Discover what sets Cardigan Consulting apart.

Frequently Asked Questions

Make an appointment

Unlock your business potential today.

Call Today

845.863.6177

Have a question?

Get answers to common questions about fractional CFO services, benefits, and how Cardigan Consulting LLC can support your business’s financial growth.

General

What is a Fractional CFO?
A fractional CFO is an experienced consultant who provides strategic financial guidance to organizations on a part-time or project basis. This approach offers the expertise of a CFO without the commitment and cost of hiring one full-time.
What are the advantages of hiring a Fractional CFO?
A fractional CFO offers expert financial advice without the expense of a full-time CFO.

With flexible services, you receive top-level expertise that can scale up or down as your
business needs. This adaptability allows organizations to manage cash flow and profitability effectively, without the ongoing cost of a full-time CFO.

Are Fractional CFO services right for my business?
If your business faces challenges with cash flow, profitability, strategic planning, succession, acquisitions, or financing but isn’t ready to hire a full-time CFO, a fractional CFO could be the solution. Hiring a fractional CFO is not just for a quick fix to a problem but more about transforming a business for long-term success.
What types of businesses benefit from Fractional CFO services?
Fractional CFO services are ideal for startups, small to mid-sized businesses, or organizations experiencing growth. Industries such as service, distribution, manufacturing, construction, retail, and real estate often benefit from these services, as they gain tailored financial insights without committing to a full-time role.
How does a Fractional CFO work with existing finance teams?
A fractional CFO complements your existing finance team, providing leadership and insights without replacing internal staff. They work closely with finance teams and other departments, helping improve processes, streamline reporting, and support high-level decision-making.
What specific services does a Fractional CFO provide?
A fractional CFO provides a range of services, including cash flow management, succession planning, budgeting, acquisition analysis, strategic planning, financial problem-solving, and KPI development. These services are customized to meet your business’s unique needs.
How often does a Fractional CFO work with clients?
The time commitment depends on the needs of your business. Some clients require weekly support, while others need only monthly check-ins or assistance with specific projects. Fractional CFOs provide flexible schedules that adapt to your goals and challenges.
Can a Fractional CFO help prepare my business for growth or acquisition?
Yes, a fractional CFO is skilled in preparing businesses for growth or acquisition. They provide due diligence, financial analysis, and strategic advice, helping you make informed decisions and ensuring that financials are well-aligned with your objectives.
Is hiring a Fractional CFO a long-term commitment?
Hiring a fractional CFO offers flexibility in terms of commitment. Many businesses engage fractional CFOs for specific projects or ongoing part-time support. You can work with a fractional CFO as long as you need their expertise, whether for a few months or several years.
How is a Fractional CFO different from a financial advisor?
A fractional CFO focuses on the overall financial strategy, helping guide a business’s financial operations, planning, and growth. Unlike a financial advisor, who may focus on investment advice or personal finance, a fractional CFO takes a holistic view of your business’s financial health.

Do you have more questions about fractional CFO services?

Contact Cardigan Consulting LLC today to discuss how we can support your business’s financial growth.