If you’re curious about the role of a fractional CFO, reach out to Charley Devany on LinkedIn. For more interviews from the CFO Weekly podcast, check us out on Apple Podcasts, Spotify, or your favorite podcast player. Seeing clients grow and go on to do amazing things is one of the biggest advantages of being a fractional CFO, he said. You have the autonomy to choose clients who fit and say goodbye to those who don’t. Plus, you get to control your schedule and therefore have the ultimate work-life balance.

• The right time to hire a fractional CFO depends on your startup’s unique needs and circumstances.
• With all of the different industries you find yourself in, you’re constantly learning new things.
• Plus, they can offer the direction of a full-time CFO without the full-time salary, making them a cost-effective co-pilot.
• Growthlab is a part of Growthlab Ventures and also runs Youtube & Podcast as helpful resources.

Austen Legler, an experienced marketer and sales professional, has worked with fortune 500 companies, startups, and more. As TaxTaker’s Head of Partnerships, he leads the partnership strategy and is focused on building out TaxTaker’s partner ecosystem. CFO’s also advise key stakeholders on critical company decisions, financial reporting and financial operations.

Fractional CFO for Startups

A CFO projects outcomes and identifies areas of risk, so the business can make adjustments for the best result. If you have a unique financial project, fractionalized CFOs define your goal and develop an effective strategy to reach that goal. There are quite a few indicators that should tell business owners it’s time to consider a fractionalized CFO. Another key difference between controllers and CFOs is that CFOs manage the company’s relationships with executives and investors, procure capital, and manage and monitor equity and debt activities.

Maybe it’s a small startup that can’t carry a salary for a C-level exec yet or perhaps it’s the CFO herself who is looking for some extra help. Fractional CFOs assist in setting up financial systems, securing initial funding, and establishing financial strategies to support growth. Begin by clearly defining your company’s financial needs and objectives.

How do you find the right fractional CFO?

If any of these situations sounds like something your business needs to address, the fractionalized CFOs at Fully Accountable are here to help. The role of your CFO is to approach your company’s financial health from a broader, more strategic vantage point. They offer executive-level financial planning, high-level data analysis, and strategic initiatives.

A fractional CFO is a qualified financial professional who provides high-level strategic and financial advice to small and medium-sized businesses on a part-time or project basis. Unlike a full-time CFO, a fractional CFO does not have the responsibility of day-to-day financial management, but instead focuses on long-term planning and growth. Fractional CFOs are typically hired when a company is experiencing rapid growth or undergoing significant change, such as during a merger or acquisition. They can also be helpful in situations where a company is seeking to raise capital or improve profitability.

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Built In’s expert contributor network publishes thoughtful, solutions-oriented stories written by innovative tech professionals. It is the tech industry’s definitive destination for sharing what does fractional cfo mean compelling, first-person accounts of problem-solving on the road to innovation. I know this because I used to be a VC, and I watched many founders go through this exact, strenuous process.