How to maximize business growth by hiring a Fractional COO, with Valerie Hayes

Comments? Suggestions? Text the show here! Staying on top of day-to-day operations can be daunting and this can be especially challenging for small businesses with CEOs often juggling multiple roles to keep their companies running smoothly. But what happens when growth takes off and those responsibilities become too much to handle? This is where a fractional COO can be a game-changer. Their expertise and guidance can help optimize your operations and free up valuable time for you to focus on driving business growth.But what exactly is a fractional COO, what do they do and how do they help take your business to the next level? In today’s episode, our guest Valerie Hayes and I discuss the role of a Fractional COO and how they can drive business growth by optimizing operations, including managing remote teams.Valerie is on a mission to help overburdened entrepreneurs, small business owners, and CEOs establish their businesses as industry leaders without working 24/7/365 days a year. As a Fractional COO/EOS Integrator, she helps untangle everything that's not working smoothly, sorts them out, and puts it all back together. No more late nights stuck at your desk trying to figure it all out.She is here to give us some actionable insights on how you can balance running day-to-day operations with implementing your ideas to grow your business.We discuss:03:49 How do you describe your role as a fractional COO and how do people find you?12:03  What are some of the biggest issues that prompt people to seek a fractional COO for their business?15:26 How does having the right people affect the impact of processes and procedures on a business?16:59 When you begin working with a new business, how do you prioritize which areas to focus on first, given the many issues that need addressing?20:07 Have you ever encountered a situation in which employees were resistant to change, resulting in an exodus of personnel who disagreed with the new direction?26:41 How does managing a virtual team differ from managing an on-site team, and what are some key considerations to consider when leading remote workers?33:36 What strategies do you recommend for effectively managing the work and workflow of virtual teams?37:05 How do you measure the effectiveness of creative work being done by remote team members, such as an offshore marketing person who is responsible for planning, conceptualizing, and strategizing?40:12 What factors should a business owner consider when deciding whether to let an employee go or to move them to a different role within the company?42:38 If someone struggles to manage their virtual team, what is one actionable step they can take next week to improve their ability to manage the team effectively?Resources:Valerie Hayes, Fractional COO, EOS Integrator & Entrepreneur. Valerie Hayes and Company:https://valeriehayes.com/LinkedIn:https://www.linkedin.com/in/valeriemhayes/Facebook:https://www.facebook.com/valeriemhayesEmail:[email protected] Svetina, Fractional CFO:https://www.newcastlefinance.us/Blog post | How to Maximize Business Growth by Hiring a Fractional COOhttps://www.newcastlefinance.us/post/how-to-maximize-business-growth-by-hiring-a-fractional-cooIs your growth causing financial headaches? Sales up, but profits lagging? Financial practices stuck in entry level mode?Don't worry, it's not you—it's your financial setup.Introducing NextGen Finance Blueprint by NewCastle Finance. This CFO-led roadmap: • Brings fuzzy finances into focus • Gives you a clear money picture • Creates a step-by-step action planReady to level up? Visit newcastle.finance/blueprint