What is a Fractional CTO
A Fractional CTO is a tech, product, and business strategist whos focus is uncovering unique ways to leverage technology to meet your business goals. The Fractional in Fractional CTO refers to the level of work a Fractional CTO will provide. They typically work for a fraction of the time, on a fraction of you projects, and for a fraction of the cost of hiring a full time technologist.
What can they do for me?
There are three core returns you receive when you work with a Fractional CTO:
- A Fractional CTO will save you a lot of time.
- A Fractional CTO will save you a lot of money.
- A Fractional CTO will help make you more money.
Let’s break this down.
A Fractional CTO will save you a lot of time
Any of this sound familiar?
- You’re a startup founder delivering your service using a slew of disjointed tools to deliver a delightful experience to your customer.
- You’ve had to determine wether building vs. buying a product is right for your business.
- You struggle to innovate and uncover creative opportunities for growth.
- You have a solid solution but it’s not scalable.
- You’ve worked with multiple freelance software engineers who couldn’t deliver and didn’t take the time to understand your vision.
Working with Fractional CTO will cut the amount of time you spend going back and forth in situations like the above. By working with a tech professional long term, you get the benefit of having a go-to resource who intimately knows your business and can generate solutions that help you achieve the pressing needs in your business.
A Fractional CTO will save you a lot of money.
The salary of a full time CTO is in the $130k-$300k+ range.
When you’re a seed stage startup or small business, working with a Fractional CTO will save you money on the cost of hiring a full time worker. Keep in mind that this is the salary of the Fractional CTO – this does not include hiring, interviewing, onboarding, etc.
A Fractional CTO typically bill hourly within the $120-$300 per hour range.
Aside from the hiring costs, a Fractional CTO will also support you with cutting operational costs and keeping them costs low by staying abreast of the latest technology.
A Fractional CTO will help make you a lot of money.
A Fractional CTO has been around the block. By that I mean, they have worked with multiple companies, worked on countless products. When it comes to generating ideas, new features, uncovering opportunities to make more money – a Fractional CTO has been there.
Fractional CTO is a highly strategic role. They will typically help you build your technical product roadmap and vision.
So, what’s the real ROI?
The Return on Investment is peace of mind — and potentially $1000s of dollars. Fractional CTO’s save you time, money, and help you make a ton of it.
Let’s put it this way, say you are building an MVP at a $50 per month per user price point. The Fractional CTO will help you create the MVP that appeals to your target customer. They’ll also save you the headache of having to hire multiple freelancers. And they’ll get you to market faster than if you were to try to hack something together your self. When time is money – how much is that worth?
Interested in seeing if I’d be a good fit to serve as Fractional CTO for your company? Same here. Grab some time on my calendar and let’s connect!