What Is A COO and Why Do You Need One?

The Chief Operating Officer (COO) is a senior leadership position that is accountable for the daily operations of an organization, as well as the development and implementation of strategy and initiatives. Many growing businesses have reached the stage where this additional executive leadership is required but the economics are challenging. A Fractional COO can bridge the gap and provide the resource you need to continue growing your business without committing to a full-time employee.

What Is A Fractional COO?

A Fractional COO is simply a leadership executive that acts as Chief Operating Officer on a part-time basis. The responsibilities and onsite frequency can vary widely and are typically customized to the needs of the business. Your Fractional COO may come in one day per month to work on your strategic planning with your leadership team. He or she may be there twice per week overseeing sales activities, process improvement and various projects. Or, the role may be fulfilled entirely on a remote basis so as to cause as little disruption to your operation as possible.

As the business owner, this is all up to you.

A Fractional COO can help you work ON your business instead of IN it.

What Are The Benefits Of A Fractional COO?

First and foremost, you’re adding experience to your team. This, combined with an outside perspective can do wonders to help you develop or refine your business strategy. In addition, a Fractional COO gives you flexibility in that you don’t have to worry about the complexity of adding a full-time employee that you may not be ready for yet. You merely bring him or her in as necessary. Perhaps the most appreciated aspect of a Fractional COO is that you get to add additional talent to your team in a simple and cost-effective manner. You only pay for what you need.

What Types of Businesses Can Benefit From A Fractional COO?

A Fractional COO can bring benefits to just about any type of business that is not large enough to be able to support a full-time Chief Operating Officer. Growing companies need to develop new processes and refine old ones in order to keep pace. Startups have to create strategies from scratch and then build the operations to support the business plan.
Stagnant or declining businesses need to take a fresh look at their business model and implement changes to stay viable and relevant. The opportunities to improve your business are endless, no matter what stage you happen to be in.

I provide an affordable solution to small business owners that are not yet ready to invest in a full-time Chief Operating Officer.

Fractional COO Services

Your investment in Fractional COO services is based on the size and scope of your organization but will be a fraction of the cost of hiring a full-time COO. A Fractional COO gives you the best of both worlds: the knowledge and benefits of an experienced executive without the complexity, cost or disruption to your business.

Operational Assessment • Strategic Planning • Financial Management • Process Improvement • Supply Chain Management • Sales & Marketing Strategy • Organizational Development • Technology Solutions • Change Management • Exit Strategy

Areas of Expertise
Operational Assessment
Review your business operations, identify ways to improve both effectiveness and efficiency.
Sales & Marketing Strategy
Identify your target Customer and tactical steps to put your product in their hands.
Strategic Planning
Map out a vision for the future of your business and implement the necessary action steps.
Organizational Development
Plan for the future through development of your most valuable resource.
Financial Management
Dig deep into the numbers and help you improve both your financial performance and cash flow.
Technology Solutions
Take advantage of the myriad technological tools available to scale your productivity.
Process Improvement
Utilize LEAN methodologies to fine tune your core processes and procedures.
Change Management
Navigate the rough waters of change through planning and proactive approaches.
Supply Chain Management
Identify your best suppliers, optimize inventory investment and refine logistics channels.
Exit Planning
Develop a long term vision for succession so you can exit your enterprise on your terms.

Please call me to discuss your needs at (909) 264-9447, email me at info@kevinanye.com or use the form below to start the conversation.

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