HOW STARTUPS CAN OUTSOURCE THEIR TECH WITHOUT GOING BROKE OR INSANE
Most entrepreneurs don’t have a technical background and they are forced to outsource their web development initiatives. When looking to outsource avoid these 6 traps:
If you don’t have the money to start and grow your startup business, think twice.
Don’t spend money you don’t have
Spend about 25% of your company budget for building the tech product. The rest keep for sales, marketing, pivoting, maintenance, etc
Don’t spend all the money you DO have
Start with MVP - develop the bare minimum of your tech - only the part of it that gets the customer to experience the most value in the shortest time.
Don’t build everything at once
Find a development partner that will fully understand your startup needs.
Don’t look for a provider, look for a partner
Pay by the project, or better yet, pay by functionality.
Don’t pay by the hour
Make sure you’ve got an NDA, you own the source code and you have access to it (use your own servers if you can).
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