If you’re a small business owner, I already know one thing about you – you are tenacious. I work with small businesses every day, and I have found this to be true for every business owner, from one-person shops to my boss, Michael Dell himself.
Starting a small business is hard, no question about it. You’re choosing the right name, registering a domain, setting up accounts, securing funding and finding the right team to help your business grow. Are you stressed yet?
While there are dozens of decisions to make, there is one you can hold off on: hiring a CTO.
If you’re shocked that a technology company is telling you that you don’t need a technology decision-maker, you’re not alone. But waiting to hire a chief technical officer (CTO) can save you precious capital – sometimes over $250,000 annually.
That’s not to say that you should ignore technology decisions. In fact, setting up the right technology is one of the most crucial components of the success of your business. The trick is to know the right avenues.
Here are a few reasons that owners often (mistakenly) think they need to hire CTOs.
1. Owners have great ideas about what technology can do for their company but can’t execute it themselves.
When starting a business, you’re responsible for every decision, from expressing your idea to investors to choosing and managing the tech tools your team will use. It can be tempting to hire someone who knows how to best design and manage the software that will bring your team to success. However, the person for this role may not be a CTO – you may be able to design the right tech suite with external contractors and partners.
2. Owners feel they don’t have the expertise to manage technology.
Call it survival of the fittest, but company leaders, regardless Read More Here