Outsource or do it in-house?
Hiring an experienced developer can be expensive, particularly for residents of a First World country. Aside from the salary, you also spend on recruiting costs, onboarding, employee benefits, and continuous training. Furthermore, your developer needs his office space, table, chair, computer, and other equipment. If you have a big project, you need to hire many developers and a project manager to supervise the entire development project. However, the expense doesn’t stop there as development costs can skyrocket, eat up a big slice of your budget, and even lower your net profits.
Web or mobile development?
Plus, that’s only just the basic components of development. Depending on what needs to be developed — web, mobile, or software — you may need to hire other specialists, purchase a specific set of equipment and tools, and spend a more considerable sum of money. Aside from the developers, there’s also the need to hire a quality assurance expert, business consultant, and UX specialist — who are experienced, knowledgeable, and skilled. Do take note that when it comes to hiring people with a higher level of experience and skills, the cost such as salary and benefits goes up.
Once, you do decide to build an in-house team of developers, a considerable amount of your time will be spent in screening job applicants who have the expertise and skill set that you need. Hiring alone takes a huge chunk of your time, and even if you’ve got a department to take care of the process — you, as the company owner, always end up making the final decision. The challenges don’t stop there because once you start hiring experienced professionals, there’s another job of monitoring their work, giving feedback, testing and making sure that app, web, or software development strictly follows the set schedule. Also, there’s the job of ensuring that development is still within the budget. More often than not, development costs exceed the limit because of revisions and glitches. Going through hiring and monitoring a development team, to purchasing all the equipment needed can be taxing on your part as a business owner. Apparently, you spend a lot of time in this department alone that you neglect the core activities of your company.
Outsourcing software development
Managing development projects can eat up much of your time as you need to become as hands-on as possible. Chances are, you spend less time on activities that are vital to the growth of the company such as searching for new leads and closing more business deals. As the business owner, you need to focus on matters that are more important — and the most vital task of all is managing the entire company, not just one department.
Rather than opting to create an in-house development team, choose to outsource it to a proficient IT company. Outsourcing web, mobile, and software development have become quite the norm, all thanks to the advent of the Internet. Plus, by outsourcing, there’s more time to work on strengthening your business’ vision, realizing its goals, improving its services, and creating better products for your clients.