Turning a tech idea into a great company requires top tech talent. Hiring in-house development resources in a country like the United States is very costly. You can try to convince developers to join you on a lesser salary by offering them equity, but finding someone who shares the same belief as you, so much so that they would leave their well-paying job? We surely can agree that it’s a long shot. Would you have done the same?
Can outsourcing your tech projects to a software development company be a good option? We believe it is.
Here we list down Top 5 benefits of outsourcing your tech, for your next tech venture.
If you are the CEO of a tech company, it does not necessarily mean that you have an engineering background. You might not have all the knowledge about the underlying tech stack. If you start spending your time learning / investigating about technology, recruiting resources having relevant tech expertise and then managing HR, it is quite possible you might miss the window of opportunity to launch your product at the right time.
Partnering with an efficient Software Development Service Provider does not only take away your worries of technology implementation, but you also get free from a number of time-consuming operations, allowing yourself to invest your time in growing your business.
Saving money becomes one of the major motivations behind outsourcing your tech.45 % of companies that outsource their software development say “outsourcing their tech projects are meant to save money“, but how is the cost saved by outsourcing? If you are in a developed country and you need to have the best talent, you have to provide them with health insurances, 401k(s), a good working environment and other benefits. These benefits are a lot cheaper in less developed countries, mainly because of the currency differences. You are not required to pay the recruitment agencies, buy machines or have an office space.You get a plug and play service at a reduced cost.
The Recruitment process can drain your energy and consume your time which could have been better spent in your business development. Imagine writing Job descriptions for different tech roles, advertising those jobs, Phone screening candidates, then conducting technical interviews and on top of that you cannot be an expert of all the technologies for which you are hiring for. Partnering with a tech company takes away this pain, because they invest in this process before hand as this helps them generate revenue and if they have a good history of providing services, they would do it in a battery way.
Technology changes are very rapid. A Tech framework which is trending today, might not be in a month from now. You being the business owner have already too much on your plate that you invest your time in keeping up with the latest tech advancement. A capable Tech vendor is already keeping up with these advancements, because that is what thrives their business. They are well equipped with trained development resources who can easily integrate your systems with the latest technologies.