There are many new opportunities for entrepreneurs or even large businesses that are starting a new venture. Creating a new website or deploying a new software project is exciting for any business. However, thinking about these feats and really going ahead with the execution within a scheduled timeframe and limited budget are poles apart, with several challenges awaiting. This is true especially for businesses that don’t have an in-house development team.
For businesses operating beyond the IT or web development domains, generally in-house teams are not an option. It requires these companies to provide for expensive salaries as well as additional factors like hiring and recruiting costs, employee benefits and health insurance, along with the hardware and software necessary for creating a specialised solution.
These costs along with additional factors are why most companies across industries outsource all software development requirements to a bespoke software consultancy in the UK. An offshore outsourcing partner allows businesses to access all the tools, resources and talent they need to achieve their app creation goals, regardless of the size of the company.
When you partner with an offshore outsourcing team, your business can stick to its budget and deadlines with a single fixed fee. This negates the need for expensive, multi-fold and time-consuming hiring and recruiting processes that would otherwise go into hiring new developers.
Low-Growth Businesses:
A low-growth company generally faces a daily challenge when it comes to capacity. They must find and pursue opportunities that can help drive revenue growth. Google’s 70-20-10 model is quite effective in such instances. This breakdown makes for a strategic hybrid model of partnership. It accounts for
- 70% sustenance work (an optimised target for nearshore or offshore teams that you manage on your own)
- 20% of exploring growth opportunities using internal resources
- 10% of business innovation.
Also Read: How To Offshore Your Software Project Successfully In The UK
Mid-Growth Businesses:
A mid-growth company faces challenges like distractions, capacity draining and split focus. A three-tiered strategy can help such instances:
- Don’t use your in-house team for routine service work and customer support. Leverage a nearshore or offshore team directly instead.
- Pay down all technical debt to focus on your core product and scale your architecture to avoid any hiccups.
- Take the time to innovate. Put in the effort to look at complimentary products and opportunities that can drive revenue. This goal is highly effective for hybrid strategic partners.
High-Growth Companies:
High-growth enterprises have different challenges. They must keep pace with customer demands and sales patterns. The solution here is building a high-velocity team and parallelly optimising architecture. Here, internal resources help in transforming the present situation and attack the easier opportunities to remove obstacles to scaling. When you incorporate an outsourced team and strategic partner, you can build better, modern architecture that helps in scaling your business and drives revenue growth for your business.
When Should You Outsource Your Software Development Needs to an Offshore Software Development Company?
- When you are trying to reduce liabilities:
Generally, software development processes require a large number of resources and time. It also needs focus and attention towards the main objective, right from the conceptualising phase to when your product is finally deployed. You also need a dedicated expert team to help you maintain these products, which needs specialised development tools.
- When your budget is limited:
For small and medium enterprises, in-house engineers and developers will be expensive. The recurring costs of hiring permanent developers can eat into your budget and limit the potential of what the app can do. Offshore app development comes as the cheaper alternative and gives you the chance to work with expert software engineers and developers without exceeding your software development budget.
- When you need greater flexibility:
Businesses generally partner with outsourcing development teams based on a work contract. This is much more reliable and efficient than hiring full-time developers for short-term projects. With an offshore developer, you no longer need to pay them once your contract ends.
- When your innovation and product are diminishing:
Innovation and superior quality should always be the primary purpose of your operations. They give clients greater value for money, putting your business ahead of your competition and allowing you to stake your claim to a larger market share.
Like everything else, time is money for software development too. When you outsource to an offshore software company in the UK, you can get access to much more advanced resources and tools than you would get in the same time and budget with an in-house team.
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