PART-TIME CHIEF OPERATING OFFICER
WHAT WE DO
- Our Part-Time COO Services provide the experience and support needed to get your business to the next level
- We support business owners for a specific project or on an ongoing basis for a few hours a week
- We help you articulate your strategic goals and lay out tactical steps to help you reach them
- Examples of the services that can provide you include: oversight of operational systems, oversight of sales operations, HR strategies, oversight of IT systems, strategies for growth or downsizing
WHAT ARE THE BENEFITS OF A PART-TIME COO?
LOWER COSTAn experienced full-time COO will cost you between $30,000 and $50,000 a month with salary and benefits. Most new and growing companies don’t have that kind of budget, but you still have the need for operational focus and discipline.
EXPERT ADVICEOften companies face a one-time issue or project that is incredibly important and requires a senior-level leader, but once that project is completed you do not need an ongoing full-time position. A part-time COO gets you that senior level person for 3 or 6 months to get things in order and you can have your existing staff run the operation from there.
TEST OUT THE NEED FOR THE ROLEBringing in a part-time executive lets you test drive the role and the person. If you are not sure whether you need a COO on a longer term basis, use the part-time approach to see first-hand if this position is the right fit for your structure - and it may even turn out that your part-time person turns into a great long-term hire.
GET A DIFFERENT PERSPECTIVEThe head of your operations doesn’t need to have experience within your industry – in fact I might argue that it’s better if they don’t. Someone who is good at running a company can apply best practices regardless of what you are delivering and bring your business to the next level.
SERVICE OFFERINGWe provide many different options related to our Part-Time COO Services. We customize our services to each client and are based on the complexity and duration of the mandate.
OVERSIGHT OF OPERATIONAL SYSTEMSFortress can take the management and oversight of your operational systems such as admin staff, HR, operations staff. We would also pinpoint potential bottlenecks and inefficiencies in your processes to improve productivity and cash flow.
OVERSIGHT OF SALES OPERATIONSAre sales a large part of your organization? If so, we can manage the sales staff and design key performance indicators, track performance, hire staff, handle HR issues.
HUMAN RESOURCESWe have over 20 years of HR experience, dealing with companies as small as 10 employees to over 50. We can handle on-boarding procedures, training manuals, annual/periodic reviews, salary consultation, and employee termination.
OVERSIGHT OF IT SYSTEMSFortress can be utilized to oversee the use of information technology in your company. Fortress can support or devise your company’s IT strategy and ensure that all systems necessary to support its operations and objectives are in place.
STRATEGIES FOR GROWTH OR DOWNSIZINGDuring periods of increased stress on the business, your Fortress will use its experience to help devise strategies to better meet opportunities or any challenges your business faces. They can prepare/adjust financial models, engage in meetings, and assemble the required experts to help you best navigate through this period.
STRATEGIC PLANNINGMany successful businesses practice an ‘evolve as things progress’ methodology where they lack any set plan on how they will achieve their objectives. Fortress can create a strategic plan that involves a comprehensive review of your present operations and plans on how you can pursue your short and long-term goals while mitigating your risks.
INITIAL CONSULTATIONIn this initial meeting we discuss your corporate objectives and the opportunities you would like advice on.
DETERMINE SCOPEIf after the initial consultation it looks like we will be a good fit as a part-time COO we work together to determine the scope of work. This will include tasks, duties, responsibilities, and duration of contact.
CONTRACT PERIODDuring the contract period we will work collaboratively, focusing on your business and its growth. At any point during the contract period the scope can be adjusted to better fit your needs.
We provide several different options related to our Part-Time COO Services. Our fees are custom to each client and are based on the complexity and duration of the mandate.
PART-TIME COO SERVICES: STARTING AT $125 AT PER HOUR OR RETAINER OF $2,500 PER MONTH
- Oversight of all operational systems within your business
- Service Operations
- Sales Operations
- Human Resources
- Information Technology (in organizations small enough not to have a CTO)
- Finance (in organizations without a CFO)
- Strategic advice