Often, a small business or one that’s experiencing a period of growth might not have a dedicated COO to oversee operations. When starting out, this is normal. However, when growing your business there may be a need for added oversight into your company’s processes, which is why many invest in business advisory services such as fractional COO solutions like those offered by Susan Giddings.
Here we discuss how a fractional COO can impact your business and their specific areas of expertise.
How Does Having a Fractional COO Impact Your Business?
In the simplest of terms, a fractional COO is a third-party chief operating officer tasked with the responsibility of providing strategic planning expertise. Depending upon your needs, they can come in once a week, monthly, or quarterly to offer business insight and help you implement projects based on your operations and suggest improvements to streamline processes. Since they’re not connected to your company, they can offer a fresh perspective and unbiased outlook.
What Are the Areas of Expertise of a Fractional COO?
Fractional COOs offer a variety of levels of expertise. Some of the most common include:
- KPI & Metric Reporting
- Organizational Development
- Process Improvement
- Operational Assessment
- Strategic Planning
- Change Management
- Exit Planning
- & More!
How Can a Fractional COO Help Your Company Excel?
There are many different ways a fractional COO can help your company achieve success. Their primary focus will be on profitability, employee engagement, and operational efficiency. By aligning your short and long-term business goals, they can help you prioritize your projects for success and establish key metrics for monitoring them for the best results. By making observations and assessments, identifying areas for improvement, and implementing positive changes they’ll have a deep understanding of what your company needs to thrive.
When Should You Consider Hiring a Fractional COO?
There are some clear signs that you might be in need of a fractional COO to help your business thrive, such as if you feel like you’re struggling to run your company on a daily basis or are having difficulty strengthening your leadership team. If you’re experiencing these sorts of issues, a fractional COO can help you revolutionize your business and its process. Additionally, when hiring one, there’s no need to go through a lengthy HR process since fractional COOs are contract employees. They also work remotely, meaning you won’t need to spend any additional resources on office space.
Contact Susan Giddings for business advisory services and fractional COO solutions!
To learn more about how Susan Giddings can help your business excel, call (561) 389-2609 or contact me to learn more about business coaching and consulting.
