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Maximize Profits and Minimize Expenses As a business owner, it’s natural to want to maximize your profits and minimize your expenses. However, there’s a fine line between being financially savvy and treating your company like a personal piggy bank. Co-mingling personal and business expenses may seem like a convenient way to reduce taxes in the…

  No one likes meetings that go on forever or lack focus and end without clear next steps. A clear, focused meeting with a time limit, structure, and action items can motivate everyone involved. These kinds of meetings can drive progress and make people feel valued. Here are a few ways that Fractional COOs can…

  Any small business must optimize its cash flow to operate efficiently in the short term and to remain operationally healthy over the long term. Many obstacles confront a business owner, or the leadership team, in optimizing the business’s cash flow. Here are five ways to solve problems with cash flow. Forecast Cash Flow A…

  Not every business is ready to work with a Fractional COO. It’s an important decision and is the reason why Davidson Value Advisors always takes the time needed to make sure that any engagement will be a good fit. Here are a few questions to consider as you begin to consider working with a…

  If you’re running a small business, cash flow is always top-of-mind. The flow of cash into and out of a growing small business can be the difference between success and failure. Research from U.S. Bank found that 82% of small businesses failed due to poor cash flow management or a poor understanding of cash…

  Fractional COOs come from many different backgrounds, and each may have a different approach to day-to-day operations and managing teams. Most fractional COOs will expect to have an introductory call or meeting where they can spend some time getting to know your business. This will include understanding your key business metrics, your current strengths…

  In 2022, employees are thinking more than ever about how they do their best work. Even companies with a standard full-time office environment are now exploring new flexible working arrangements to attract new talent and retain their best employees. Working from home (WFH) and hybrid working arrangements are gaining popularity for positions that can…

  The Working Genius framework consists of two sides. One is the working genius (as the name suggests), which lays out a person’s working geniuses, or the areas they excel in and derive the most energy from in the working environment. The other area is the person’s working frustrations or the areas in which they…

  One of the core tools that we come back to again and again is an organizational framework called Working Genius, developed by Patrick Lencioni. Working Genius helps business owners and managers to identify their team’s strengths and areas of improvement. Business owners and team leaders can better structure their work environments and ensure that…

A fractional Chief Operating Officer (COO) fulfills many of the same duties as a traditional COO, but on a flexible basis. Traditionally, a COO oversees the day-to-day administrative and operational functions of a business. As a company grows, it will begin to bring on executives (or promote from within) to fill senior management roles. As…