How Fractional CFOs Are Increasing Their Value and Taking on New Customers
Fractional CFOs (FCFOs) have become an increasingly popular CFO solution over the past few years. Between 2019-2020 there was a 27% increase in CFO resignations, which started a CFO shortage that has only gotten worse since then due to the Great Resignation and skills shortages.
In addition, the large increase in startups has created a demand for part-time CFOs who provide valuable expertise and low fees for these smaller companies. However, with a recession looming, many Fractional CFOs are worried that they will lose their customers due to budget cuts.