Businesses have changed dramatically over the last decade, and more software companies, IT services, and product companies are now
delegating projects to low-cost offshore teams. Because of technological advancements, many businesses that rely solely on in-house skills
have benefited from offshoring their projects. Though the practice has been around for a long time, startups have recently discovered
that it is more effective and fits their budgets.
Today, nearly 54 percent of all businesses use third-party support. According to ‘Statistica,’ businesses will spend approximately $80 billion
on offshoring in 2020-2021, and 78 percent of business owners are confident in their offshoring partners.
The reason being, you save time and money while also acquiring the necessary skill set to complete the job more quickly and efficiently.
Save cost and time with offshore team.
Businesses seeking to grow quickly can resort to offshoring as it is one of the quickest ways to scale up the product & the business.
With the technological advancements in every sphere, it has become essential for businesses to match up to the cut-throat competition
and update themselves as quickly as possible. To conquer the market, scaling up has thus become a necessity for every business.
Though it is hard for start-ups to make that jump, scaling up is one of the best ways to make your organization more productive as it
collates the expertise of multiple resources to give a better outcome.
Moreover, the expansion also helps delegation of umpteen tasks in a company to a diversified workforce which eventually lets the
business owners focus on core operations while a separate unit handles the product development. Thus, you get an added advantage
to leverage the global talent and scale as and when needed as per the project requirements.
Scale up fast with offshore team.
As the product grows and business increases, every owner/entrepreneur tries to bring the outsourced team under their ownership
as it gives them a lot of flexibility and security when they decide to scale up their business. When it comes to fundraising & company
valuation, ownership of assets and people also play a significant role.
One of the major drawbacks of the traditional offshoring model is the lack of ownership & transfer of assets, as the engagement ends.
We, at CloudJournee, understand the risk and challenges faced by budding entrepreneurs and we come up with the flexible
engagement model – BOT.
Own your team.