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If you have a software development background like mine, I’m sure you often get questions about when to outsource, versus building the solution in-house. Outsourcing is defined as contracting the work to another company, usually located in a developing country, like India, China, or Eastern Europe.
What worries me a bit is how often I read that startups should hire a developer / hands-on lead developer. But often the result of a Founder hiring a developer or lead developer or even a VP engineering is a gap created between the founders and the developers. What do we build in-house or outsource?
If you have a software development background like mine, I’m sure you often get questions about when to outsource, versus building the solution in-house. Outsourcing is defined as contracting the work to another company, usually located in a developing country, like India, China, or Eastern Europe.
If you have a software development background like mine, Im sure you often get questions about when to outsource, versus building the solution in-house. Outsourcing is defined as contracting the work to another company, usually located in a developing country, like India, China, or Eastern Europe.
In the initial phases of any new market you’re developing a product (hopefully with a minimal set of features), getting feedback from customers, refining your product based on user feedback and then re-launching your product. Markets develop for a complex set of factors that are often beyond all of our control.
We are in the age of outsourcing, by any of many popular names, including subcontracting, freelancing, and virtual assistants. He is regarded by many as the number-one authority on virtual staffing and personal outsourcing, and is himself a successful entrepreneur based in the Philippines. Be flexible.
We are in the age of outsourcing, by any of many popular names, including subcontracting, freelancing, and virtual assistants. He is regarded by many as the number-one authority on virtual staffing and personal outsourcing, and is himself a successful entrepreneur based in the Philippines. Be flexible.
If you have a software development background like mine, I’m sure you often get questions about when to outsource, versus building the solution in-house. Outsourcing is defined as contracting the work to another company, usually located in a developing country, like India, China, or Eastern Europe.
We are in the age of outsourcing, by any of many popular names, including subcontracting, freelancing, and virtual assistants. He is regarded by many as the number-one authority on virtual staffing and personal outsourcing, and is himself a successful entrepreneur based in the Philippines. Be flexible.
I believe that it is part of the DNA of an entrepreneur – being so competitive that you’re practically sick when you lose. They’re competitive. I had been competing to win a contract at Thames Water, the largest water company in the UK. I was to tell noone until the contract was signed.
I believe that it is part of the DNA of an entrepreneur – being so competitive that you’re practically sick when you lose. They’re competitive. I had been competing to win a contract at Thames Water, the largest water company in the UK. I was to tell noone until the contract was signed.
We are in the age of outsourcing, by any of many popular names, including subcontracting, freelancing, and virtual assistants. He is regarded by many as the number-one authority on virtual staffing and personal outsourcing, and is himself a successful entrepreneur based in the Philippines. Be flexible.
Fourth: Financial risk. Any new enterprise is at risk if there are not enough resources to get the company to breakeven, which is a proxy for stability. And fifth: Competitive risk.
We are in the age of outsourcing, by any of many popular names, including subcontracting, freelancing, and virtual assistants. He is regarded by many as the number-one authority on virtual staffing and personal outsourcing, and is himself a successful entrepreneur based in the Philippines. Be flexible.
Venture capital is in the process of its own creative destruction with new market entrants and new models of innovation at the precise moment that our industry itself is contracting. Platform cloud players like Salesforce.com provide compute resources so that third parties can build applications that integrate with its core product.
Most new business owners I know feel the challenges of not enough time, money, and resources, and see these as problems rather than a competitive advantage. I’m often asked for the secret to this attribute in developing a team culture. Outsourcing of manufacturing is another option.
Any new enterprise is at risk if there are not enough resources to get the company to breakeven, which is a proxy for stability. And fifth: Competitive risk. . This is sometimes labeled “execution risk” addressing whether management can create and run the company producing the product acceptable to the marketplace.
In fact, I think the evidence is clear that many entrepreneurs started their journey while still in college, and capitalized on all the resources there, before moving on: Extend your technology focus with business basics. Every school recognizes the power of “hands-on” work to help you develop your own ideas into a business.
Time is money, and may be your primary competitive advantage. Don’t spend your whole development budget, before finding that you need another iteration. A three-dimensional prototype is always better than just a documented specification when negotiating contracts for manufacturing, support, and marketing.
► February (1) Building and Developing an A++ Team ► 2008 (14) ► December (1) Develop a Culture Roadmap ► November (2) Green Week - Save the Environment and Your Cash Creating a Culture of Innovation: Cultural Values. Outsourcing ► April (1) GoogleClick - Who owns your cash register? Startup 3.0:
To grow faster businesses need resources in today’s financial period to fund growth that may not come for 6 months to a year. Fast early growth in a market is often eroded when competition gets fierce and prices are forced down due to competition. million contract over two years. So which company is better run?
Time is money, and may be your primary competitive advantage. Don’t spend your whole development budget, before finding that you need another iteration. A three-dimensional prototype is always better than just a documented specification when negotiating contracts for manufacturing, support, and marketing.
Time is money, and may be your primary competitive advantage. Don’t spend your whole development budget, before finding that you need another iteration. A three-dimensional prototype is always better than just a documented specification when negotiating contracts for manufacturing, support, and marketing.
First-to-market’ is not a sustainable competitive advantage for startups, since sleeping giants do wake up when they see traction, and they can smash newcomers quickly. Willing to start today and find resources later. Marketing should start before product development. Easier-to-use’ and other fuzzy terms won’t get any attention.
Time is money, and may be your primary competitive advantage. Don’t spend your whole development budget, before finding that you need another iteration. A three-dimensional prototype is always better than just a documented specification when negotiating contracts for manufacturing, support, and marketing.
Develop your business plan. Product development process. If you are contracting or outsourcing, this is even more important. Manage human resources. But having no process does not make you more competitive. Write down the key elements of your business plan very early, and keep it current as things evolve.
I believe that it is part of the DNA of an entrepreneur – being so competitive that you’re practically sick when you lose. They’re competitive. I had been competing to win a contract at Thames Water, the largest water company in the UK. I was to tell noone until the contract was signed.
Any new enterprise is at risk if there are not enough resources to get the company to breakeven, which is a proxy for stability. And fifth: Competitive risk. . This is sometimes labeled “execution risk” addressing whether management can create and run the company producing the product acceptable to the marketplace.
Develop your business plan. Product development process. If you are contracting or outsourcing, this is even more important. Manage human resources. But having no process does not make you more competitive. Write down the key elements of your business plan very early, and keep it current as things evolve.
Develop your business plan. Product development process. If you are contracting or outsourcing, this is even more important. Manage human resources. But having no process does not make you more competitive. Write down the key elements of your business plan very early, and keep it current as things evolve.
The bad news is that many are already doing it, with competition growing, so the longer you wait, the less chance you have of getting there first. In a new startup, there is tremendous competitive value in registering intellectual property early, but you don’t need to contract these tasks to expensive experts any longer.
Develop your business plan. Product development process. If you are contracting or outsourcing, this is even more important. Manage human resources. But having no process does not make you more competitive. Write down the key elements of your business plan very early, and keep it current as things evolve.
For example, many investors I know tell me they look for business plans that allocate the largest portion of a requested investment to marketing, but most often see the top “ use of funds ” to be further product or service development. Allocate resources to handle bumps along the way. Solicit complementary partnerships and alliances.
One of the readers asked my opinion around sharing your startup concept: My first question has always been - how do you protect your idea while shopping around for feedback, partners, developers, etc.? You’ll learn about competitive products that exist or are being built. Lots of thoughts here. You’ll get suggestions for improvements.
Santa Barbara-based Ice Energy (www.ice-energy.com) has quietly been working away at developing energy storage systems to help smooth out the demand for energy on the nation's power grid. We ended up being a part of a group of four companies who were awarded energy storage contracts. megawatts of energy.
As noted in Contract Traps Entrepreneurs Should Avoid , exclusivity can kill a small company. Being the first partner may also allow the BDC to influence your technological development and conform it more closely matches its technology roadmap.
First-to-market’ is not a sustainable competitive advantage for startups, since sleeping giants do wake up when they see traction, and they can smash newcomers quickly. Willing to start today and find resources later. Marketing should start before product development. Easier-to-use’ and other fuzzy terms won’t get any attention.
One of the readers asked my opinion around sharing your startup concept: My first question has always been - how do you protect your idea while shopping around for feedback, partners, developers, etc.? You’ll learn about competitive products that exist or are being built. Lots of thoughts here. You’ll get suggestions for improvements.
A big trend in business these days is hiring freelancers or contract personnel for the duration of a project, rather than permanent staff. Here are some key strategies that I recommend to every worker today: Develop and highlight your competitive differentiation. Develop the courage to move on.
Many of you will know that Twitter unexpectedly cancelled it’s contract to allow DataSift to resell Twitter data to 3rd parties. Twitter announced its acquisition of our competition Gnip almost a year ago. This misunderstands the situation so I want to clarify things a bit. Some evidence? You might ask yourself why?
Way back in the early eighties, I was privileged to be part of the original IBM PC development team, led by Don Estridge. The culture of a large technology company is to rely on internal development or large, stable, and proven external vendors. Corporate entities operate under strict competitive and accounting rules.
First-to-market’ is not a sustainable competitive advantage for startups, since sleeping giants do wake up when they see traction, and they can smash newcomers quickly. Willing to start today and find resources later. Marketing should start before product development. Easier-to-use’ and other fuzzy terms won’t get any attention.
► February (1) Building and Developing an A++ Team ► 2008 (14) ► December (1) Develop a Culture Roadmap ► November (2) Green Week - Save the Environment and Your Cash Creating a Culture of Innovation: Cultural Values. Outsourcing ► April (1) GoogleClick - Who owns your cash register? Startup 3.0:
Earlier this month, Los Angeles-based Catalog (www.catalog.cc), a startup developing artificial intelligence software to help independent visual artists scale their content production efforts, announced it raised $1.5M That system allows us to arrange shoots and coordinate with contracted talent to produce that content.
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