Startup has a different ecosystem, challenges, constraints and way of working. Addysan team is well versed with those and work smartly to ensure right solution with optimum budget and faster implementation.
Most of the startup founder team are constrained on resources. They are constrained on spend but at the same time need high skilled resources. In normal scenario fund is directly related to resource skill one can acquire and speed up the implementation and expansion.
Startup generally work in adverse scenario, they need to manage a very thin line between accurate and right spend and real necessities. They should expand with a speed so that competitor do not surpass them and on the other hand it should not be over spent and exhausted. Statistics shows that few common reasons of failure are
1)Short of Fund – Even though one got million dollars as funding but still they ran out of cash to sustain.
2) Missed the right skill and quality hence outcome couldn’t capture the customer
3)Got delayed and competitor captured the market
One of the common mistake which leads to above three is
—Startup try to keep all in house team, be it technology, sales, operations, Content creation, marketing etc. Maintaining all these teams in house leads to over expenditure and quality compromise.
Founders need not be expert in all the area hence judging the right skill and their cost becomes a challenge more over to manage all the activities in house exhausts a lot of bandwidth in small nitty-gritties. It’s like you have your own office space and your job is to bid contracts and win but you cannot send an email because you are busy with network engineer in fixing internet (managing in house).
Right approach can be
When you outsource to right organization their cost might be less as they work in shared mode. Their resources are more skilled because they keep doing the same work for multiple customers. For those organizations, it’s easier to acquire talent than to acquire at individual level.
Identify Right Partner and Succeed in your Business!!