Fractional Chief Operating Officer
Can your business operate without you? Discover how a fractional Chief Operating Officer (COO) can help you grow and scale your business while taking the burden off your shoulders.
Is the only thing keeping your business running smoothly YOU? For many entrepreneurs, their operation processes live in their heads. However, without standard operating procedures (SOPs) and a system in place, one accident could devastate the business.
Using a fractional Chief Operating Officer (COO), you can install an operating system for your business that ensures it runs optimally, even if you aren't there. It essentially becomes a self-scaling organization. Imagine not having to be continually hands-on and present to operate a successful business. With a fractional COO, you can grow and scale your organization to make it more productive and profitable while experiencing more freedom.
What Is a Chief Operating Officer?
A Chief Operating Officer (COO) is a member of the senior level management overseeing the day-to-day operational and administrative functions of the business. In most cases, a COO will report to the Chief Executive Officer (CEO). While the CEO tends to be the public face of a company, the COO works behind the scenes, handling internal affairs and implementing systems to ensure the business’s successful operations.
What Is a Fractional Chief Operating Officer?
A fractional Chief Operating Officer (COO) is an executive with several years of experience in business leadership and C-level management. A business brings on a fractional COO to provide operational leadership rather than hiring a full-time senior executive, which is cost-prohibitive for many companies.
Even for companies that can afford to hire a COO, using a fractional COO provides flexibility and affordability. In addition, it enables you to have an expert in the position when you need one—so you can focus on the long-term company vision while your fractional COO manages the daily operations on a part-time or as-needed basis.
For many small-to-midsized companies, a fractional COO is all that is necessary to install and implement an effective operating system that optimizes operations to run like a well-oiled machine. As a result, whether you are hands-on and highly involved or not, your company will operate at a consistently high level of productivity and success.
Using a Chief Operating Officer means you have an expert with a fresh perspective and extensive experience in business operations. They have access to a full line of resources—much more than what your company can access on its own. They know what works and doesn't—no more operations trial and error.
Whether you need a COO to fill in the gap because you don’t currently have one on staff or to serve a need during a transition, a fractional COO can take your business operations to the next level effortlessly.
What Can You Expect from Fractional Chief Operating Officer Services?
A fractional Chief Operating Officer can provide a range of services, including the role of advisor, coach, consultant, or part-time leader of your business operations. Smaller agencies use a fractional COO to help them develop the strategic leadership necessary to delay costly executive hiring until they achieve a larger scale.
To profitably scale, your business must have a proven operating system. Your fractional COO will give you time-tested methods and tools to grow your organization, and you can customize the COO services to meet your unique business needs. Outsourcing the role of COO gives you all the advantages of a full-time executive without the price tag.
The fractional COO can provide the following services:
Is your business transitioning or trying to hit a new level in growth and profitability? When all the operational decision-making falls on your plate as the owner or CEO, it's challenging to have the bandwidth necessary to think strategically. A fractional COO will expertly handle the day-to-day details and establish crucial systems, so you and your management team can focus on the execution of tasks related to your roles instead of on operations.
Why Choose a Fractional Chief Marketing Officer?
Choosing a fractional COO for your business leads to greater efficiency, faster growth, and more profits. This professional, unbiased perspective will provide the boost your company needs to level up like never before.
Beyond making your organization more efficient with a better operating system, a fractional COO prepares your company for the future. Businesses with established operating systems tend to sell for a lot more. Why? Because they can run themselves. It’s far easier to sell a business when the new owner can hit the ground running. Even if a business sale isn’t in your future, knowing your organization will run optimally with or without you provides peace of mind and confidence.
Hire a fractional COO so you and your team can do what you do best. You won’t have to spend time or money training a new executive for the job. This is a professional who can get to work immediately. You’ll enjoy fast results for your business. Plus, you can finally feel in control of your business—rather than your business controlling you.
Take that vacation. Take a day off to hang out with your family. Find relief so you can enjoy life a little more. Your fractional COO will ensure you have the operating systems you need to stop feeling trapped in your business, so you can experience the full benefits of business ownership—like what you imagined it could be when you started.
Ray L. Perry offers a full range of fractional Chief Operating Officer services to give your company the advantages of a dedicated in-house COO without the drawbacks. Call our office or contact us online today to see how we can help your business obtain an operating system and operational strategies that empower your business to drive itself to success—without you having to be involved every step of the way.