article thumbnail

Six Criteria for Outsourcing the Right Processes

Startup Professionals Musings

Since my background includes software development, I often get the question about when to build a solution in-house, versus outsourcing it to a local company, near-shore service, or off-shore organization in China, India, or Eastern Europe. Don’t outsource your core competency. It’s like giving up control of your company.

article thumbnail

To Outsource or Not to Outsource Software

Startup Professionals Musings

Since my background includes software development, I often get the question about when to build a solution in-house, versus outsourcing it to a local company, near-shore service, or off-shore organization in China, India, or Eastern Europe. Don’t outsource your core competency. It’s like giving up control of your company.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Six Key Factors in the Right Outsourcing Decision

Startup Professionals Musings

Since my background includes software development, I often get the question about when to build a solution in-house, versus outsourcing it to a local company, near-shore service, or off-shore organization in China, India, or Eastern Europe. Don’t outsource your core competency. It’s like giving up control of your company.

article thumbnail

Sagewise Secures $1.25M

socalTECH

Los Angeles-based Sagewise , a startup developing tools and infrastructure for managing disputes and contracts, has raised $1.25M in a seed funding round. According to Sagewise, it is developing a "safety net" for smart contracts to enable the efficient resolution of disputes. READ MORE>>.

article thumbnail

Increasing Profit Margins By Decreasing Inefficiency

Tech Zulu Event

Selling new products, opening new markets outsourcing business functions and every other decision affects the bottom line. The net income is calculated by subtracting expenses from the revenue. The net income is calculated by subtracting expenses from the revenue. The Bottom Line. Process modeling presents a broad overview.

article thumbnail

Should Startups Focus on Profitability or Not?

Both Sides of the Table

Gross Profit (also called Gross Margin or sometimes “Net Revenue”). And assuming they both had the same net profit margins (profit / revenue) then the former company would be much better off at the end of the year. Let’s consider the following two software companies, both of which have 66% gross margins.

Startup 418
article thumbnail

10 Rules of Thumb for Startup Investment Valuation

Startup Professionals Musings

NewCo has filed a patent on one of their software tool algorithms, which is very positive, and puts them several steps ahead of others who may be venturing into the same area. Early customers and contracts in progress add value. Every customer contract and relationship needs to be monetized, even ones still in negotiation.

Startup 108