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Boost Your Career as a Fractional CFO

Expand Your Professional Life

HOW FRACTIONAL CFO ROLES CAN BE A CAREER BOOST

“For finance professionals with the right strategic and soft skills to step into a company and immediately start steering the financial ship, the work offers a range of benefits.”

-CFO Brew, August 2022

Transitioning from a traditional career as a financial executive to a fractional CFO can bring unexpected benefits, as highlighted by a recent CFO Brew article. 

  • Greater impact – the fractional CFO model makes C-level financial strategy and expertise accessible to businesses that may not have been able to afford (or need) a full-time CFO. FocusCFO associate Pat Lang adds, “Do you want to work in a space where you can really help the entrepreneur? There is so much opportunity to make a significant impact and see that, compared with a larger corporation where it can be a little bit more of a grind.”
  • Greater Flexibility – Fractional CFOs, especially in firms like FocusCFO, have control over their schedule, availability, and even their client roster, leading to a better work-life alignment. 
  • Opportunity to Broaden and Diversify Experience – Rather than being dedicated to one client full time, fractional CFOs can take on a small, but diverse, client roster to work closely with. This provides a robust experience for CFOs and opportunities for continual learning and growth.

If you’re interested in learning more about how transitioning from a traditional finance career to a fractional CFO role can benefit your career, reach out.

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    Prepare for the Worst, Hope for the Best

    Prepare for the Worst, Hope for the Best

    HOW TO HELP YOUR BUSINESS PREPARE FOR A POSSIBLE RECESSION

    “Something’s coming—we just don’t know what.”

    Whether this moment leads to a turn in the business cycle or to a continuation of recent inflationary trends, it is a time when companies can make the kind of pivot that strengthens their growth trajectory for the next several years.
    -McKinsey & Company, August 2022

    Without a crystal ball, it is difficult to predict what to expect next for the US economy, and how that will impact small and medium-sized businesses. However, with thoughtful leadership and strategic financial planning, organizations can build resilience and survive a possible recession.

    Building Resilience

    Businesses should focus on building systemic resilience through:

    • Foresight – Understanding the challenges and opportunities caused by a possible recession
    • Response – Be able to take advantage of opportunities and mitigate challenges in real time
    • Adaptation – Make strategic pivots with a longer-term strategy. Businesses should aim to emerge from disruptions stronger and better positioned for growth.
    • Long-term Strategy: Don’t sacrifice long-term value creation for quick cost cuts. The most successful businesses will be better positioned to meet longer-range goals of sustainable, inclusive growth for all stakeholders—customers, employees, investors, and the community.

    Dayton, Ohio Area President Mark Clower also recommends taking a note from COVID-19 – many of the lessons during this crisis can be implemented or adapted to help your business survive a possible recession.

    While these ideas may seem straight forward, Cleveland Area President Jim Gilbride cautions, “we see too many small businesses that do not have the resources or know-how to get this planning done.” If you want to discuss how a fractional CFO can help you build resilience in your organization, or other recession-related concerns, get in touch with us to schedule a complimentary consultation.


    Recommended Reading

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