Fractional CFO Services in Minneapolis

A fractional CFO provides part-time, ongoing financial leadership for a business that does not need or want a full-time CFO. The role can include analyzing profitability, managing cash flow, building forecasts, defining KPIs, evaluating pricing and costs, planning capital needs, and guiding major decisions. Unlike bookkeeping, fractional CFO work focuses on interpreting the numbers and deciding what actions to take next.

A business may benefit from a fractional CFO when revenue has grown beyond the point where bookkeeping alone provides enough guidance. Common triggers include inconsistent cash flow, unclear margins, expansion or hiring decisions, financing needs, weak reporting, or uncertainty about where profits are going. MIV Partners specializes in founder-led businesses generating $1M–$15M in annual revenue.

Bookkeepers record transactions and maintain financial records, while accountants commonly support compliance, tax preparation, and historical reporting. A fractional CFO uses that information to guide future decisions. This includes forecasting cash, assessing margins, planning capital, setting management KPIs, and identifying operational changes that can improve financial performance. The functions work best when they are coordinated around shared business priorities.

A profit and cash flow diagnostic reviews how money moves through the business and where performance may be constrained. It can examine revenue, gross margins, operating expenses, receivables, payables, working capital, cash conversion, and customer or service profitability. Findings are translated into actionable recommendations to strengthen liquidity, address financial risks, and improve the drivers of profit.

Engagement timing is tailored to the company’s needs, but ongoing partnerships typically include recurring monthly financial reviews and strategic discussions. These meetings compare actual results against budgets and forecasts, review KPIs and cash flow, assess emerging issues, and prepare for upcoming decisions. Real-time guidance can also support leadership as material opportunities or financial questions arise between scheduled reviews.

Yes. Fractional CFO support can improve cash flow visibility and control by forecasting expected inflows and outflows, identifying timing gaps, evaluating working capital, and monitoring upcoming cash requirements. The work may also highlight opportunities in pricing, collections, payment terms, operating costs, or capital planning. The aim is to anticipate constraints early rather than reacting after cash becomes tight.

Yes. MIV Partners can coordinate with bookkeeping and tax professionals when additional accounting or tax support is needed. The CFO advisory role helps ensure their work supports the larger financial plan by clarifying priorities, identifying required information, and connecting financial reporting to management decisions. When specialized help is appropriate, MIV Partners can also coordinate with trusted external partners.

Start with a complimentary, no-commitment CFO Financial Diagnostic or a 30-minute Right Fit Call, scheduled by appointment through Calendly or direct email. The conversation covers your business stage, financial challenges, goals, and immediate decision needs. From there, MIV Partners can determine whether a tailored fractional CFO engagement and ongoing advisory cadence are the right fit.