What is Fractional CTO and Why Should Startups Outsource CTO?

Want to turn your startup into a unicorn? Then you must know what is fractional CTO and how it benefits your startups. You are looking for cost-effective tech solutions for your venture. So, don’t spend much on hiring a full-time CTO when the experts are available as and when you want them. Read on for a better strategic move for your startup toward an excellent enterprise-grade tech solution.

Influential entrepreneurs like Mark Zuckerberg, Steve Jobs, and Elon Musk have inspired billions of people worldwide to venture into something creative by sacrificing their traditional 9-to-5 jobs. Highly valued startups are called unicorns referring to their exclusiveness and elusiveness.

The United States, China, and India are major countries having startups and unicorns.

According to DemandSage, around 50 million new startups get established every year which means on average 137000 startups are launched every day. But what is worth noting is that according to several reports, 9 out of 10 startups fail and 2 out of 10 new startups fail in the first year of operations.

While some startups fail due to fund crunch, others lack sheer inputs of management of automatization of the company’s operations because if you fail in building enterprise solutions with proper customization and roadmap, your company will suffer from mismanagement and mishandling internal and external operations.

This is where startups should outsource CTO, a fractional CTO.

What is fractional CTO?

In simple words, fractional CTO or a fractional chief technology officer is a C-suite executive who offers their tech expertise and leadership to a company. This service is either a contractual base or part-time.

Fractional chief technical officer services for startups would provide a strong technical foundation to develop digital products, primarily software solutions i.e., web and mobile app development. You can hire a fractional CTO to execute your enterprise mobility software solutions with ease.

The fractional chief technical services emerge as a game-changer step as you get access to C-suite executive experience and guidance without full-time commitment.

What are the benefits of a fractional CTO?

There are myriad benefits to outsourcing CTO for any business, especially startups. From cost-effectiveness to availing yourself of the best technical expertise and assurance of optimum enterprise-grade software solution development, everything in fractional CTO services is beneficial for your startup growth.

Cost-effective

A fractional CTO can save costs because a full-time CTO comes with a hefty salary and wages. Startups are generally bootstrapped and have limited resources and funds and, therefore, cannot afford this. Startups outsource CTO for a more manageable cost structure as they work typically on a part-time or project basis. Hence, small enterprises can tap into high-level tech expertise without digging a hole in their wallet. You can divert the precious capital toward other essential areas of startups.

Focus on core business

When you outsource fractional CTO for tech leadership, you are free to focus on other managerial tasks. You free up valuable time and energy that is otherwise spent on the intricacies of setting and/or managing the tech infrastructure. As you hire fractional CTO, you and your core team can focus on other essential high-value tasks such as nurturing customer relationships and building core business strategies.

Strategic guidance and diverse experience

You are assured to build a strong tech foundation when find a fractional CTO for your startup needs. A fractional chief technical officer’s strategic thinking and experience will help you venture get on the right direction. These tech experts can guide you for a long-term tech roadmap and provide fresh perspectives to offer diverse expertise that is neutral and not biased.

Seasoned leadership

When you find a fractional CTO, you are finding a seasoned tech veteran with immense experience in mobile and web apps technologies. They bring a wealth of knowledge and strategic approach to the table which helps you define your long-term tech goals for informed decisions.

Unbiased perspectives

When you outsource CTO, they come with unbiased and fresh perspectives. Being an outsider, this is a valuable benefit as these tech experts can logically challenge your assumptions and bring newer ideas and inputs to foster innovation within your startup.

Multifaceted expertise

If you think what are the benefits of a fractional CTO? There is no end to it. Fractional CTO services include myriad functions and specializations. Whether it is cybersecurity, cloud computing, software development for mobile and web technologies, consultation, or risks in building or deploying digital products, fractional CTO services will include all mentorships.

Flexibility and scalability

Startups can scale their tech leadership needs up or down depending on their needs as they leverage targeted support by outsourcing fractional CTOs from an offshore IT agency. This makes startups have the best tech strategies in place to stay ahead without taking major risks.

The right-size support

Startups tend to grow in their needs and strategies over time. Thus, the tech needs will evolve, and to meet that a full-time CTO will cost you an arm and a leg, especially in the initial stages. A fractional CTO will allow you to scale your tech leadership up and/or down based on your present needs. Startups can benefit from their tech expertise for a specific period or hours a week. They can then gradually increase as and when the need arises.

The right tech support

The fractional CTO services can be used for specific projects or technology support. Because the hired C-suit resource can help you for a specific period and for a specific task to overcome hurdles of all technical kinds. This is a much-cost effective option over hiring a full time chief technical officer at your premises.

Reduced risks

Hiring a full-time chief technical officer would be a big decision and it takes up a considerable amount in your monthly budget. When you find a fractional CTO for hire, it allows you to test the waters and build a strong professional relationship before considering a permanent role. Startups can assess their capabilities and cultural match to anticipate the results before taking a big leap.

How to find a fractional CTO?

You can outsource CTO for a startup, and it will be a strategic advantage for your new venture. Nevertheless, it is essential to get the best fractional CTO offshore. On the market are many resources available especially from outsourcing hubs like India. But you need to ask several questions to yourself such as ‘what is fractional CTO position,’ ‘what are the benefits of a fractional chief technical officer for startup’, ‘what does a fractional CTO do?’ and the like.

Here are a few factors that will help you identify the best fractional CTO for hire.

• What is the reputation the offshore IT agency has where you are thinking of outsourcing the CTO?
• What are the benefits of having a CTO from this company?
• What extra CTO services are provided by the company?
• What experience do they have, and in which domain of IT?
• Does the fractional chief technical officer have a cultural match?
• Is your fractional CTO for hire exposed to your industry/region?

How much does a fractional CTO cost?

The exact cost to hire a fractional CTO offshore is difficult to quote because it all depends on several factors such as –

• What type of fractional CTO do you want?
• What is the project?
• How big is the project?
• Is it a short-term hire CTO or long-term?
• Do you want to find a fractional chief technology officer for a specific phase of a project or the entire project?
• What exactly do you expect from fractional CTO services?
• How many hours a week do you want CTO services for?

You may contact an IT agency offshore to discuss the cost of hiring fractional chief technical officer. WeblineIndia has been serving startups of all sizes and kinds for the past 25 years for mobile and web technologies. You can contact us for premium fractional CTO services at affordable costs. Discuss your business ideation and we will help you with techno consultation to build a foolproof roadmap to success.

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