Business owners sometimes find that their business growth has come out of nowhere. When this happens the owner/ownership group tends to lose track of their Key Performance Indicators, their month/quarterly/annual numbers and the growth has happened so fast that they cannot often forecast where things are going. This is because they likely do not have the mindset of a CFO, but very much need one.
Fractional CFOs integrate into the management team and assume all the responsibilities of the role as if they were permanent. These individuals not only serve as a trusted guide for the business owner, but they also provide “roll-up-your-sleeves” tactical accounting services when necessary. They pride themselves in providing ongoing financial literacy training not just for the business owner but the entire management and finance teams as well.