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How On-Demand CFO Services Adapt to Your Business's Changing Needs

27 Jan 2025 · 1 min

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Bob Gauvreau explains the value of fractional (on-demand) CFO services: they let businesses access high-level CFO expertise without hiring a full-time CFO. He contrasts full-time CFO salaries (cited around $250,000–$350,000) with fractional engagements that can start at only a couple hours per month and scale up to full-time support (or multiple finance hires) as the business grows.

Questions this video answers

Approximately $250,000 to $350,000.

A couple hours a month (phrases used: 'one hour a month or two hours a month', 'a couple hours a month').

Chapters

So the great part about a fractional CFO related service is that when you get started with it, you likely don't need a full time CFO. And full time CFOs come in at, you know, 250,000, 350,000, depending on the level of experience. The idea with a fractional CFO is that you get that high level experience, but you can start out with even, you know, a couple hours a month, right? Doing financial oversight, going through the financial strategy of your business. So you can start out with a really low investment, but get that really high level expertise. And as your business continues to grow, we can grow that CFO related service with you from one hour a month or two hours a month, all the way up to a full time CFO or multiple CFOs and controllers to help support you and your business as your needs evolve.