Can I Outsource a CTO?

PublisherSol Minion Developmenthttps: Small Business strategycybersecurityc-suite

It’s time to hire a CTO. Technology is central to your business performance and/or product development and revenues, and you need a leader to map out your strategy and implement it. Hiring a CTO is a huge step for a small business -- but maybe it doesn’t have to be. Can you outsource a CTO? Yes. CTO-for-hire, fractional CTO, or CTO-as-a-Service, whatever you call it, is a great option for a small business looking to get the leadership it needs to stay ahead of its competition, current with its customers and dialed into its supply chain.

What Is A CTO-for-HIre or Fractional CTO?

A fractional CTO is a part-time technology professional with the leadership and experience to create plans and strategies for a company’s technology. This technology may include internal software systems, customer-facing solutions, and integration of several different platforms. Once a business sees that the importance of technology has reached a level beyond the capabilities of its current leaders, a fractional CTO may be just the solution to leverage technology and achieve those business goals.

Fractional CTO or Full-time CTO?

The best indicator that you’re ready to hire a full-time CTO is that you already have one by a different title. If you have an IT Manager or Director who is managing different groups -- software, hardware, product -- then you likely already have a CTO. You might be ready to hire one with the right experience and credentials to take those teams to the next level, with a strategic focus.

Outside of that scenario, starting off with a fractional CTO instead of hiring a full-time position will likely make better financial sense. If your business has opportunities to leverage new technology, is feeling pain from outdated systems, or has other leaders taking on the CTO role, then the timing is likely right to start off with a CTO-for-hire.

The Cons of Outsourcing the CTO Position:

  • A fractional CTO will likely be working with several businesses, which can lead to a perceived lack of focus or in-depth understanding of the business.
  • When it comes to very long-term planning -- say over five years out -- then a fractional CTO may not be around to see that through. But in reality, a full-time hire may also not be around that long.
  • A fractional CTO is an “outsider” and may not buy into the larger corporate culture or way of thinking.

The Pros Of Outsourcing The CTO Position:

  • A fractional CTO works with several businesses, building a unique and broad perspective on technology, including real-life use cases an in-house CTO may not have.
  • Long-term planning always begins with the near term. A fractional CTO can lay the groundwork, the launching pad, for long-term technology plans. And technology changes so fast that looking too far into the future can cause missed opportunities.
  • A fractional CTO is an outsider who brings in new ways of thinking, new ideas, and diversity. New ideas -- isn’t that what technology and innovation are all about?
  • Cost savings in salary and benefits.
  • Your business can adapt quickly and adopt technology immediately, without the extended search, hiring, and onboarding of a new leader.
  • If security and protecting your company from cyberattacks is a fear, a part-time CTO can button up your security quickly.

Yes, You Can Outsource A CTO

Making the decision to bring on a CTO is a big one. There’s a lot of expense involved in addition to the fact that anything “technology” can seem like a giant guess to many leadership teams. A great way to fill a new CTO position is with an outsourced CTO -- a fractional CTO.

Contact us to discuss how a fractional CTO can help your business leverage technology to get a step ahead of your competitors and offer the service level your customers demand.

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