FRACTIONAL SERVICES
CEO • COO • CFO
If your woman-owned business is growing, but you are challenged to manage your company and take it to the next level, a fractional executive may be the solution. Large corporations have access to CEOs, COOs, and CFOs to manage the business, and your business should have the same advantages – which is why Business and Beyond offers these services on a fractional basis at a fraction of the cost of a full-time executive.
A fractional chief executive officer, chief operating officer, or chief financial officer offers strategy and planning for specific company functions in a cost-effective and efficient manner without the overhead of a full-time executive.
The Business and Beyond team focuses on providing women-owned small businesses with fractional executive services to help structure and grow their business, prepare the business owner to lead and manage a larger company, as well as help with the hiring of a competent team of future executives.
WHAT WE DO
As a fractional CEO, we will help the owner:
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Clarify goals.
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Assess employee and contractor roles and efficiency.
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Develop short- and long-term strategies.
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Assist in the implementation of the strategies to achieve the goals.
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Assess company risks.
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Implement measurable standards and plans in all areas of the company.
As a fractional COO, we will help the owner:
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Assess daily operations.
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Develop operational strategies.
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Create and implement standard operating procedures.
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Create and implement key performance indicators and review employee performance.
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Create and implement reporting structures and operational controls.
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Establish policies that promote a company culture and your vision.
As a fractional CFO, we will help the owner:
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Create a 12- to 18-month budget projection.
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Assess income, profitability, conversion rates, and ROI.
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Develop a financial strategy to reach goals.
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Review financial reports and revise plans on a continuous basis to stay on track for financial goals.
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Build predictable cash flow.
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Create and implement plans to alleviate cash crunches.
Q&A
As a business owner, when should I hire a fractional executive?
If you are managing and operating the growing business by yourself, and do not yet have the financial resources to hire a full-time executive to share the responsibilities, then a fractional executive can assist you in managing the company's operations and growth. This enables you to focus on further developing the business, while the fractional executive manages the operations to support the growth. Having a fractional CEO, COO or CFO allows you to make sure your company is running properly so that everyone performs their jobs to move the company forward in concert with your vision.
How long does a fractional executive stay in the role?
Each business has different needs. The time frame is dependent on the business' and your needs, and the work that needs to be done to accomplish your goals.
What is the exit strategy to leave the fractional role?
Usually, this occurs when the business can afford to hire a full-time executive, or the owner is ready to take on the responsibility of operating and managing the larger company.
