Having a fractional operations manager on board can be a great way to ensure that your business goals and objectives are properly aligned. A fractional COO is a director of operations that you can hire on an as-needed basis, either for a few hours a week or every day for several weeks out of every quarter. This type of executive can provide strategic guidance and objective feedback to help you make difficult decisions, as well as help you define your vision and create SMART objectives that will meet your needs. Fractional operations managers have the experience and skills needed to help companies succeed in today's competitive landscape.
They can focus on the work that really matters and handle the minutiae of daily operations, allowing you to focus on higher-level tasks. They can also help create intelligent teams that are effectively managed, well organized and highly engaged. For smaller agencies, fractional COO services can provide the strategic operations leadership they need without having to hire an executive until they reach a larger scale. Fractional contracting can also help determine the revenue potential, financial performance, and profitability of various products, services and solutions.
As a general rule, fractional COO services will be priced similar to that of expert-level legal or accounting advice services. However, the cost is well worth it if it means that your business goals and objectives are properly aligned with your fractional COO.