Fractional COO Services

Fractional COO Services

Fractional COO (Chief Operations Officer) services are also available.

Often, the owner of a small to midsize company is the visionary and started the company to create a product or service that lights them up.

Part of running a business however, is doing the operations that are not quite so exciting - things such as:

  • Human Resources - processes and procedure for hiring and firing, as well as company employee manuals.
  • Building & Plant issues like leases, equipment rentals and cleaning or HVAC contractors.
  • Insurance needs - Obtaining or renewing necessary insurance, evaluating from year to year what makes sense for the company.
  • Financial items such as budgeting and forecasting, even though the company may employ an accountant - what to do with the cashflow statement and P & L are often not part of the accountant's job. They are often focused only on the tax aspect not the growth aspect of the business.
  • Process Optimization the "how do we do it here" and "how do we make it repeatable". This is where playbooks are helpful.
  • Resource Allocations - analyzing when to write off equipment, when to purchase new equipment etc.

Not only do owners not necessarily want to take on these needed tasks but paying for a full time COO with experience can be quite costly which is why the fractional model makes so much sense.

Fractional COO Services

Fractional COO (Chief Operations Officer) services are also available.

Often, the owner of a small to midsize company is the visionary and started the company to create a product or service that lights them up.

Part of running a business however, is doing the operations that are not quite so exciting - things such as:

  • Human Resources - processes and procedure for hiring and firing, as well as company employee manuals.
  • Building & Plant issues like leases, equipment rentals and cleaning or HVAC contractors.
  • Insurance needs - Obtaining or renewing necessary insurance, evaluating from year to year what makes sense for the company.
  • Financial items such as budgeting and forecasting, even though the company may employ an accountant - what to do with the cashflow statement and P & L are often not part of the accountant's job. They are often focused only on the tax aspect not the growth aspect of the business.
  • Process Optimization the "how do we do it here" and "how do we make it repeatable". This is where playbooks are helpful.
  • Resource Allocations - analyzing when to write off equipment, when to purchase new equipment etc.

Not only do owners not necessarily want to take on these needed tasks but paying for a full time COO with experience can be quite costly which is why the fractional model makes so much sense.