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 us as a cheat code for your business.

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, but we also have brilliant partners who we work with to provide our clients with everything from CMO, COO/Integrator, CTO, 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.

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.