Fractional Hiring

Let's talk about ✨ fractional hires. ✨

💰 🛣 This is especially relevant for early stage companies who need to prioritize conserving capital and extending their runway as long as possible but still know they need to hire an expert to fill a specific gap in the team/ business.

Fractional hires can be instrumental to successfully scaling your business without having to make hard employment commitments. When you find your business in need of an expert with specialized knowledge but can't justify a full-time hire (or it's not in the budget) and don't want to make a sacrifice in quality - hire fractionally!

A few months into my time at Factored Quality, we decided it was time to find someone that could serve as a guiding force and provide strategic financial guidance for things like forecasting, budgeting, financial planning and more. It was important for us to find an expert that could click in to our business, help drive these areas, while allowing our leadership team to focus on the other core competencies of the overall growth and development of the business.

Enter Andi Ruda. She's been our fractional CFO for several months now and she's been one of the best decisions we've made. She's enabled us to understand all things Factored Quality finance with an extra layer of clarity; allowing us to be even more strategic in things like the way we hire, budget, and sell our services. In turn, it's significantly enhanced our operational efficiency and mitigating our financial risk (among other things).

In a sea of fractional CFO's, we chose Andi because:

1️⃣ She had familiarity with our business, our industry and our customers
2️⃣ She has a proven track record of success
3️⃣ Trust! She came highly recommended having worked with several people in our close network

💪 Andi has enabled our "young" startup to operate with a sense of financial maturity that I've never seen in a pre Series A or even post Series A organization.

So, when you find yourself looking for an expert but don't have the work (or budget) to justify a full-time hire - don't sacrifice.