The CFO Report

140. No BS Advice For Starting a Fractional CFO Firm in 2025

11 snips
Nov 12, 2024
Discover crucial insights for launching a fractional CFO firm, emphasizing the need for strong sales skills and a supportive team. Learn how effective task delegation can enhance efficiency and scalability, with Giacon emerging as a vital tool for automating report generation. Gain practical tips for managing time and transitioning from a full-time job to entrepreneurship, while understanding the value of embracing imperfections in your journey. Great advice awaits for those eager to make a significant impact!
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ADVICE

Prospect and Sell

  • To succeed in the fractional CFO business, you must prospect and sell.
  • Prospecting involves telling people what you do and the problems you solve.
INSIGHT

Prospecting Is Key

  • The main reason fractional CFO firms fail is a lack of consistent prospecting, not other common reasons.
  • Prospecting and sales are crucial for client acquisition and revenue generation.
ADVICE

Create a Sales Playbook

  • While hiring someone for sales is recommended, create a playbook first.
  • This playbook should outline target audience, problems, solutions, prospecting methods, and sales process.
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