Frequently Asked Questions
What does a COO do for a company?
The Chief Operating Officer, or COO, is a senior executive tasked with overseeing the day-to-day administrative and operational functions of a business. The COO typically reports directly to the founder, owner, or Chief Executive Officer (CEO), and is considered to be the company’s second-in-command. In some cases, the COO has the title of Executive Vice [...]
Do I need a business consultant?
There are multiple answers to this question, depending on things like the stage of your business evolution and the specific issues you are grappling with. But the short answer is that if you are looking to optimize the health and profitability of your business, a good consultant can help you achieve your goals. Signs You [...]
COO vs. Business Owner Page
I like to say that a business owner is in charge of their company’s overall direction, and their Chief Operating Officer (COO) is in charge of how the company will get there. In other words, the owner or founder has the vision – and the COO brings it to life. The business owner is responsible [...]
When is it time to hire a COO?
Running a small business is becoming increasingly more complex. Company owners must tackle challenges ranging from managing a hybrid workforce to building a strong brand in an overcrowded marketplace. If your business is growing and you are acting as both the CEO (Chief Executive Officer) and COO (Chief Operating Officer), you will likely find yourself [...]
Should I outsource my CFO?
Small business owners often start out with limited resources and take on multiple roles and responsibilities themselves. As the business grows, it becomes increasingly difficult for them to continue to juggle their ever-increasing workload. Over time, those who fail to delegate responsibility and stretch themselves too thin risk damaging the health of their business. Successful [...]
How Is a CFO Different Than a Bookkeeper or Accountant?
Keeping financial records for a company is a complex process involving many steps. In larger companies, these steps are separated into different roles and responsibilities, such as a bookkeeper, an accountant, and a Chief Financial Officer (CFO). Smaller businesses may not have the need for – or the resources to hire – full-time staff to [...]