CFO Bookshelf
What is a Fractional CFO?
Jul 5, 2024
Learn about the three key roles of a fractional CFO: contractor, consultant, and coach. Dive into topics like adding value, evolving definitions of the CFO role, pricing strategies, and building trust with clients.
35:06
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Quick takeaways
- Fractional CFOs serve as contractors, consultants, and coaches catering to diverse business needs.
- Today's CFO role emphasizes financial expertise, seamless CEO transition, team dedication, and broader responsibilities.
Deep dives
Roles of Fractional CFOs
Fractional CFOs can be classified into three main roles based on the nature of their work: contractor, consultant, and coach. Contractors typically provide on-site financial leadership for clients by serving one to two days per week. Consultants focus on solving specific problems through unique, challenging, and one-off tasks like ERP implementations and treasury management. Coaches offer ongoing support and guidance to CEOs and CFOs, focusing on personal and professional development. These distinct roles cater to different business needs, with the majority of work often falling under the consultant and coach categories.
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