The common denominator of who needs a Fractional CFO is simple: 1) the desire for meaningful growth in your business; and 2) the absence of a full-time CFO.

—> See What is a Fractional CFO. <—

If you have a healthy, profitable business, and are not interested in growing it more than a few percent per year, then, quite frankly, there is no need for you to invest in a Fractional CFO. As long as your books are in good shape, this level of growth does not demand the skills and insight that make this investment worthwhile.

On the contrary, if you want your business to grow quickly – whether that’s exponential type growth in the early years or 10% to 30% annually for a mature business – you need a financial expert who can look into the future to allocate capital and resources for the business so you don’t get caught with your pants down.

The bottom line is growth sucks cash. Cash is the lifeblood of your business. Expert planning for cash in periods of high growth is essential.

Regardless of how profitable your business is – or how much funding you’ve raised – if you’re looking at serious growth over the next few years your business will burn through more cash than you think, and being prepared for this is the best to ensure you have what you need and when.

Of course, if it makes sense to invest in a full-time CFO, you have no need for a Fractional CFO, except as interim needs may arise between full-time roles.