Are you a small business or organization looking to scale up but don't have the budget for a full-time COO? A fractional chief operating officer (COO) may be the answer. Fractional COOs are experienced executives who provide strategic and operational leadership to companies that need help but can't afford a full-time COO. This outsourced service bridges the gap in daily operations and helps businesses grow without the need for a full-time employee. A fractional COO can focus on strategy development, process efficiency, team building, project management, or pricing strategy. They provide a new view of organizational objectives, operational actions, technology, and more.
Hiring a fractional operations manager requires some research since the skills are so varied. It's also easier to rescind the agreement if the fractional operations manager doesn't perform their duties or isn't a good fit. Product-based companies that need to deliver products to customers will benefit from a fractional COO that can ensure that logistics, systems, and customer experience work as they should. Fractional COOs offer these services at a fraction of the cost of a full-time COO, making them an attractive tool for success for small and medium-sized businesses and organizations that are just starting out and don't yet have the budget for a full-time COO. Because fractional operations managers work part-time or on a project basis, they become on-demand executives and can often adapt their schedule to meet the needs of the company. They can help evaluate areas where your organization is weak or processes that show room for improvement, provide unbiased feedback, and help you begin implementing the operational changes needed to improve. Small but powerful, growing companies looking to scale intelligently can benefit from hiring a fractional COO.
Instead of hiring a new full-time COO from the start, you can hire an interim chief operating officer and see how well they integrate and fit with your company's culture and trajectory. Unlock your business potential with a fractional COO and take your operations to the next level. In this episode of the Process Breakdown podcast with John Corcoran, Chad Glasscock, owner of Future State COO, introduces his company which offers fractional operations director services that help small businesses, entrepreneurs and CEOs achieve their desired future state in an achievable and sustainable way. Listen to this episode to learn more about how a fractional COO can help your business improve its operations.