What is a fractional CTO?
A fractional CTO (or fCTO) is a senior professional that guides vision and delivers results like a traditional CTO, but on a part-time basis. This allows small- and medium-sized businesses to gain access to experience and expertise without needing to employ a salaried executive. Everyone from startups to established companies that are looking to grow or be more efficient can greatly benefit from having a trusted innovator within arms’ reach.
What you may be thinking right now:
“We aren’t big enough yet.”
It’s common for companies to feel this way, and they act accordingly. They continue using the same systems, with the same methodology, and getting the same results. Don’t let this happen to your company or your employees. A cost-effective technical resource is worth their weight in gold as companies strive to grow and get better.
“We aren’t a technical company.”
We hate to break this to you, but yes, you are. Technology is all about communicating. Unless you don’t take phone calls or respond to email, don’t have a website, and only use word-of-mouth advertising from walk-in customers to your brick-and-mortar store, you are dependent on technology in some fashion.
“We’ll hire someone later when we make enough profit to afford a new senior-level salary.”
Waiting on profits that might never come to hire a specialized executive to help lead the way is a fools’ errand. A solid technical vision and direction is a surefire method of increasing profitability and decreasing costs in the long run.
“We tried that…..it didn’t work! We paid them for a year and nothing changed!”
This can and does happen in business; sometimes, it doesn’t work out. This is true of every level of employee, and it’s especially painful when the salaries involved are at the top of your pain threshold. This is part of the beauty of a fCTO: you are not committing to a full-time salary and you get access to those needed resources in a fiscally-responsible manner. It truly is a win-win!
If you need a short- or long-term fCTO, please contact us to discuss your needs. Even seemingly small decisions can have a lasting impact on your company and its employees. Don’t let the future of your company wait one more day before getting on a better track.