Last week I spoke to two CFOs that had the same concerns, but from very different aspects. Both CFOs work at high growth companies that have gone from 10 to 50 employees in the last few years and each company plans to grow well above 100 employees. Not surprisingly, around the 50-person mark, each of them was looking at their next steps regarding IT. Because of my series on Hiring IT, these CFOs reached out and asked me to look at their specific IT situations, then give my thoughts on what they should do next. I started out by asking each CFO what concerns with IT they had.
One of the CFOs was considering hiring the company’s first internal IT professional because they were outgrowing their single IT guy’s capabilities and he was stretched too thin because he had a dozen other clients. The other CFO was looking to outsource the IT for the first time, taking that burden off one of the company's senior executives that adequately handled it when they were smaller, but now is in over his head. To my surprise, each had the same concern – a fear of losing control and confidentiality. Even though they were looking at two different avenues of solving their technology needs (hiring versus outsourcing), each had the exact same concerns. I thought I’d continue my Hiring IT series to address their concerns, especially since this isn’t the first time I’ve heard them.