Outsourcing Product Development – Why does it makes sense for Startups and Enterprises?
You have just come up with this brilliant great idea for an App that you want to bring it to life, however you have no absolutely no specialized abilities and no specialized team by your side, there are only two things you can do to get it going and make it a reality.
You can recruit individuals to work for you as an in-house team, or outsource your app development to a company which is more skilled and specialized than you to build the app for you.
The vast majority of the general population imagine that having an in-house team is a more secure and better business choice. You have full command over your idea, product and your team, and you can ensure everything is going as you arranged.
All things considered, it's most certainly not.
If you are an entrepreneur building your company from scratch, working hard on that idea you have and trying to make it happen, outsourcing is an ideal answer for you. There are numerous explanations behind that, yet simply put: Outsourcing product development saves your time, money and energy, and gives you a chance to concentrate on building your company and marketing your product.
How? Give me a chance to clarify.
1. No compelling reason to plunge into the unknown to hire an in-house team
For a non-technical person building up an in-house software development team can be extremely challenging. How would you gauge the genuine value of the applicants? How would you test their aptitudes? How would you know whether they are the right for your team and they are someone who can write genuinely good quality code?
Depending on your gut feeling most likely might lead to disappointment and may not be the best methodology.
In the event that you are not a HR wizard you don't generally realize how to pick the right software programmer for the organization, at that point you are in for a major astonishment: it is difficult to procure a genuine expert, the best fit and an incredible cooperative person.
2. Adaptability and speed
Being specialists in their field enables them to work and take care of issues a lot faster than an in house-team. What's more, they bring an outside in view to your project utilizing their experiences and with an open mind to give a different outlook to your idea and see it from a different perspective.
Given that an individual that works at an outsourcing company gets the opportunity to work on various projects constantly, utilizing cutting-edge technologies and latest innovation to develop a flawless app, they are way more adaptable and experienced than an in-house team you will put together
One can be a developer for a long time, however as long as they worked on the same project throughout these years, their experience isn't as significant as that of a talented individual working on various projects at an outsourcing development company.
Since their primary business is software development, building quality software on a day in day out basis; it is their interest to make your product work and look great. The general population working in programming studios are enthusiastic geeks loving what they do, living their job, jumping into code and look at new innovations not with fear, but with eager open minds and hearts.
3. Better Risk Management and Higher Security
One of the biggest worries or fears of Entrepreneurs is finding and retaining the best talents, as there is always the risk of them leaving for the next best offer, especially in a competitive space like software development. Most software engineers couldn't care less whether it's amidst an undertaking or not. They basically abandon you when they see the right opportunity (it's a free market all things considered).
However, those business owners that outsource development software can rest soundly, as all the risks are covered by the outsourcing development partner. It is in their interest, to locate another ideal fit to complete things. The agreements are usually designed to ensure you peace of mind, while the experts are working to take care of all the challenges to get things done and have your product delivered. No in-house team can give you such an assurance.
4. Entrepreneurs can save time and focus on other important tasks
It is simpler to build up a MVP (minimum valuable product) through an experienced outsourced product development partner than try to spend your time doing everything.
Further, if you hire a Project Manager along with a team of developers, you won’t spend time to supervising the project at all. You can simply communicate your ideas to the PM to take care of it. With a clear communication and governance processes in place, you can focus on the business side of things and market your product, and let the team do the software development work for you if software development is not your core business.
5. Product IPR, you own it
Do not worry about your product IPR, most professional outsourcing company, understand the importance of Product IPR, will maintain your source code and it is generally taken care in the agreement terms. You remain the principal and rightful owner of your product IPR as the product is being developed as part of a service, but do ensure that you pay your outsourcing partner for their services.
6. More Cost Efficient, In fact you might save money by outsourcing.
For any startup maintaining a lean team and managing their startup costs well is an extremely important when creating their MVP, along with speed of execution. Sometimes not failing fast and cheap can be the end of many potential good startups. The most important thing should to be your product into the hands of your target customer in the short possible time, so speed to market is extremely important as you test your idea in the real world and fine tune your business model. Outsourced product development company offer you a lot of speed, they also help you manage your operational costs better, think about having to find the right amount of space for your in-house team, software license costs, hardware cost, connectivity charges, hiring charges, training and a whole lot of other expenses which you need to factor before even starting to write that first line of code to build your MVP. Let this be handled by experts as they have the economies of scale to manage and do these things for you.
There is no doubt about the benefits of outsourcing and if the above few reasons has not got you convinced and you have more questions than answers, then you should contact some leading outsource product development companies like Revolux Solutions who can help you find answers to all your questions.
Revolux helps companies and startups build and get new product idea to life or provide sustenance and maintenance services for an existing product. They can also review/redesign your existing product to meet scalability and stability requirements, bring your challenges out and let it be taken care. So go out there and get your Product and MVP (Minimum Viable Product) outsourced instead of losing time worried about how to take care of it.
#innovation #outsourcing #softwaredevelopment
Author : Vikas Shety, CEO, Revolux Solutions (www.revoluxsolutions.com)