StrategyDriven Managing Your Business Article |Outsourcing| Offshore Software Development: Reasons Why Outsourcing Is Beneficial For Startups

Offshore Software Development: Reasons Why Outsourcing Is Beneficial For Startups

StrategyDriven Managing Your Business Article |Outsourcing| Offshore Software Development: Reasons Why Outsourcing Is Beneficial For StartupsOffshore outsourcing is a popular software development strategy in modern tech. From global corporations to nascent startups, more businesses consider looking for programmers abroad.

As a startup founder, you may be new to outsourcing and wonder why it has been so hyped lately. In this post, we will examine the benefits of choosing offshore mobile application development.

7 Reasons For Startup Owners To Outsource

The impact of outsourcing is especially evident for early-day startups that would otherwise struggle to hire skilled talent or complete their projects. Broadening the talent pool helps you get a fresh perspective on the project, ensure it appeals to international audiences, and, most importantly, cut development costs.

Let’s have a closer look at why startup owners should choose offshore application development services by examining their seven most impactful benefits.

1. Lower development costs

The startup field is highly competitive. According to statistics, out of all new businesses, only 10% make it past the early days. There are a lot of external factors you can’t control – the worldwide economic landscape, the demand for your service, or a powerful competitor that decided to penetrate the market.

To protect themselves from investments with no return, startup owners look for the cheapest ways to bring the project to the market and validate the idea.

The high potential of outsourcing as a cost-saver has to do with lower labor costs outside main tech hubs – US, EU, UK. Take a look at the average software developer salary in some countries worldwide:

  • US – $71,000
  • Germany – $52,600
  • South Africa – $23,750
  • Ukraine – $11,000

Data source: Payscale

The difference in salaries between American and Ukrainian developers is astonishing – thus, hiring professionals from regions with a lower median salary allows business owners to afford complex projects under a reasonable budget.

2. Flexibility

Hiring an in-house team is not the fittest strategy for a nascent startup founder – you will have people depending on you and salaries to pay. In case a project was not as successful as you had hoped, you’ll have to fire team members – that is definitely not a rewarding experience.

Similarly, if a project takes off unexpectedly and you lack the workforce to maintain it, expanding the team and filling in empty spots will be a time-consuming and expensive process.

Choosing outsourcing spares business owners all staffing trouble. Depending on your budget, ambitions, and the project’s performance you can scale the offshore development team up or down in just a couple of hours. Outsourcing teams typically have a pool of developers you can request anytime, without having to spend time on screening, interviewing, and onboarding hires on your own.

3. Higher personal efficiency

Managing a startup team is a full-time job that will not allow focusing on promotion, developing new product concepts, or researching the market. Instead, you will need to troubleshoot corporate misunderstandings, have regular conference calls, fill in tons of paperwork.

Outsourcing helps business owners stay focused on high-priority tasks – be it promotion, product design, or market research. An outsourcing team will be the one to manage the team, deal with taxation papers, and oversee product development.

4. Leveled playground

Small startup owners often struggle as they have to compete against well-oiled teams, with established toolsets, project management, and maintenance frameworks. While a business founder is finding his groove with the team, more experienced competitors build products much faster, maintain them better, are faster and more efficient in client communication.

By outsourcing, you can get experienced developers and project managers on board, while paying a junior developer salary. An offshore mobile application development team typically has years of product development experience, is familiar with the best industry practices and standards. Thus, by choosing to outsource, you decrease the quality gap between you and experienced competitors and ensure high user acceptance rates.

5. International perspective

Other than being a powerful time-and-cost-saver, outsourcing is a reasonable strategic decision for business owners targeting international audiences. By looking for developers abroad, you will be able to get different perspectives on the concept, make sure it resonates with people across the globe, and adopt the best of worldwide software development practices.

Outsourcing gives startup owners a better understanding of whether the product will get traction, which features are necessary according to international developers, and what some ways to market the product abroad will be. As a result, you will be more prepared to promote your product abroad and penetrate new markets.

Conclusion

At the end of the day, startup owners need to be mindful of how they allocate their budget and try to make the most out of every cent. Outsourcing is a lossless way to cut software development costs since you don’t compromise the product’s core features. Other than that, this model gives you flexibility, freedom, and a possibility to do what you do best, entrusting skilled professionals to handle software and mobile application development.

StrategyDriven Practices for Professionals Article |Business Trips|How to Organize Seamless Business Trips in 2020

How to Organize Seamless Business Trips in 2020

StrategyDriven Practices for Professionals Article |Business Trips|How to Organize Seamless Business Trips in 2020One of the perks of working in a large company, with several senior responsibilities, is that it’s often left to you to travel to different destinations in order to hammer out contracts, seal deals, check up on suppliers, or help with your distribution network. These business trips are essential for the functioning of your company, and crucial to help you build your professional profile and wide set of skills and contacts. In this article, you’ll learn how to make business trips seamless, with the following easy-to-follow steps.

Diary

Get your schedules right before you look to book anything. You should know the key factors that feed into your trip, such as:

  • When do you have permission to leave the office on your trip?
  • Which methods of transport, in which classes, are you able to use?
  • When are your important meetings?
  • What else will you do in your destination, other than these meetings?

Only with the answers to these four questions can you make a solid plan, based on a diary of what you’ll be up to on your trip. From this point, you’ll be able to think carefully about the time of day that your travel, and the check-in times that you will cite to hotel staff.

Transport

While some business trips are across country, and it’s possible to take a train or a bus on that kind of route, it’s usually preferable to fly. Indeed, the vast majority of business trips – especially those that take travelers from coast to coast – are undertaken in the skies.

As such, it’s your responsibility to not only book your flights, but to book your transport to the airport. Use ParkON to book your parking space at the airport of your choosing, and use flight comparison websites to find the best rates on business class seating, ensuring that you’re getting a good deal for you and your company. You can also click Show More for further details on business and first-class flights.

Hotel

Where you stay should also be a central part of your considerations when it comes to your business trip. If you stay close to the locations of the meetings you’re likely to attend, you may be more likely to prolong these meetings, and more flexible to have a drink or a walk with colleagues and partners after the conclusion of the meeting.

Meanwhile, though, you want to ensure you get the right amount of sleep when you’re staying in a hotel, which means you should find those which are specifically business-friendly, and those which you can see are set up for single traveling adults, and not loud, noisy families.

Packing

Finally, all smart businesspeople know how to pack to impress. You need to look at your best when you arrive at the scheduled meetings – and certainly not like someone who has just spilled off a plane and hasn’t had a wink of sleep. Ensuring that you pack your suitcase in a smart way, to avoid creasing, is a deeply important element to the success of your trip – and should be treated with great care before you fly.

These tips are important for modern day business travelers who are looking to streamline and make seamless their business trip experience.

StrategyDriven Practices for Professionals Article |Multiple sources of income|The Importance of Establishing Multiple Sources of Income

The Importance of Establishing Multiple Sources of Income

StrategyDriven Practices for Professionals Article |Multiple sources of income|The Importance of Establishing Multiple Sources of IncomeEstablishing a secure financial future can be challenging for people that aren’t aware of how to stabilize or diversify their income. If you’re trying to support your family, then having multiple sources of income can greatly help with the future. Unfortunately, most people don’t realize how they can establish several sources of income, or they find the idea daunting to say the least. So to help you out, we’re here to explain the importance of establishing multiple sources of income, and we’ll also show you how to get started.

Job security can be difficulty in uncertain times

Given recent global issues, it’s clear that there is no such thing as certain times in our lives anymore. Regardless of how safe you think your job is, you could lose it or end up with reduced work no matter your position. Entire companies can fold due to one or two stupid decisions by someone managing you, and it’s incredibly difficult to bounce back financially when you only have a single source of income. Having multiple streams of income means that you won’t be so reliant on a single job or salary, meaning you can protect yourself from financial ruin.

Locating business opportunities on the internet

You’d be surprised at the number of business opportunities available on the internet. Whether it’s job opportunities on social media or work listings on freelance websites, we highly suggest that you sign yourself up to social media and job boards to look for work requests and positions that need filling. However, it’s also a good idea to look for business opportunities such as looking for tenders. While tenders can be a lot more complicated, they do offer self-employed business owners and individuals with strong connections in the industry to find excellent business opportunities. However, if you don’t try to diversify your income, you won’t be able to take advantage of these unique opportunities in life.

Paying off your debts faster

Debts such as mortgages and student loans can weigh us down mentally. With the right approach, it’s possible to pay off those debts quickly by utilizing multiple streams of income. With more and more graduates leaving school with mountains of debt, it’s become incredibly important to try and pay off everything as soon as possible in order to secure your financial situation for the future. By establishing multiple sources of income, you can quickly pay off long-term debts without incurring massive amounts of interest.

Getting out of your comfort zone

Breaking from your comfort zone is a fantastic way to learn more about yourself. Taking risks, engaging in different jobs and generally diving deeper into the things you’re interested in can reveal a lot about you as a person. When you learn to diversify your income by taking on multiple jobs or setting up side hustles, it’s the perfect opportunity to chase your passions and grow your experiences and skills. If you stay in your comfort zone and refuse to adopt any changes, then it can be difficult to break out of the monotony of an unfulfilling career.

StrategyDriven Managing Your Business Article | Hardware VPNs or Software VPNs? What's the Best Option?

Hardware VPNs or Software VPNs? What’s the Best Option?

StrategyDriven Managing Your Business Article | Hardware VPNs or Software VPNs? What's the Best Option?

When talking about VPNs, you might hear people referring to either “software VPNs” or “hardware VPNs.”

Fancy and interesting terms, but what do they mean exactly?

Well, this quick 5-minute article will tell you everything you need to know about them (including which option would be ideal for you).

What Is a Software VPN?

Software VPN is the app you use to run VPN connections on your device. VPN providers or independent developers create software VPN and make it available on their websites. Pre-installed clients on your operating system also count as software VPN.

I should also mention that VPN software is what VPN providers use on their servers to establish and handle client-server communications. That’s not really of interest to you, but it’s useful info to know.

What Is a Hardware VPN?

Hardware VPNs are devices with dedicated processors that offer VPN, and firewall features. Unlike software VPN, they are completely standalone. That means they can handle every single VPN function on their own.

To give you an idea of how hardware VPNs look like, here’s a good example – the hardware VPN from Zyxel.

Which Type of VPN Is Better Suited for You?

Well, just reading the definitions won’t help you make a decision on the spot, so I’ll compare the two types of VPNs with a focus on user convenience.

Alright, so let’s get started:

1. Software VPNs Are Much Cheaper

Let’s get one thing straight – hardware VPNs are not budget-friendly at all. Just one of them might cost anywhere between $100 and $500. If you’re looking for high-end features, the price can easily go over $1,000.

Sure, you might (emphasis on might) find hardware VPNs that cost less than $100. But don’t expect them to be as powerful as their more expensive counterparts.

And while a cheap hardware VPN can be a good option for your home network, software VPNs are still better price-wise. I mean, at most you’re looking at anywhere between $3 and $9 per month. Usually, the longer the subscription period, the cheaper the price.

Now I know what you’re thinking – if you use software VPNs, won’t you need to pay for tons accounts for all your employees?

Well, not really. Depending on the service you pick, you can get support for multiple simultaneous connections, like six or seven. In fact, some VPN providers might even offer you unlimited connections.

2. Setting Up the Hardware VPN Is No Walk in the Park

If you’re expecting to just buy the thing, set it in your home or office, turn it on, and relax, you’re in for a nasty surprise.

Basically, if you want to set up a hardware VPN, you’re going to need an experienced IT team by your side. You can try to handle everything on your own, but if you make a mistake, you’ll end up with annoying errors and unsecure VPN connections.

Plus, get this; hardware VPNs don’t have the same configurations like corporate firewalls and routers. So, even a skilled IT team might need some extra training to get everything 100% right.

And that’s not all. Once the hardware VPN is set up and running, the job isn’t done. You’ll still have to configure your network to accommodate the new addition. Also, you’ll need at least one dedicated person to monitor the hardware VPN and perform maintenance when needed.

I mean, you can do it yourself, but it’s going to start feeling like a full-time job fast (it pretty much is anyway).

Well, on the plus side, once you handled everything, you get instant remote access whenever you want.

Though, that pales in comparison to software VPNs. You just download and install the client, run it, connect to a server, and that’s pretty much it. Takes just a few seconds at best, or a few minutes at worst.

3. Both Software and Hardware VPNs Offer Good Security

There’s really not much difference between them. Sure, hardware VPNs use dedicated connections, so you could say it’s a bit safer because you’re not sharing the VPN server with tons of other strangers.

But here’s the thing – there are also risks associated with a hardware VPN.

For one, connection errors can pop up if the IT team didn’t properly set up or monitor the device. What’s more, cybercriminals actually prefer targeting hardware VPNs.

With software VPNs, you can at least relax knowing the VPN provider is taking care of everything for you.

4. Business-Wise, Software VPNs Are More Scalable

If you’re running a small business, you get better scalability with software VPNs. If you hire more people, you just have to get some extra subscriptions to cover the new remote connections.

StrategyDriven Managing Your Business Article | Hardware VPNs or Software VPNs? What's the Best Option?

With hardware VPNs, things aren’t as simple. You’ll need to spend money on add-ons to support the new employees. And if your company really grows, you’re going to have to just buy an extra hardware VPN (or more), or a new model that supports more connections.

The Bottom Line

Overall, I’d say that there’s no need to use hardware VPN if you’re an average online user. I mean you can do it if you have the money and skills, but let’s be honest – hardware VPNs are more suitable for large companies with very skilled IT teams and large budgets that want dedicated VPN connections.

As a regular Internet user, you’re better off with software VPN. It’s cheaper and easier to set up. Plus, you can even use it for your business to secure your VoIP calls, get around geo-blocks, do SEO research, and encrypt remote employee connections to your network – not to mention save money too.

If you need help to find reliable software VPNs, take a look at ProPrivacy. The website has tons of useful guides, and reviews that will help you make a smart decision.

StrategyDriven Entrepreneurship Article | The Right Way To Disrupt Markets (Hint: You Might Be Doing it Wrong)

The Right Way To Disrupt Markets (Hint: You Might Be Doing it Wrong)

StrategyDriven Entrepreneurship Article | The Right Way To Disrupt Markets (Hint: You Might Be Doing it Wrong)For the past five years, I’ve established a highly successful manufacturing company that actually supports the little guy. Lots of people said it couldn’t (or even shouldn’t) be done – that manufacturing simply didn’t work that way. I’m happy to say we are growing at an incredible rate, and helping other business owners see amazing growth in the process. But it didn’t happen overnight, and there are many ways that this new style of manufacturing could have gone wrong, instead of becoming the market disrupter that it is today.

Market disruption has become something of a buzzword over the last decade or so. It’s the ultimate goal of most entrepreneurs: find a new, better way of doing things that will become the new normal. Because there’s a rush to find the unique, disruptive, unheard of technology before somebody else does, some innovators dive headfirst into an idea, planning to take on the large corporations in their marketplace without a clear path to success. The right way to disrupt the market is a more calculated, step-by-step planning process.

It goes something like this:

  1. Know the market, inside and out. Before launching our own brand, my business partner and I worked for years inside the industry. We understood the nuances of profit margins, process, and market saturation. We also knew from this experience that there was room for something more. We saw too many smaller brands shut out of a process that could have been much more accessible, and we knew there was an opportunity to change the marketplace.
  2. Secure financing. You simply can’t launch a large-scale, market disrupting company without some capital. If you are independently wealthy, great – but odds are you’ll need to go looking for investors. Investors want to know exactly how you’re different from anyone who has come before you, and they want to see that you have a thought-through plan to get there. Most of all, they want to see your passion for your disruptive business and a dedication to making it happen. Be ready with your insider knowledge and a solid plan, and you’ll get there.
  3. Have a laser focus on your customer. One of the reasons market disruption becomes possible, even in well-established industries such as manufacturing, is because huge corporations lose focus on who made them successful in the first place: their customers. Constantly put yourself in the shoes of the type of person or company you are hoping will come to you. Revaluate their needs on an ongoing basis. For example, our company not only fulfills an initial manufacturing need – we help on the back end with marketing and brand development. If your customer is successful, they’ll have the means to invest. If you’re the reason they’re successful, they’ll have the incentive to invest in your brand. In short, when your customers succeed, so do you.
  4. Always be ready for the future. As your brand truly is able to disrupt your marketplace, you’ll grow with your customer base. But always remember: there are other disruptors right behind you. Always be planning for the next big thing for your consumers. We are continuously looking for ways to bring prices down, so we can reach an even wider base of clients looking for a small-scale manufacturing solution. We always follow market trends, so we know that our facility has to keep up with the demand for cleaner, sustainable formulas for our products. Our commitment to progress and to find innovative solutions will never rest.

Market disruption comes down to the right idea, with the right team, at the right time. Make sure you’ve put in the preparation – and then you’ll be ready to take advantage of your moment.


About the Author

StrategyDriven Expert Contributor | Jordan ErskineJordan Erskine has used his motivation and entrepreneurial skills to advance the personal care products industry for more than 17 years. He currently serves as the President of Dynamic Blending Specialists, a global cosmetics manufacturing company committed to delivering innovative solutions to businesses of all sizes. Jordan has contributed to the technical formulations of a variety of products, including those of Fortune 500 companies, and has facilitated the launch of several successful businesses. Jordan holds an MBA in International Business from Northeastern University.