Should I Hire a CTO?
Are you a small business owner struggling to keep up with technology? Do you have a team, but you don’t know how to help them improve technology solutions for your business? Are you considering hiring a Chief Technology Officer (CTO)?
Poor customer service costs businesses more than 70 billion dollars a year. Improving your customer communications using technology is a great way to support your customers.
Hiring a Chief Technology Officer can feel like a giant leap. If you’re wondering when you should hire a CTO for your business, here are some ideas.
When to Hire a CTO
If you think you might need the support of a Chief Technology Officer, it’s the right time to hire one. Here are several clues that indicate you should be searching for the right CTO for your team today.
Your Tech Team Needs Direction
A good CTO is a long-term visionary that can move your business forward. They understand your company’s business needs and can use that understanding to create a strategy to direct the technology team.
They will support your current technology team, ensuring they have the proper training and equipment to meet the needs of your business.
You Have an Overwhelmed Team
You know it’s time to get some help when your current team can’t keep up with your existing software and hardware needs. A significant upgrade can be scary, and a CTO will help you plan for a smooth transition.
Your Tech Is Out of Date
Improvements in technology occur every day, and it’s challenging to keep up. Even if you have tech skills, you have many other tasks to perform as a small business owner. A CTO will bring the expertise you need to update your software and hardware technology.
You Are in a Competitive Market
Your business needs to use tech to automate and improve processes. When you don’t have the tech expertise to investigate potential projects, your business can fall behind in a competitive market.
It’s essential to keep open lines of communication with your customers. Good customer service includes quick response time, and there are many ways to use technology to assist with that task.
CTO as a Service
A full-time CTO can cost a lot of money. If you don’t have the budget, it’s a difficult decision to make. Don’t you sometimes wish you could hire a part-time CTO?
That’s where a fractional Chief Technology Officer will help. They are virtual CTOs that are available part-time to work on whatever tech project your business requires.
When you have a great business idea, but you don’t have the expertise to implement it, consider a fractional CTO for the job. They are more affordable than a full-time person and will bring the skills and strategies needed to guide your business.
Make Your Decision With Confidence
When looking at ways to support the tech needs of your business, it’s a good idea to know the best time to hire a CTO. When you take the time to do your research, you’ll make the right choice.
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