5 TECHNOLOGY TIPS FOR EMERGING STARTUPS
This list will cover all finance, financing, technology, infrastructure, and outsourcing questions. This article will address the unique questions that new companies may face as they try to figure out how to get started in the business.
LACK OF TIME
Startups face the initial challenge of trying to beat the clock. Too many tasks to complete in a very short time. Although companies start small with a few core members, many tasks must be completed. Support teams are necessary to be part of an fully functional enterprise. These teams do not have to be in-house. A startup should outsource all tasks to save time.
Will having an in-house Tech team be more beneficial, even if it isn’t cost-effective?
All organizations should have their entire workforce within the company. However, we look at ways to reduce costs when cash is tight. If they are performing support tasks such as CRM, HR, and SCM, outsourcing will not impact your core business. However, keeping the whole team in-house while you work on core processes is a good idea or even mandatory.
A close-knit team is essential to build something innovative, creative, or new. You should not outsource your core competencies and core services/products.
When is it possible to outsource (exempting your core domain),:
- Budget constraints
- Looking for niche skills?
- Avoid administrative overhead
- Not essential to your strategy: Commodity tasks
We can outsource processes that aren’t critical to our core business but can be done at a lower cost and with the same quality.
LOSS OF ORIENTATION
Entrepreneurs are more eager to jump on the bandwagon and implement their ideas than plan long-term strategies. It is important to consider the long-term implications of your strategy. This should not be limited to identifying where you are today and where you want it to go in 2 years. It is crucial to create a detailed blueprint of your service and anticipate the obstacles it will face when it comes to fruition.
Will outsourcing cause a deviation in Vision and Plan? And how can it be prevented?
Vision is essential to prevent your plans from going off track. The startup’s market knowledge and product experience determine the Founder/Market fit. Vision is more than the ability to see the future. It’s also the ability to put your ideas into action.
It would be helpful for the offshore team to understand your requirements and help them realize your ideas. Outsourcing won’t work if you don’t have a clear vision. The outsourcing company has no incentive to help you achieve your goals. The Offshore team can help if there isn’t clarity in the plan by applying the traditional routes available in the market.
Vision should be:
- Assist in setting direction and defining goals
- Clarify your decisions
- Define what we do and why we do it.
- Materialize into a plan.
“Goals without routines are just wishes. Routines without goals are pointless.” Successful business leaders have clear visions and follow the rules (routines).
Verne Harnish: Scaling up: Why Only a Few Companies Can Make it…and Why All Others Don’t
You put so much effort into the business, and it may take off. There is always more to do. This is when businesses start to look at the possibility of scaling up. When scaling up, a bigger office, a more skilled workforce,, and new strategies are all possible.
Scaling up is about increasing productivity. This involves speeding up delivery and offering a wider range of products. These needs might require us to reconsider the delivery approach we have used so far.
How can we determine whether to use rapid-new-age development methods?
It is difficult to adopt rapid new-age development methods. Your workforce must be skilled and experienced in these methodologies. Otherwise, it is possible to go wrong when implementing new processes. Begin by looking at the skills of your project managers. Training them will take a long, painful process if they don’t possess these skills. You can hire external expertise to help you align your processes. It is important to evaluate the ability of your current team to adapt to and learn from the new processes. It is best to continue using current methods if your team cannot adapt.
We are a small company, so how important is DevOps implementation?
DevOps is more than a shift in methodology. It is also a culture shift. Determining if your company’s culture is compatible with DevOps is important. SMBs are often on a limited budget. DevOps allows you to speed up the delivery process and get your features online in marginally lower time and costs. Automated testing methods reduce errors and allow for faster identification and resolution.
In their initial stages, startups often struggle with uncertainty in the environment. The fear of not being accepted by the market keeps startups from exploring new targeting options. How can we tell if a situation is risky or an opportunity to cash in?
Is it better to use a more advanced interface when working on the Digital Face for my product or to stick with the current industry norms?
Why is it important to have a completely different interface? Do you need to create something new, or do you see it as a requirement for your product? If you have an innovative idea, stick to the rules unless the interface is integral to the solution. Do it not for the sake of “looking different.” You should not let boredom or panic drive you to make drastic changes. You can change an already established, traditional and well-known interface, but you should do so in small steps. Release new features in small increments. Get regular feedback and decide the next steps.
How can we narrow our search for a lasting Technical Platform without falling into a Tech Bubble but still not missing the train?
Technology is constantly evolving. These innovations promote new functionalities that propel your applications with modern proficiencies. You should consider the needs of your business and determine if you need the latest framework, platform, environment, or library.
Some many platforms and frameworks are constantly being developed. It is difficult to say which one will be the best until it has reached a certain maturity level. It is best to use what has been on the market and proven reliable for upcoming companies. These provisions will provide better support for larger communities, frequent updates, and reliable plugins to grow upon. SWOT helps you assess your options and makes it more science-based than an instinctive or intuitive decision. An instinctive certainty is preferable to a calculated risk.
“User experience matters.” Although it has always been so, it is often undervalued or poorly invested. Learn user-centered design if you don’t already. People who are experts in this field should be hired. It is important to pay attention. It is something you should live and breathe. Bring your entire company aboard.”
When should we decide whether to obtain CMMI, ISO, or any other Quality certifications at this stage in our growth?
A startup should not put quality certification at the top of their to-do lists. After you have been freed from financial and operational pressures, it is time to evaluate the quality of your processes. Reviewing all aspects of your business once you can scale up to a larger customer base is recommended.
Many in the startup community believe that funding locks signify success. It is not the summit of Everest. It takes time to grow, and patience, foresight, and perseverance are necessary. While dogma can provide some self-assurance, dynamic changes driven by dogma, do not guarantee success. Your great idea is more important than technology. Instead, focus on the product.