Question 1

What is a fractional CFO?

Accepted Answer

A fractional CFO is a part-time or contract-based chief financial officer who provides financial strategy and guidance to businesses that don't need a full-time CFO. This model is disrupting traditional finance teams by offering expert financial leadership on a flexible and affordable basis.

Question 2

How can I scale my service business without outside capital?

Accepted Answer

To scale a service business without outside capital, focus on lean operations and efficient processes. This means hiring for your weaknesses, firing fast when someone isn't a fit, and empowering your team to make decisions. By keeping your team lean and agile, you can grow sustainably without diluting your equity.