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6 Due Diligence Concerns Before Outside Contracting

Startup Professionals Musings

If you have a software development background like mine, I’m sure you often get questions about when to outsource, versus building the solution in-house. Outsourcing is defined as contracting the work to another company, usually located in a developing country, like India, China, or Eastern Europe.

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53 Questions Developers Should Ask Innovators

TechEmpower

At TechEmpower, we frequently talk to startup founders, CEOs, product leaders, and other innovators about their next big tech initiative. Do you have legal (Founder Agreement, IP, etc.) Are there other founders, business leaders, partners, or administrators? Logging/Auditing What key operations need to be logged for auditing?

Developer 520
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Build Predictable Startup Models by Forming an Agency

ReadWriteStart

Industry-specific domain experience becomes critical when identifying operational pain points ripe for transformation. This outside work provides a valuable source of revenue able to be used to fund operations. This provides both valuable experience and an understanding of the operational issues within each sector.

Incubator 188
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10 Attributes Of The Perfect Partner For Your Startup

Startup Professionals Musings

Very few entrepreneurs have the range of skills and experience to be the solution creator as well as business creator, or operational as well as sales leader. In fact, I would broaden the definition of partner from co-founder to “business partner.” Operate with a comparable level of integrity.

Partner 385
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6 Realities To Evaluate Your Outsourcing Alternatives

Startup Professionals Musings

If you have a software development background like mine, I’m sure you often get questions about when to outsource, versus building the solution in-house. Outsourcing is defined as contracting the work to another company, usually located in a developing country, like India, China, or Eastern Europe.

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10 Ways Your Startup Co-Founder Is Like A Good Spouse

Startup Professionals Musings

Very few entrepreneurs have the range of skills and experience to be the solution creator as well as business creator, or operational as well as sales leader. In fact, I would broaden the definition of partner from co-founder to “business partner.” Operate with a comparable level of integrity.

Cofounder 221
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5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Waiting until you have something to sell before bringing on a sales and operations staff. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month. This could equate to two technical founders (with a minimal salary), funding two developers for a year.

Burn Rate 258