It can be difficult to hire a dedicated software development team for your product. There are many factors that go into hiring the right team and it is important to know what you need before looking for a company to develop your product. This ultimate guide will help you understand how to find, vet, and choose the perfect Dedicated Software Development Team for your Product.
You may be a startup or an established company with existing products. Developing a new product whether you are a startup or an existing company can be a daunting task. The process is long and can be expensive. However, outsourcing your product development to a Dedicated Software Development Team not only saves time but also saves money.
As part of your outsourcing initiative, you want to ensure that the team you hire has experience in your industry domain.
Here are some issues entrepreneurs struggle with when trying to bring a product idea to market:
Hiring a dedicated team to develop your software would solve all these issues, plus you reduce the risk of time and budget overrun.
Here are some major risks you should take into consideration before hiring a dedicated software engineering team.
One of the major risks of outsourcing your product development is if the company you are hiring doesn't complete the project on time. Some poorly run outsourcing companies may start the project strong, but fail to complete it on time, because they did not use the right project management techniques, or have a strong experienced team. Some companies may also take on more projects than they can handle and struggle to deliver all of them. Ask what project management tools and techniques they use. Most projects - particularly modern ones, need agile development teams.
There are hundreds of software development companies and many more are popping up all the time. It is hard to believe that many development companies are started by fresh graduates with no real industry experience. Questions to ask:
There can also be an issue with teams not being able to communicate properly due to a language and culture barrier. One of the best ways to find quality software engineering companies is to search for ones that have an international presence and existing clients in your geographic locations. It is essential that you speak with the project manager and/or technical staff before making any final decisions so you are comfortable with their communication skills.
When with an international company, here are some legal aspects you should consider.
Here are few major outsourcing models for custom software product development:
Offshore Development teams - With offshore outsourcing, the development team works remotely and communicates through modern communications tools like zoom and teams. The client is not required to visit the company office in order to complete on-site assessments, reviews, etc. It is an ideal solution for customers with lower budgets and smaller, less complex projects.
Nearshore Outsourcing - Nearshore outsourcing is done by hiring companies that are in countries that are closer to your timezone and geography. With nearshore outsourcing, you can visit the company office in order to complete on-site assessments and reviews. Nearshoring is an ideal solution for customers with medium-sized budgets that still require frequent visits from their project team overseas and larger more complex projects. For example, a client in the US may choose to work with a company based in Canada or South America for the same time zone access, and easy geographical access for frequent visits.
Onshore Outsourcing - With Onshore outsourcing, the customer can visit the company or the company team can come and work at your location.
For medium to large projects, you can expect to have a combination of all the modes above. E.g. Some key members can work from your company, the project manager can be located in a nearshore company location, and many of the developers can work from off-shore.
When deciding on the best outsourcing model for your project, there are several things to consider.
Fixed Price - If your product is well defined and has a fixed budget, then this is great if you want complete control over how much your company spends. This is great for prototypes, PoCs, or small MVP projects. It will be challenging to ask for major feature changes without having proper change management procedures in place.
Dedicated Teams - One of the advantages of this model is that it is great for startups where the product idea is evolving and may need to pivot and reprioritize features frequently based on customer feedback. You will have direct access to the engineering team who work exclusively on your project. This is great if you want full control over your project, but you would need to plan a long-term relationship with the development company and a long-term vision for the product. Dedicated development teams can help your projects be agile and evolve over time.
Hiring a Freelancer is a different model where you would have one or few freelancers working on your project. This is good if your projects are fairly small and simple like a website build or design projects. Ensure that you hire freelancers you can trust and can depend on long term for support. A few popular freelancing platforms are Upwork, Fiverr, or guru.com
The best outsourcing model for you will depend on what type of customer you are. For smaller budget projects with a lot of complexity, I recommend offshore development teams so that the company doesn't have too much control over how much they spend or get out of their product. For larger, more complex projects, I recommend a combination of nearshore and offshore development teams.
Here are seven major points to evaluate your Software Development Partner:
The requirements of team members can depend on the complexity and size of the product. It is typical to have teams of 4-8 members depending on the scope of development. Here are various team members who could constitute an agile team
The top countries or regions to hire a dedicated software engineering team are:
India is the top outsourcing destination in the world and is one of the most popular places to outsource development work. India has a large pool of software engineering talent, well-known universities teaching STEM curriculum. India has the 2nd largest population that speaks English. College and university courses are taught in English.
There is a large pool of highly skilled IT workforce as most large software Giants like Microsoft, Oracle, and IBM have set up development centers in cities like Bangalore and Chennai. Businesses based in North America, Europe, and Australia may find India as a good source of English-speaking IT staff.
There could be some challenges such as dealing with different time zones, and different cultures and work ethics. These risks are mitigated by hiring staff experienced working with customers from your geographic location.
An Average cost of a senior developer's salary in India is 13,000 USD per annum.
Eastern European Countries like Poland, Ukraine, Romania, and Hungary are also an option for outsourcing development. These countries are a great source of highly skilled Software Engineers. The advantage is closer geographic proximity and time zone and similar culture. Costs could be higher than in India, and another factor to take into consideration is political stability. The salary for a Senior Developer in Ukraine is 48,000 USD.
South American Countries like Argentina, Brazil, and Chile are also options for outsourcing development. These countries have a large pool of skilled IT workforce that speaks English well. Costs could be higher than in India or East European countries. Depending on the country, the annual salary for a developer can be around 15,000 - 25,000 USD.
Canada: Outsourcing to Canada is a good option for US-based businesses. There are few cultural differences to worry about and time zones keep communication great. This ensures that companies achieve true collaboration and higher visibility on larger and complex projects. According to Payscale, the average developer salary in Canada is 53,000 USD per annum.
Premium Custom Software Development Companies like Cabot Technology Solutions have locations in multiple countries like India, Canada, and the US enabling you to take advantage of cost arbitrage plus get the benefits like proximity and a great experience.
Evaluating your outsourcing partner is key to ensure that you’ve found the best fit for a long-term relationship. The most important factors are:
Communication and collaboration, Scalability of resources with project size, Cost-effectiveness, Location proximity, Time zone overlap. Typically these four parameters decide how smoothly an outsourced development project can go.
As any project has to start with an overview of the problem. This includes what are your goals for the product and what requirements does it have to satisfy?
Questions to ponder:
Jot down ideas for :
It could be beneficial to hire a Product Manager to help with the discovery of the product.
Developing a software product could cost anywhere from tens of thousands to millions.
It is critical to set a budget before starting the product development process and understand clearly how much you are willing to spend for your software needs.
You may want to create the product in Phases:
Decide the type of team you need, and what type of skill sets are required to build the software. You may need a product manager or a CTO to help you through this process. What type of technology is the product going to be built in?
Depending on your budget, scope, and complexity, you will need to decide where you would like to hire your development team. You can start researching about companies through google, visit websites, Linked In, and request for an initial consultation. Refine your criteria based on technology, geography, quality, and budget. Contact companies and set up one week to interview many of them and select the top 3 to evaluate further.
Discuss your requirements after signing the NDA and request for proposals. By this time, you will get a general idea of who your next partner should be.
For all the technical expertise you need to build a winning product, let Cabot Solutions take care of your software development needs. We have over 50 years of combined industry experience and are ready to give you an estimate for any type of project - big or small. Get in touch with us today by filling out our contact form for more information on how we can help!
Subscribe to our newsletter and know all that’s happening at Cabot.
YOU WILL BE HEARING FROM US SOON!
We look forward to hearing from you!
YOU WILL BE HEARING FROM US SOON!