Lee Kuan Yew, the first Prime Minister of Singapore, once said:
“If you deprive yourself of offshore development and your competitors do not, you’re putting yourself out of business.”
Almost 30 years later, this quote is as true as it was then!
543,000 businesses are created every month in the US. The business landscape is getting more competitive each day. In lieu of this, your business needs to be competent, super-productive, and aware – in terms of technology & adaptability. Right now, when we are talking about “competence” and “productivity”, offshore development becomes more relevant than ever!
I am pretty sure when you heard “offshore”, you started thinking of money. There is a strange perception in the market that you got to have a lot of money and a large-scale business to afford offshore development.
If you own a startup or a small business, you are not alone. According to SBA, 99.7% of businesses in the US are small businesses. Offshore development can benefit startups/small businesses and large-size businesses, alike!
Why Offshore Development is Crucial for Your Business?
What are the top three things you need to keep your business alive? Money, Money, and Money! Be it Gulp, WURA or Singulution, we have read and seen businesses failing due to running out of money. Offshore Development helps you make your business operation more productive at a decreased cost.
Before discussing the significance of your offshore development team, what all do you invest in your in-house team? Right from monthly salaries and medical & insurance liabilities of your employees to infrastructure cost and more, lots of resources – money & time are at stake! Let’s say that you are willing to invest in setting up an in-house development team, here are your limitations.
Unless you own a renowned business or you are paying loads of money, you’ll have a tough time getting industry experts on board. Assuming that you get through these hiring difficulties, you will have to train and closely manage your employees to ensure that they understand your company’s cultural values and client needs.
Time is of essence when trying to stay ahead of your competitors. You have to handle your company’s branding, client acquisition, product placement, defining your target market, and much more! Sounds like you have a lot on your plate! Are you ready for another commitment: hiring and managing your in-house team?
Read More: Time Is Of Essence
Offshore development helps you to efficiently address the development needs with a team of trained and experienced professionals. You can leverage the expertise of your offshore team to reduce costs, become more productive, and make your business well-versed in cutting-edge technology.
Setting Up An Offshore Development Team: What Are Your Options?
Open Your Own Branch/Office
Big brands like KPMG, Capgemini, Accenture, etc. have their offices in multiple countries. The top choices for setting up new branch offices are countries like India and China. The reasons for this are exactly what you are thinking – low infrastructure costs, decreased operational investment, and high availability of talents.
Opening a company’s branch in a different company is a giant business risk. It involves studying the country’s market, registration requirements, corporate laws, and whatnot! You, as a business owner, know this better than anyone else. Don’t you think that opening your company’s branch/office for having an offshore development team is a bit too much?
Offshore Development Centre
An Offshore Development Centre (ODC) is offshoring the development process in a country where operations costs are significantly lower. “Offshoring” is relocation or setting up an office in a different country than your headquarters to handle a particular process (here, development or software development).
Do you see the challenges of opening an Offshore Development Center? They are similar to setting up your own branch or office. The only difference is the investment of money & time will be slightly lesser. You still have to hire offshore developers, understand the tax compliances, read qualification requirements, closely study business laws, and more.
Choosing any one of these options requires investment of resources, both time & money, before your business actually starts profiting from it. This still is a business risk! The entire purpose of having an offshore development team was to reduce investment and improve quality & productivity, wasn’t it?
You have strict client deadlines and the work is piling up. Well, don’t worry! I am here to help you stay in business. Every minute you spend thinking about opening an ODC or branch, you can actually invest it in keeping your consumers or clients happy by hiring an offshore development team. What if I told you that you can have your own team of offshore developers right away without having an office or Offshore Development Center?
The Ultimate Solution: Staff Augmentation!
Staff Augmentation comes as a common solution to the above-mentioned problems. It enables you to increase the productivity of your operations, enhance the quality of your products/services, and, at the same time, reduced operations costs.
Staff Augmentation model allows you to add industry experts to your in-house team or set up your own offshore development team. Unlike outsourcing software development requirements of your company, you can hire managed remote employees and implement a project exactly how you want.
Let’s say that you have an approaching deadline for a website development project and you are short-staffed. Or you want to impress your client but you don’t have the right expertise to carry out the project. Using the staff augmentation, you can set up your offshore development team with Resourcifi. You can hire React developer, hire dedicated Laravel developer, an RPA developer and any other dedicated developers right away. Your offshore development team is just a phone call away! Contact us by filling out this form today.
Choosing Staff Augmentation comes with the same set of advantages for your business as setting up an office or offshore development center but it gives you the leverage of reduced costs, access to industry experts, and more. Are you ready to save money? You can hire 3 Resourcifi developers at the same cost as 1 local developer. Calculate how much you can save with us using our savings calculator.
Let me know your thoughts in the comment section below!