The IT market is thriving with opportunities for creative founders. There is always space for a new idea, an upgrade, or an innovative approach in the IT field. Since technologization is here to stay, it is a gold mine for entrepreneurs.
To succeed as a founder, you don’t necessarily need technical skills. Having a bright idea and a team of talented make-it-happeners is all it takes.
Most people think there is a long way to bring their ideas to life. Luckily, there are shortcuts (we’re in the IT field, remember?).
In this article, we’ll go over two of the most popular: Offshoring and Yourshoring.
What are Offshoring and Outsourcing
Offshoring is a common business practice of moving a whole process or part of the business to outside providers for ongoing, long terms. It means hiring talents from overseas to undertake some parts of your business. When offshoring, you can take advantage of more advantageous conditions like reduced labor costs, property costs, and taxes to manage a part of your operations in another country.
Although different, offshoring is usually confused with outsourcing.
The main differences between outsource vs. offshore practice are the time frame and workload.
Outsourcing involves short-term and task-based hiring of talents from outside to perform specific tasks or projects. Outsourcing is project-based short-term, while offshoring is an ongoing, long-term collaboration.
They both are great solutions for getting things done, but when it comes to the long-term scaling of your business, you know which card you have got to play (offshoring!).
How to scale your business with offshoring?
Scaling a business is a long-term endeavor and so should be the approach you take. Offshoring is therefore the best route you can take to skyrocketing your business. Here is how it can work the best for you.
1. Business continuity
Long-term offshore collaborations ensure the continuity of your expertise in the market. Besides, growing a business is a long-term endeavor and you want your team by your side all this time. Once you set long-term objectives, it is easier to direct your team’s efforts toward meeting them.
2. Skill enhancement
The product you are building should be within your company’s core skillset. Offshoring talents, you enhance the talent resource of your business and give your business a boost for growth. Besides, there are specific parts of building a business that take place only at the beginning of your business life cycle (i.e. coding, building the software product). Hiring a software development team to actively engage in the building phase would be a smart choice.
3. Money savings
By hiring talents from Eastern Europe you can drastically cut your labor costs (twice at least). Top developers are miles away (and thousands cheaper, therefore). Offshoring is a win-win business arrangement that can bring the right (far-away) talents to the right businesses.
In a nutshell, offshoring is a proven road to putting your business in a high growth mode. It allows you to access top-notch IT talents and to put them at work to skyrocket your business.
However, offshoring has some challenges you should beware of.
Offshoring disadvantages
- Culture barriers. When working with people from overseas, culture may interfere in unexpected ways.
- Lack of control. The farther your team is located, the harder it is to oversee their daily work.
- Low connection. The challenge of getting your team to feel emotionally connected to the product they are working on is doubled in a remote workplace.
Luckily, given the right approach, these disadvantages can turn into advantages. That’s exactly what the Turnkey Labs team did. They came up with a solution to all the drawbacks of offshoring, which is hiring YOUR team. That is, Yourshoring.
Yourshoring: play on YOUR terms
Yourshoring is the first remote development team built entirely around your needs. By taking the best of offshoring and outsourcing, TurnKey Labs designed Yourshoring around You. It involves recruiting YOUR team, which shares YOUR values, acts according to YOUR needs, is dedicated to YOUR vision, honors YOUR culture, and plays under YOUR rules.
Hiring such a team is the secret shortcut to scaling your business. Here is why:
- Full connection. The team you get is completely integrated into your business and emotionally invested in your collective success.
- Perfect fit. They help you recruit your entire team from scratch based on your specific needs.
- Sense of control. Your team allows you to have complete control over their work.
- Top-notch talents. Having the best talents by your side is the fastest way to success.
- Scalability. It allows you to easily scale up your business.
Key takeaways
- Skyrocketing your software business takes a combo of having a visionary idea and a team of make-it-happeners to bring it to life.
- Offshoring is a great ongoing, long-term option, whereas outsourcing is a task-based, short-term one. Yet they both have some drawbacks.
- Yourshoring is an innovative approach that gets the best of outsourcing and offshoring and eliminates the drawbacks.
- The most efficient way to recruit the right talent team is by designing it around your values, your needs, and your objectives.
