When is it Time to Hire a CIO?

As your company grows, however, there comes a point when the wise business owner realizes that they just can’t do it all—so it’s time to cede some of that responsibility elsewhere.

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As an enterprising business owner, you probably have a million balls in the air all the time. You’re busy growing your company, driving innovation, and bringing on new team members to do the same. As your company grows, however, there comes a point when the wise business owner realizes that they just can’t do it all—so it’s time to cede some of that responsibility elsewhere.

One of the easiest elements of your business to hand over is often your internal technology department, usually handled by a Chief Information Officer, or CIO. But while you certainly don’t need to add someone to your C-Suite if you’re the company’s only employee (and you work out of your garage), it’s important to bring in an IT expert before your processes get too large and complicated to easily address.

Here’s how you’ll know when it’s time to bring in a CIO:

Your Company has an IT Department

Although it may seem obvious, we’ll say it anyway: The moment you have a technology team or an IT department, it is time to hire a CIO. If you have enough internal work for several members of an IT staff, that staff needs specialized leadership that can make important decisions for the team and ensure that your company stays up to date. Without a leadership figure who can guide your IT department, that team can quickly fall behind and hinder the development of the rest of your business.

Your Company is Relying On Outdated Tech

One of the primary duties of a CIO is to maintain both your IT processes and equipment. If your tech is several years old, and you’re starting to feel that you’re operating significantly slower than your competitors—stop. It’s time to bring in a CIO, whose role is dedicated to continuously upgrading your technology across the whole company—and training staff to use it. This will save you significant time and money in the long run!

You’re Experiencing Rapid Growth

If your business is in a high-growth phase, a CIO is a wise investment upfront. By bringing in an expert to manage the growth of your IT systems and processes, you’ll ensure that you operate as efficiently as possible before, during, and after your period of rapid growth. Where your competitors may be bogged down by systems that no longer serve their needs, you’ll have the latest and most efficient technology available to serve your customers at all times.

Final Thoughts: What if I Can’t Afford it?

If you can’t afford a full-time CIO, you can still seek out an expert in the field to provide part-time assistance to your team. At 72® Services, we specialize in working with evolving businesses to help you get your IT systems in order, and can provide a place for younger businesses to start. If you’re ready to modernize your existing systems or reinvent them entirely, contact us today. Whatever your needs, our expert software architects are here to help.