5 reasons why CTOs need outsourcing
Case #1: You have an idea that fits market needs…what is the next step?
You have finally come up with the right idea to fulfill your business needs on a specific segment of industry. You’re very happy you finally got to this point, but this is just the beginning. The steps you take after this moment are very important and determining whether or not you can develop your project further.
The first step you should take after you have conceived your idea is to find an expert (CTO) and a team who will implement the product. Unfortunately, you may be in a situation where you cannot afford this team in your country because of the cost and time of staff recruitment.
What to do?
At this point, for you as an owner, outsourcing would be the best solution that fulfills your needs. Let’s share some reasons why:
- You find a team that is already established- no need for hiring process.
- The CTO along with his team will help you determine project milestones and technical requirements as well as defining technology as the main thing for scalable products.
- You get more from less. With your planned budget you can achieve 50% more than in your country.
- Flexible and agile team.
Case #2: You’ve created the concept- now you need to build the MVP super fast…
Even when you have created the concept of what you will accomplish, you feel the pressure of investors who expect further development on a daily basis such as upgrading the software constantly or getting new features regularly.
The staff you have available as well as internal resources are not enough to meet these expectations. Even in this case, the most appropriate solution comes from outsourcing.
You benefit greatly from this solution because you choose an external team and depending on the needs you determine if you need to extend the outsourced team or the resources you have are sufficient at the moment.
For example, in cases where you are required to upgrade your product constantly and at a specific time, the software company will handle this task and everything will be delivered in a timely manner. Dedicated teams would be the perfect solution for your company.
In this way, you can enjoy your time focusing on your business while leaving the software issue to a trusted company.
Case #3: You need access to experts in a short period of time
During the process of development you may need to extend your team with developers that have specific skills and mindset.
You are developing a web application but you need a team that will develop the same product as a mobile app.
You may need these resources for a short period of time and hiring an internal developer might cost you more because of the contract agreements.
Let’s consider this is your situation. What might be the best solution for your case?
Having a tech partner is the best solution for you. If you are lucky enough to find a trusted and reliable partner who offers you solutions for your tech needs, you’re good to go.
This will help you find teams and developers faster without HR process and for different stages (different periods) of your project.
How does it work?
As a company, you should do your own research and find a software company that has the expertise you need.
- Tell them your needs and projects requirements. Ask for solution and expertise.
- Define communication and management tools.
- After you settle your agreement with this software company you define the scope of work.
- The outsourcing company will join the project and start working.
- You can work with these talents as needed; for a week, a month or more.
Now that you have extended your team and you are in good hands, you can be more focused in finding finances and think about new features that will bring more value to your product.
Case #4: Your budget is not enough to hire an experienced development team in your own country
This does not necessarily mean that your company is not functioning properly. This case relates to the situation where your company is a small startup and it is led by a large business.
You are aware that you need experienced developers in order to accomplish your goals but your budget does not afford to hire software developers for an unknown duration. On the other hand, you want to become popular on the market just as some big companies but it is very difficult to gather specialists around you, considering the cost and the duration.
Don’t panic, we’ve got outsourcing to the rescue!
As we have explained in other cases above, outsourcing may be the best solution in this case as well. When you hire a software company with an experienced team, you help your company increase productivity. The best thing is that the cost is much more convenient than hiring people directly and paying for each one. Also, you can agree on the terms and duration of cooperation at different stages and periods.
Case #5: As a non-tech company you need a software to boost your business and a tech-team to build it
Your business is growing and you are happy with that. Anyway, you see the need to differentiate your company from the others. Digitizing your business is the way to go!
You have ideas on how to grow your business and you think that software is a part of it. You know that hiring people in house costs you a lot, starting from hiring process and finding the right people.
As you may have heard, there are companies offering IT solutions for companies like yours with the right skills to execute your business needs. Hiring a company that does this for you will give you the opportunity to be more focused in other segments of your business growth.
While you don’t need this IT department for a lifetime, your tech partner will help you as much as you need.
This is the way to build and expand your business with low risk and budget.
“A last word”
During our work we have noticed that these are the most frequent case studies applied during the outsourcing process. We, in Kutia, tried to briefly explain the processes of how business partnerships start.
Currently these scenarios are being applied to the partnerships we have with overseas partners in Europe and the USA. If you have any further questions or would like to learn more about how we work and what we offer, write to us at email@example.com