountant will not
- How a monthly variance analysis will help you track your progress and identify areas of concern
Highlights:
01:06 Welcome to 2022!
02:27 The fractional C-suite
03:55 What is a fractional CFO?
04:55 How will a fractional CFO help you?
07:39 Monthly variance analysis
08:27 Key performance indicators
09:00 Cash flow management & stakeholders
10:14 Project accounting
11:20 Financial guidance & support
12:24 What to look for in a fractional CFO
15:16 Recap
Links:
The Business Society: https://thebusinesssociety.co
5-Step Roadmap to Biz Finance Freedom: https://melissahoustoncpa.lpages.co/5-step-biz-finance-roadmap
Work with me: https://www.melissahoustoncpa.com/work-with-me
Want more tips and inspiration?
Follow me on Twitter @melissahcpa and Pinterest @melissahoustoncpacga
and visit my website: https://www.melissahoustoncpa.com
Need a Fractional CFO? Check out The Fractional CFO Agency!
