• Breaking News

    Saturday, July 6, 2019

    Business We often hear about people who left everything to become entrepreneurs. A study from 2017 shows That 29% of the Entrepreneurs in the U.S became one because they had no choice

    Business We often hear about people who left everything to become entrepreneurs. A study from 2017 shows That 29% of the Entrepreneurs in the U.S became one because they had no choice


    We often hear about people who left everything to become entrepreneurs. A study from 2017 shows That 29% of the Entrepreneurs in the U.S became one because they had no choice

    Posted: 05 Jul 2019 04:36 AM PDT

    40% of Americans say they still struggle to pay bills… This doesn’t look like the best economy ever…

    Posted: 05 Jul 2019 08:07 AM PDT

    Crude Oil Falls on Week as Traders Worry About Demand By Investing.com

    Posted: 06 Jul 2019 12:54 AM PDT

    This bunk bed is $1,200 a month, privacy not included

    Posted: 05 Jul 2019 06:30 PM PDT

    The World's Most Sustainable Enterprises are Long-lived - Top 100 enterprises reach an average age of 87

    Posted: 05 Jul 2019 08:50 PM PDT

    Year one in US-China trade war takes $20bn toll on their exports

    Posted: 05 Jul 2019 12:29 PM PDT

    Hedge Funds Now Tracking Private Jets To Try And Anticipate M&A Deals

    Posted: 05 Jul 2019 02:49 AM PDT

    Google denies working on touchscreen tech for Chinese fighter jets

    Posted: 05 Jul 2019 11:18 AM PDT

    A 23-year-old B2B company has shown how keen India is for tech IPOs

    Posted: 05 Jul 2019 11:47 PM PDT

    Concrete Ready Mix Business

    Posted: 05 Jul 2019 11:17 PM PDT

    Hey Guys,

    I have a opportunity to purchase a concrete ready mix company. The business has not been running for a few years the equipment has been sitting. I have the opportunity to purchase the business at a very discounted rate. I have contacts that I can connect with to sell concrete. The business comes with a concrete batch plant and 8 mixer/ delivery trucks. Does anyone have experience with a concrete ready mix company that I can ask a few questions ?

    Just to get things going: hows the smaller ready mix businesses doing in your city.

    Thank you

    submitted by /u/superRA
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    Blockchain Technology for B2B Solutions

    Posted: 05 Jul 2019 10:47 PM PDT

    Wells Fargo fined in Ireland over reporting breaches

    Posted: 05 Jul 2019 07:36 AM PDT

    French lawmakers approve 3% tax on online giants

    Posted: 05 Jul 2019 07:17 PM PDT

    Self-employed retirement account?

    Posted: 05 Jul 2019 03:09 PM PDT

    I'm 37 years old. What is the best strategy for retirement while self-employed?

    submitted by /u/jesshines
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    Once-mum Japan shareholders crank up pressure on management

    Posted: 05 Jul 2019 02:54 PM PDT

    Ray Dalio on How Anybody Can Succeed in the Market

    Posted: 05 Jul 2019 06:36 PM PDT

    Increase your business' volume and profit by doing business Internationally

    Posted: 05 Jul 2019 06:34 PM PDT

    American per capita electricity use has been declining for years. Electric Vehicles could change that

    Posted: 05 Jul 2019 05:57 PM PDT

    My new company. I want help

    Posted: 05 Jul 2019 01:36 PM PDT

    My company name is ABC and we sell three products. Going to form a company with capital investment of 20000 euros 💶. The problem is we have three products like magazine, pictures and music. Now the main problem starts corporation or company has one bank account but here I have three products so my main question is do I need to open another three accounts for three products or one account is enough for these products. I will give one best example the Walt Disney is a company they have many products like magazines, films, music, animations etc so the Walt Disney manage only one bank account for their products or including Walt Disney bank account they have more bank accounts for their products ? I will give another example wb pictures is a product of Warner media so how they manage their bank account do they have one account or Warner media and wb pictures have both different bank accounts ? Please help this always makes me confusion

    submitted by /u/rajnibhani01
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    CEO's ouster at Canopy Growth highlights growing pains for cannabis industry

    Posted: 05 Jul 2019 10:15 AM PDT

    Is having 40% of the company good while you do all the work?

    Posted: 05 Jul 2019 03:32 PM PDT

    So my boyfriend is making an app for his uncle and the uncle's girlfriend who is a famous influencer. They will invest money and they she will do the promoting since that's what they have and can afford. While my boyfriend is doing all the reach and making the app by himself. He puts a lot of effort and time to do this. Anyone of you who is business minded think this is fair?

    submitted by /u/xxxany900
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    7 Alternatives to ‘Scaling’ Your Business

    Posted: 05 Jul 2019 01:41 PM PDT

    The Pros and Cons of Hiring a Fractional CTO

    Posted: 05 Jul 2019 01:17 PM PDT

    Fractional or part-time CTOs have become far more commonplace than when Tony Karrer first began working as one back in 1997. Back then he was a fractional CTO at dating site eHarmony for its first four years leading up to its $110 million financing round. Today he is the part-time CTO of Aggregage. Karrer said he started down this path after realizing that his strategic work only took up a small fraction of his time. "Most startups don't need a full-time CTO to handle strategy," he said. "A fractional CTO works extremely well in those situations."

    While fractional CTOs are usually associated with startups, there has been a change in thinking in recent years about the value that a part-time CTO can add and now even larger companies are embracing their use. It has become clear to many in the industry that a fractional CTO can fulfill the same responsibilities as a full-time one.

    A Fractional CTO's To-Do List

    Karrer said the fractional CTO will:

    1. Define a technology strategy that makes sense for the business.
    2. Ensure the company is using the right third-party technologies and building a product that is secure and scalable.
    3. Define the in-house / outsourced team and process to get the product built and make sure it's being built right.
    4. Act as turnaround agent. Fractional CTOs are often used when there are challenges with an existing development team, Karrer said. "Maybe they are missing deadlines or shipping product with unacceptable levels of bugs. A fractional CTO can come in to help figure out what's needed and how to adjust in order to turnaround troubled situations."

    Facing Down Challenges

    Indeed, the fractional CTO is well suited to taking on challenges, said Jonathan Stone, CTO of Kelser Corp — he also serves as virtual CIO (vCIO) to clients such as a large car dealership group. He explained that since vCTOs or vCIOs are doing similar work in other client organizations, they can draw on a breadth of very current experience. "The IT landscape changes so rapidly that a vCIO or vCTO may have faced a given challenge a few months earlier with another client, whereas a full time tech executive is limited to the one point of view of their company," Stone said.

    That same theory can also be applied to innovation, said Ashutosh Mishra, a full stack developer with Obsidian Security. "A fractional CTO can provide an outside perspective to your current technological strategy," he said. Also, hiring a fractional CTO allows the team to gain experience from a different perspective. "Consider hiring two different CTOs within a span of two years on the basis of one-year contracts. Your team gets exposure and experience working with two different professionals."

    Another point in fractional CTOs' favor, Stone said: vCTOs and vCIOs are less likely to get bogged down in the politics of the company's executive team. "Since their role in the client organization isn't their sole source of employment, they can be in a better position to recommend courses of action in a straightforward, matter of fact way."

    The Case Against

    Not everyone will agree that a fractional CTO is the right choice for a company, especially a more established one with complex tech needs. Rod De Vos, CEO of Resolute Technology Solutions, said much depends on the complexity of any initiatives in flight, the size of the organization, and types of skills the company's possess in-house. It would be a mistake, though, to underestimate what they can do, he added. "On a part-time basis, a CTO can still lead a company's implementations from a strategic standpoint and ensure technology roadmaps are kept up to date and are executing correctly."

    Where fractional CTOs are not useful is in strategic roadmap discussions with windows of two to five years — which is a typical timeframe in which most CTOs operate, said Brad Westveld, co-founder and partner with executive search firm ON Partners.

    CTOs also identify trends, work closely with customers on future feature sets, changes in product and other strategic initiatives, he added. "I find it hard to believe that a 'rent-a-CTO' can be effective if he or she is only there two to six months, or part-time. The whole nature of a CTO is 'long-term vision,' and part-time or not fully integrated in the business would cause more problems than intended," Westveld said.

    Some Workarounds

    There are workarounds to some of the issues that Westveld raised. Asim Rais Siddiqui, CTO for Tekrevol, said a fractional CTO can add more value strategically when you show him or her as part of the team when approaching investors and venture capitalist to secure funding. "These are experienced members of the community who align themselves with product ideas as well as the company vision in terms of growth and leadership very quickly."

    Experience can also be a competitive differentiator for fractional CTOs, with their skills making up for the missing hours at the company. Fractional CTOs deliver immediate value through experience at a lower cost, said Vaclav Vincalek, CEO of PCIS. "That doesn't mean it comes cheaply — but you're typically getting extraordinary value for what you're paying with a part-time CTO."

    "The part-time CTO also provides guidance to the person who is next in line to become the CTO, in time," Vincalek continued. In many situations this next-in-line person may have received his or her senior developer title just by virtue of being a co-founder or first employee of the company. "They might be great at coding, but may not have the executive or managerial experience to help the company do what it needs to do. That's where the part-time CTO can help these people."

    --

    Have you had experience with Fractional CTOs? Were they positive?

    submitted by /u/SmileLikeAFox
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