What is a Fractional COO and How Can They Help Small Businesses?

What is a Fractional COO?
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When a founder starts a business, they usually start by wearing all the hats; “Human Resource manager,” “Operations Manager,” “Marketing director,” Etc. The problem is that while they are experienced in their field, they are usually not very experienced in the other fields out there. Take a landscaper who starts a landscape business, maybe they have leadership experience, they are really good with landscaping, but they do not quite know how to run a company. While they are very good at many different things, having them work in all aspects of the business can lead to mistakes or time management problems. This is where a fractional COO comes in. The is like having a COO but on a part time basis. A founder right off the bat usually can’t go off and hire a new employee right away to accomplish these tasks but they can hire a fractional COO.
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Benefits of a Fractional COO:

1. Can’t Do, Don’t Pay! This is one of our mottos at Buzzy Work. This is because with a traditional employee, hiring them means you pay their salary no matter what. You pay them while they are learning, while they are trying, and while they are failing. With a task-based COO, you no longer have this. You set a task, they either complete the task or they don’t. If they complete the task, you pay a flat rate (Regardless of how long learning took). If they can’t/don’t complete it, you get the task credited back to you!
2. Flat Rate: As stated, tasks are a flat rate, whether they take 10 mins or 10 hours or learning, you do not pay for skill development, you simply pay for the completed tasks. You email in the tasks and are taken out of your tasks credits your subscription allows for. Further there are no additional costs such as health insurance, insurance, employer taxes, paid days off. Nothing, you pay a FLAT RATE.
3. Need Based: If you are just starting a business, chances are you do not have enough tasks for a full-time employee, though it may feel like that sometimes. Often times there are a wave of tasks, then it settles, then a tidal wave, then nothing. This back-and-forth action makes it difficult to hire an in-house full or part-time employee because you never know when you will need them. With a task-based method, you can build up your tasks and use them all at once or if it’s consistent then you can use them as needed. (Just make sure to use them by the end of the year!)
4. High Level: When starting out, you often just need a couple of these higher-level tasks, while 90% of the job is low level, though to get that employee capable of handling those top few tasks you have to hire a top-level performer. With a task-based COO you can higher the appropriate employee while we handle the high-level tasks.

Try Buzzy Work today, your task-based COO that will help your business start up on top! With our task-based approach on operations, there will be no more guessing on prices, no more trying to fill the hours. Set pricing, high-level completion every time. Not sure if you are the right fit? Contact us today and schedule a free call to discuss what tasks your business needs to achieve!