Remove .Net Remove Design Remove Salary Remove Software Developers
article thumbnail

A heartbreaking story about time and money.

Berkonomics

Fixed overhead for salaries, rent, equipment leases and more make up the majority of the “burn rate” (monthly expenses) for most companies. Since this number is budgeted and pre-authorized, managers tend to focus upon other things such as sales, marketing and product development issues. We’ll get to my heartbreak in a minute.

article thumbnail

3 Things You Need To Be Aware Of When Calculating A Budget For An App Like Etsy

YoungUpstarts

Just take a look at one of the most impressive examples: in 2018, Amazon’s net profit exceeded $10 billion , which is twice as much as in 2017. However, if you strive to highlight your exceptionalism, develop a unique design and cater to customers’ needs in a better way, a simple theme won’t be enough for you. Hourly rate.

eCommerce 113
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Six Criteria for Outsourcing the Right Processes

Startup Professionals Musings

Since my background includes software development, I often get the question about when to build a solution in-house, versus outsourcing it to a local company, near-shore service, or off-shore organization in China, India, or Eastern Europe. If your software is your solution and “secret sauce,” don’t entrust it to outsiders of any kind.

article thumbnail

Six Key Factors in the Right Outsourcing Decision

Startup Professionals Musings

Since my background includes software development, I often get the question about when to build a solution in-house, versus outsourcing it to a local company, near-shore service, or off-shore organization in China, India, or Eastern Europe. If your software is your solution and “secret sauce,” don’t entrust it to outsiders of any kind.

article thumbnail

Why The Future Of US High-Tech Is Bright

YoungUpstarts

Take software developers as an example. Coming up with an idea for a new piece of software, developing it, and testing it is expensive. Yet once the software is coded, it can be reproduced millions of times at virtually no cost. Rigid union contracts constrain salaries, work schedules and promotions.

article thumbnail

To Outsource or Not to Outsource Software

Startup Professionals Musings

Since my background includes software development, I often get the question about when to build a solution in-house, versus outsourcing it to a local company, near-shore service, or off-shore organization in China, India, or Eastern Europe. If your software is your solution and “secret sauce,” don’t entrust it to outsiders of any kind.

Software 129
article thumbnail

Wasted time is money lost.

Berkonomics

Fixed overhead for salaries, rent, equipment leases and more make up the majority of the “burn rate” (monthly expenses) for most companies. Since this number is budgeted and pre-authorized, managers tend to focus upon other things such as sales, marketing and product development issues. Time slipped; fixed overhead continued.