CONSULTING - Why hire a Fractional COO?
A critical function on today’s executive team, the COO (Chief Operating Officer) typically oversees the daily operations and execution of the company’s activities. The COO is often responsible for human resources, finance, strategy, process improvement, and much more. Early in a company’s growth cycle, your business may not have the capacity, resources or ability to justify hiring a full time COO. In these cases, a Fractional COO is often a perfect solution.
A Fractional COO is a consultant who can function as COO, but on a limited or part-time basis. Fractional COO’s enable companies and teams to take advantage of experienced operations professionals at an affordable and scalable investment, enabling growth without having to bear full-time costs.
What I do -
Roles can vary between clients, but services typically include:
Translating strategy into process, instituting measurable goals (KPIs) and monitoring overall business progress
Planning and building growth models to achieve strategic goals and milestones set by Leadership
Enabling successful cultural development and growth among teams and individuals
Assisting in strategic planning across multiple stakeholder groups (investors, executives, customers, etc.)
Leading development of hiring and staffing processes and procedures
Researching and proposing innovative strategies for business growth and success
Ensuring proper financial controls (accounting, taxation, cash management, etc.) are in place
Fees for COO services vary based on project scope and timing, but you can expect a $5,000 minimum.
Startup superpowers.
It can be extremely beneficial to have a Fractional COO in your arsenal. The most significant benefit for our clients is the ability to have an on-call, scalable resource who is equipped with best-practices, real world experience, and senior executive expertise at an attainable cost.