Answers with Adam:
What's the difference between a Fractional CFO and a Full-time CFO? Want to know if a Fractional CFO is right for your business?
The biggest difference between a Fractional CFO and a full-time CFO is that with a full-time CFO, they're there 40 plus hours a week. You're paying them a couple hundred thousand dollars a year salary plus bonuses plus benefits. You're hiring an executive administrative assistant for them. The total cost could be half a million dollars a year.
With a Fractional CFO all you do is you pay them their fee, (whatever that is agreed upon between you and the Fractional CFO), you pay that. You get all the expertise. You get all the strategy, but you only get a part of their time. And that is why they're fractional instead of a full-time CFO.
Are you ready to explore the benefits of a Fractional CFO?
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