No project involving software development can be cheap. Typically these budgets can reach tens of thousands of dollars.
However, when it comes to something that requires the use of advanced techs, they can even grow up to several thousand dollars. So, how can you prevent your budget from inflating without compromising the quality of the final solution? Now, we will share our insights with you.
Just Hire One More Specialist
To be brief, the question of how to best spend your financial resources almost always comes down to the correct choice of project’s tech stack. However, as practice shows, when it comes to non-standard solutions with long-term prospects for evolution, the expertise of ordinary software engineers is not enough to select the optimal set of tools that would ensure the achievement of all business goals. In fact, this is why you may need to outsource Chief Technology Officer.
At the same time, if the issue of maintaining budget and time resources is an extremely high priority for you, instead of hiring locally, it makes sense to consider cooperation according to the model of CTO as a Service for business.
What Do You Get with This Approach?
In a nutshell, cooperation with CTO as a Service means hiring a dedicated specialist who, instead of working in the same office with your team, will interact with it remotely, according to the agreed schedule. This could be a full work week, on-demand calls, a one-time consultation, or any other option that suits you the best.
Therefore, you will receive all the same CTO services, but, at the same time, you will be able to save both on the time of searching for such a specialist (after all, your outsourcing digital partner will select talent with the necessary skills for you in just a week or two) and on salary (since you will not have to deal either with taxation accompanying the official employment of new employees or with inflated rates in your specific region for the services of C-level specialists).
In all other aspects, CTO consulting services are identical to what they would be like if you hired such an expert in your office: they will help you select the optimal project architecture and tools for its implementation, provide the necessary advanced training for your specialists, organize comfortable communication with stakeholders, develop a roadmap for your project, help with whitepaper creation, and much more.
In general, based on all of the above, we can come to a completely objective conclusion that CTO as a Service for startups is the best option. Moreover, cooperation with a virtual Chief Technology Officer will be much more convenient from all points of view, except that your project does not imply special privacy policies for your business data and that it should be closed to non-official-employees of your company.
Final Thoughts
Now, knowing that the issue of cost efficiency can be easily resolved with the help of outsourced CTO as a Service, you can begin to compile a list of the skills you need and search for a company that would provide you with access to its talent pool. By the way, you can contact us to calculate the CTO as a Service cost in your specific case, as well as outsource Chief Technology Officer directly for your project.
