Compared with their larger rivals, small and medium-size businesses (SMBs) have a whole host of advantages. They are nimbler, can quickly launch experiments, and can more easily build strong corporate cultures. But for all the advantages that SMBs have, they also have to cope with some weaknesses.
Some of the most glaring weaknesses are cash constraints and lack of experienced human capital. Combing these weaknesses can make it difficult to do everything from manage working capital to raising a seed or series A or B round.
Most SMB founders try to work through these challenges. They spend countless hours making up for these weaknesses, even though they are busy with the other aspects of running their businesses. But even after doing this, they often discover that they aren’t completely satisfied with the results.
This is where fractional CFOs can provide a wealth of value. Fractional CFOs provide the twin benefits