Bob Gauvreau explains what a CFO does: financial strategy, cash flow forecasting, budgeting, and resource allocation. A full-time CFO costs at least $250,000 a year. Fractional CFOs offer the same expertise part-time at a fraction of that cost.
Questions this video answers
February 4, 2025
At least $250,000
Chapters
A CFO focuses on financial strategy, key elements of business strategy, cash flow forecasting, allocation of resources, understanding what the map looks like to achieve those goals, building out budgets, holding departments accountable to achieving those goals and those standards. Now, as you can imagine, that sounds like a pretty complex area and a sophisticated area with great levels of expertise. And you would be right. It really is. The cost to get a good experienced CFO is at least $250,000 in your business, if not more. If you look at some of the Fortune 500 CFOs, they're the highest paid people aside from the CEO inside the business. Now, what we're doing and what we're defining, a fractional CFO is taking all of that expertise, knowledge and making it available to small to medium sized businesses on a much smaller level. Now, it can be on a smaller level or it can be that full level. So the fractional component is saying if you need these financial resources in any of those areas, we can pull them out and plug them into your business. We've got the experienced CFOs who've been running large organizations, they've been running small organizations, they've been involved in the financial success of many businesses. And what we're doing is we're taking that knowledge and expertise and we're bringing it to the small business market at a fraction of the cost of what it would be to have someone like that on your payroll full time. It.
