The Value of an Outsourced C-Suite for Startups
Most businesses are born from a dream and a passion to get that idea out to the world and hopefully to make money doing it. Developing a financial strategy that will consistently and accurately gather data that will lead your small business or startup towards your financial goals can seem like a lost cause, especially when your business isn’t making enough money to hire a specialist to get you there.
The idea that small businesses or tech startups don’t require a c-suite is false. Outsourced c-suite members are part-time seasoned experts who understand your industry and their functions within it inside and out and can develop a strategy to maximize your spending, reach your audience, as well as find and solve any obstacles that may be holding your business back from its full potential. They help you navigate your business through their expertise and experience which you get for a fraction of the price of hiring them full-time, which oftentimes is not an option.
What value can I get out of an outsourced c-suite?
Investing in an outsourced c-suite can benefit your business in both tangible and intangible measures.
57% of tech directors say their job is complex and that their satisfaction has declined. An outsourced c-suite alleviates the stress and complexity of owning a startup business and allows you to focus on the more manageable elements.
An outsourced c-suite can manage risk and offer outside-of-the-box ideas and thinking that business owners are often too close to home to conjure.
A seasoned c-suite is able to adapt to the changing context of their specialized industries and knows how to get the timing right for executing decisions.
An outsourced c-suite not only serves you, but also your stakeholders: Board of Directors, investors, customers, employees, and your community. They provide your start-up with tangible, honest numbers that will nurture confidence and leadership in your industry.
Reports and examinations from an outsourced c-suite can be molded into the best format, whether visual or numerical, for your industry, your own convenience, and in the best terms for your stakeholders.
Interim c-suites are not paid an in-house salary and don’t expect benefits and other expenses that those on a payroll require. Often times you are able to get far more experience for a similar price to someone who will need to learn on the job or have hit the ceiling of their capacity, which you may not be able to afford. An interim c-suite can actually save your business money by finding areas of improvement, planning efficient debt re-payment, finding and sealing any cash leaks, as well as introduce new sales opportunities.
When you hire a c-suite, you not only get the experience and expert work from the team, but you also gain access to their network of systems, tech stack, and the trial and error they have previously performed and perfected prior to being hired by your small business.
90% of companies who have utilized outsourcing as part of their business structure have claimed it as being a crucial part of their industry growth. Outsourcing has become a critical component in becoming and remaining a competitor both domestically and as part of the world’s business platform. For small businesses and start-ups, hiring an outsourced c-suite could be the ideal decision to grow your company even past your own expectations.
Interested in finding out how NMBL Strategies can lead your start-up business to its full potential through a trusted outsourced c-suite? Reach out and start a conversation today at info@nmblstrategies.com or by visiting our website to learn more.
