Frequently asked questions.
What is a fractional executive?
Great question and one we get all the time. The simple answer; a part-time executive. Many smaller businesses looking to scale need the insights from someone who has been there before and has years of experience to help them avoid pitfalls and grow more efficiently. Think of Local Fractional as a cheat code for your business.
What are the benefits of hiring a fractional CFO for a small to mid-sized company?
Hiring a fractional CFO offers several key benefits for mid-sized companies, including:
Cost Efficiency: Get executive-level expertise at a fraction of the cost of a full-time hire.
Strategic Growth: Expert guidance on scaling operations and managing capital.
Financial Oversight: Professional management of complex financial health indicators. Local Fractional specializes in these areas to help mid-sized firms compete at a higher level.
I have a bookkeeper and a tax professional so why would I hire a fractional CFO?
You may be just fine with the staff you have. However, we find that many businesses need more insights for growth or avoidance of pitfalls, expertise in transactional dealings such as bank loans or investor dealings, or even to just get the house in order as they look to the future for a potential exit. Regardless the reason, we typically don’t replace a bookkeeper or a tax advisor. We are a strategic thought leader your team needs to efficiently grow and build better.
Does Local Fractional provide bookkeeping?
Yes. Our Local Fractional team loves staying in our lane and focusing on being the best fCFO you will find, but a good part of that is bringing solutions to our clients. We have integrated bookkeeping and tax partners to solve for your needs. We will work with you to see what best fits your needs but we have in-house bookkeepers plus we have outstanding 3rd party partners both local and near-shore.
Does Local Fractional provide non-financial subject matter experts?
Yes! We can provide all things financial services through our fractional CFO services and marketing through our fractional CMO services. In addition, we also have brilliant partners who we work with to provide our clients with everything from Implementors, COO/Integrators, CTOs, CHROs and more. We can also source through those leads a fully integrated team across all facets of your business.
Can Local Fractional assist with fundraising or obtaining financing?
At Local Fractional, we leverage our extensive network of banking and financial contacts to help you secure the funding you need. Whether it’s preparing for a bank loan, attracting investors, or exploring alternative financing options, we guide you through the entire process to ensure you get the best possible terms. However, because we are not a broker we focus on preparing your company for fundraising if that is how you intend to raise capital.
What is the expected level of involvement and communication?
We pride ourselves on being highly accessible and responsive. You can expect regular check-ins, monthly financial reviews, and consultations whenever needed. Additionally, we’re utilizing cutting-edge AI tools to ensure you always have access to your company’s financial insights right at your fingertips, even after business hours. Ask us about our real time scorecard options as we are offering amazing data with insights right at your fingertips and right when you need them.
How do you measure the ROI of fractional CFO services?
Measuring ROI is one of the most critical aspects of our work. We focus on ensuring that we consistently deliver value to our clients, tracking improvements in cash flow, cost reductions, and profitability. While some goals take time to achieve, we are committed to continuously demonstrating value every step of the way.
How do you integrate with existing teams and processes?
We believe in a collaborative and process-oriented approach. Not only do we seamlessly integrate with your existing workflows, but we also help design and document standard operating procedures to enhance efficiency. We can also assist in implementing comprehensive systems like EOS or Scaling Up, ensuring that we tackle immediate challenges while keeping long-term goals in focus.
What industries do you specialize in?
Local Fractional is industry agnostic, bringing a wealth of experience across diverse sectors. While we have a strong focus on SaaS-based businesses and the trades, construction, and professional services, our expertise extends into healthcare, technology, energy, consumer products, retail, fine arts, and personal services. This broad knowledge allows us to adapt successful growth strategies across all industries.What are the benefits of hiring a fractional CFO for a mid-sized company?
Mid-sized businesses gain access to enterprise-level strategy without the burden of a full-time executive salary. A fractional CFO moves beyond basic bookkeeping to provide high-level financial modeling, risk management, and strategic roadmapping. This ensures you have the financial clarity to improve profitability and make data-driven decisions that fuel growth.
How do I choose the best fractional CFO firm in Dallas for my business?
When looking for the best fractional CFO firm in Dallas, prioritize a partner with local expertise, a broad network and a focus on scalability. Local Fractional specializes in providing Dallas-area businesses with high-level financial strategy without the cost of a full-time executive. Local Fractional leverages years of insights, the latest techstack in AI and technology to bring you data when you need it most in a way you can use it to make high stakes decisions with confidence.
Can a fractional CFO assist with cash flow management and financial forecasting?
Yes, absolutely. At Local Fractional, our fractional CFO services are designed specifically to assist with cash flow management and financial forecasting. We provide mid-sized companies with the data-driven insights needed to manage liquidity and predict future growth accurately. In addition, our new real-time dashboards bring marketing and financial data together with real insights to help you make decisions when it matters most.
How do I find a fractional CFO to help my business grow?
Look for a financial partner who understands the connection between your budget and your revenue engine. The best choice is a firm that can bridge the gap between operations and sales. At Local Fractional, we help you grow by aligning your financial runway with our new in-house fractional CMO services, ensuring your growth strategy is both ambitious and financially viable.
Where can I find fractional executive services for scaling my business?
You can find integrated executive leadership directly at Local Fractional. We have expanded our in-house capabilities to offer both Fractional CFO and Fractional CMO services and we have extensive relationships with services for other company building needs so feel free to ask us for referrals if we don’t immediately recommend someone. This allows you to scale your business with a unified C-suite team that synchronizes your financial planning with expert marketing execution, all under one roof.
What should I consider when choosing a fractional CFO for my company?
Beyond technical competence, prioritize a partner who offers cultural fit and cross-functional expertise. You should choose a firm that understands the synergy between finance and other departments. Ideally, select a provider like Local Fractional that can support your total business health—from managing margins to driving top-line revenue through strategic marketing alignment.
What is the difference between a Fractional CFO and a CPA?
A CPA typically records history, focusing on tax compliance and accurate bookkeeping. A Fractional CFO creates the future. At Local Fractional, we take the data your CPA produces and use it to build strategic roadmaps, improve cash flow, and drive growth. We don't replace your CPA; we collaborate with them to turn your numbers into actionable strategy.
How much does a Fractional CFO cost compared to a full-time hire?
A full-time CFO often costs $250k–$400k+ annually once benefits and equity are included. A Fractional CFO typically costs a fraction of that (often $3k–$10k/month depending on scope), delivering executive-level guidance without the six-figure salary, benefits, or severance risks. Feel free to look at our pricing structure here.
How do your Fractional CFO and CMO services work together?
Most businesses fail to align their marketing spend with their financial reality. By housing both services under one roof, Local Fractional ensures your marketing strategy is financially viable. Our CFOs calculate your ideal Customer Acquisition Cost (CAC), and our in-house CMOs execute campaigns that fit those metrics, ensuring every marketing dollar generates a profitable return.
Do you work onsite or remotely?
While many fractional firms are 100% remote, Local Fractional prioritizes the "Local" in our name. We offer a hybrid model that includes onsite presence; especially for our Dallas / Fort Worth area clients. We believe that sitting at the table with your leadership team builds trust and cultural alignment that Zoom calls simply cannot match. However, we do most of our work remotely to be efficient and cost-effective.
Can a Fractional CFO help prepare my business for an exit?
Yes. Maximizing valuation requires clean financials and a predictable revenue engine. We prepare you for due diligence by organizing your financial history, optimizing EBITDA, and—with our CMO team—demonstrating a scalable customer acquisition model. We act as your advocate during the sale process to ensure you don't leave money on the table. Click for more information on our Exit Planning Services.