A COO is a top-level executive whose primary focus is on the operations of the business. The right COO can improve your productivity and efficiency. Many companies forgo this role during their initial stages. This creates a gap in which the company has some need for a COO but not enough to justify a full-time position.
A Fractional COO is a consultant who functions as a part-time chief operating officer. Your company gets the insight of a top operations executive without having to bear the full-time cost. It is a powerful way to achieve your organization’s goals in an affordable manner.
Creating growth opportunities that align with your vision can be challenging. I will identify your superpowers and then explore all the opportunities to expand your business. Next we will create your growth plan along with key indicators to measure your progress. Your growth plans will be scaled to ensure the organization can properly manage all the new opportunities.
Business Foundation / Guiding Principals
- Vision: what your company will look like in 10 years
- Mission: defines the service that you offer your customers
- Core Values: key words that define what you stand for
You need to know what you are working towards to be able to know what needs to be done. Without a long term vision for your business, you will struggle. I will help you to see and create the long-term vision for your business. Then we will create the mission statement and core values that will help to guide and support your development.
You might think that it’s a massive undertaking, but it’s not. How do you determine what to do and when? Defining your vision along with my Opportunity Matrix will identify the areas for development. I will help you create the plans that will move you toward your vision, with the flexibility to adapt to change. The benefits from a strategic plan are:
- Your team has a plan to follow
- Employee retention will increase
- Strategic alliances will be created
- You will create manageable growth
Your ability to control costs has a direct impact on your profitability. Reducing spending and improving accounting practices will have a positive impact on cash flow. Improving your operations and processes will reduce costs and improve profits. I will provide you with the tools to help you create and measure your current profitability and create a plan to identify strategies to improve.
What information do you use to manage your business? A summary of essential information describes the overall health of your business at a glance. I will help you to identify the key areas and create the key performance indicators that will be used to measure performance as your business moves forward.
Preparing for a Sale or Succession
The question isn’t whether you want to sell or transition your business, it’s about preparing for when it will happen. Wether you like it or not, the time will come for you to leave your business, so you need a plan. The plan won’t determine a date, but it will help you to start planning and increasing the value of your business. The goal is to attain the highest possible return from your investment. I sold my first business for a 9X multiple, and 4X what I paid for it, and I can help you achieve a similar result.
Looking for someone to come in and speak to your employees? I am an energetic and motivated speaker who can create an engaging presentation for any topic or message you want to communicate to your team.
Founder, Grierson Consulting