Cor-Ops will evaluate the current operations and market position of the company and give recommendations on improvement. The evaluation consists of determining the goals of ownership and comparing them to the current position of the company. Many companies will benefit from this. Often the day-to-day operations of a company can be overwhelming or time consuming, which does not leave time for the ownership to make plans. This service is a check up on the company where we give an outside perspective on the company. We give an analysis of current conditions and steps to move forward and meet upcoming demands.
After an evaluation is complete the operations advisor will meet with the management of the company each week to discuss the plan being implemented. Our goal is to keep moving forward in an organized and strategic way that will keep the company moving smoothly, will not overwhelm management and employees, and make changes to the plan as needed based on the results of the activities.
This has multiple benefits, first it help to keep management focused on short term and long term goals with out being distracted by the day to day of management, breaks down the path into easy to manage steps to reach the company goals, address difficulty and challenges as they happen before they become major issues, and to help management create new processes as the company changes.
A fractional COO straddles the line between an employee of the company and a consultant. This is a resource for a growing company that is not ready to add a full-time employee to this position and accrue the cost of what will be required to bring on an experienced COO. This includes full-time salaries, insurance, onboarding and HR costs, profit share, etc. Hiring an executive can be expensive for a growing company. As a fractional COO we fill this role on a part-time and short-term basis. Usually less than a year, however some companies do utilize a fractional COO for longer periods of time as the size of the company does not require this position to be filled full time.
The FCOO will collaborate with the company multiple hours per week and will have influence over the day-to-day operations of the company including creating and implementing new processes and procedures that will meet the goals of the ownership of the company. The FCOO will have authority to make decisions that will affect employees, stakeholders, and clients. The authority and decision-making ability of the FCOO will be negotiated between Cor-Ops and the ownership of the company. The goal is to create workflow and best practices that will streamline how the company operates while helping to meet the desires of ownership.
The FCOO’s goal is to elevate the bottle necks of ownership so that the owners and managers of the company can do activities that have better return to ownership over day-to-day management