In 2014, the amount of investment made in the US alone for new startups was close to 50 billion dollars. That’s the highest since the dotcom burst in 2000. Almost 500,000 Startups are launched every month in the US. But how many of them are still going strong? Hard to say. But not more than 10%. 8 out of 10 businesses fail in the first year.
Among many other problems, the primary one would be, most businesses fail because they spend a lot of money trying to look like a business. The concept of lean startup approach is often forgotten.
A startup prototype can be launched within a month for as low as $1000, no matter how BIG the idea may be. Specially with the enhancement of the opensource programming languages and the community support that it gets, developing a basic MVP (Minimum Viable Product) is becoming easier and easier.
We are going to discuss some of the points that will help anyone looking to hire a team. For more information and scheduling a one-on-one discussion, you can drop us a line at email@example.com
So the first decision you have to make is to whether to hire a team or an individual. If you hire an individual, its probably going to cost less and you don’t have to deal with a lot of people, right? Wrong. Think about why exactly an individual is looking for work online. They are either non employable at any of the firms because of their laid back attitude or if they are employed, then they are looking for some part time work to make some extra bucks. In both cases, this person is not a long-term partner. They can get disappeared as soon as they have made enough money, and they don’t care about maintaining a reputation. There is nothing stopping this person from using your code to create something of their own in the future. And the risk is just too high.
Now if you hire a team, it doesn’t have to be a 20 people team. It could be a small 4-5 people team, having a website and online identity. A project manager, that is great in communication. This person will be your point of contact. Since you are not very technical yourself, this is the right person to communicate with as opposed to dealing with a coder directly. So you are still dealing with one person and if the team is highly experienced and know what they are doing, there wont be much difference in the price anyway.
2- Pick up the phone.
Most entrepreneurs are not technical. Its a myth that you need to be a programmer to launch a web/mobile app. It may used to be the case, but not any more. If you are not technical and have an idea where you need programmers/coders, all you have to do is pick up the phone and make some calls. If you speak to 5 teams separately, one of them will talk sense. You have to look for someone that doesn’t just talk the talk but also walks the walk. As soon as you find this person/team, hire them and start small with the documentation/wireframing/prototyping part.
Don’t be reluctant to pick up the phone and make few calls as opposed to going to one of the crowded marketplaces like Elance and Odesk where you will be bombarded with template proposals, all under bidding their way to win the project.
3- Do your due diligence.
Okay, so you have an idea. But you need to do your research first and document your idea. Spend some time on the forums and communities to see whether your idea is feasible or not. Also look out for products in the same space that are similar to yours. When you find one, go to builtwith.com and see what technology was used to build it. If you have done a good competition research, you will sound more confident and will be able to negotiate a better deal.
4- Keep the communication on.
Once you have outsourced your project, you can’t just sit back and relax. Its your product and you probably have a lot riding on it. There is no other person that can handle this project better yourself. Ask the team to break the work into short milestones and provide quick release cycles. Stay involved through every step of the way.
5- Trust the team.
Once you have been able to make a connection with the project manager and can see this person as someone who can get things done, trust them with their judgement. Most of the client relationships fail because of micro management. You hired them because of what they are good at so let them do their job.
Do tell us about your hiring experience if you have ever hired teams or individuals remotely. If you have a question, don’t hesitate to post it below in the comment section or email us.