Are you looking for ways to make your business more strategic and efficient? Hiring a fractional COO may be the answer. A fractional COO is an outsourced professional who serves as your chief operating officer on a weekly, monthly, or as-needed basis. This allows you to access the expertise of an experienced executive without the complexity, cost, or disruption of a full-time hire. A fractional COO can bring numerous benefits to almost any type of company that isn't large enough to support a full-time director of operations. They can take care of all operational matters to lighten your burden and help you focus on achieving your long-term business objectives.
Plus, you can negotiate a contract with a clearly defined project scope and end 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. Small and medium-sized companies that are looking for ways to be more strategic and refine their operations should also consider hiring a fractional COO. Finding the right fractional operations manager requires some research, as the skills required are varied. In general, a good fractional operations manager should be able to see the big picture but summarize it in practical steps and executable strategies. They should have the experience and skills needed to help companies succeed in today's competitive landscape. Your investment in fractional COO services is based on the size and reach of your organization, but it will be a fraction of the cost of hiring a full-time COO.
This gives you the best of both worlds - access to an experienced executive without the complexity, cost, or disruption of your business.