Cameron HeroldFounder of the COO Alliance & Invest In Your Leaders Training

Why Your Small Business Needs a Fractional CFO (Scale Without the High Cost)

1 Jun 2026 · 1 min

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Cameron Herold explains why small businesses should hire a fractional CFO instead of a full-time one. A fractional CFO reviews your P&L and budget monthly, costs around $1,500 a month, and can be a retired CFO living anywhere. You get strategic financial guidance without the overhead.

Chapters

If you're a small company and you can't afford to have a real CFO, you probably have a controller with a big title. That's fine, right? But go get a fractional CFO that can look at your P&L, can look at your budget every month, can give you 10 things to work on. Maybe they can coach your bookkeeper a little bit, but get a fractional person. When I started my company 18 years ago after leaving 1-800-GOT-JUNK, my company was called the Back Pocket COO. And my basic pitch was, you can't afford me full-time, but you can't afford to not have me in your back pocket. So if you're a small company and you can't afford a real strategic CFO, get a fractional for $1,500 a month. That's gonna look at your numbers for you. Maybe a 65, 70-year-old former CFO who just wants to have some casual cash coming in as he's living in Portugal.