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Pros and Cons of the Offshore Company for Software Development

The Startup Magazine

Almost all businesses today, regardless of size or industry, are using offshore development to build and enhance their own software. The most significant advantages of offshore development, such as lower costs, access to a larger pool of qualified development companies, resource management, flexibility, etc.,

Offshore 143
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Here’s How Outsourcing Software Development Brings Benefits Beyond Time and Cost

The Startup Magazine

If you’ve decided you’re ready to outsource , one thing you need to be aware of is that everything depends on the quality of your partner company. How to pick a quality IT outsourcing partner is a topic worthy of its own article. Oftentimes, as priorities shift, you’ll need to upscale or downscale the development team.

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Rustam Gilfanov: “The Business Plan Of A Startup Is A Test Of The Idea’s Survival Potential”

YoungUpstarts

Remember that investors will not appreciate a business plan that features exorbitant salaries of the founders. In 2006, Rustam Gilfanov, together with his partners, opened an international outsourcing IT company in Kyiv. Today, this company is the largest software developer for the gaming industry, marketing and finance.

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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.

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

YoungUpstarts

Develop a software solution. Keep in mind that some of the development tools like WordPress themes and Magento framework aren’t free. Building a software product, the massive part of your budget is the developerssalary. In average, the hourly rate for software engineering services reaches $47 per hour.

eCommerce 113
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Business Valuation: Determining The Worth Of A Company

YoungUpstarts

A current business valuation allows you to add a partner to your organization, or take advantage of an opportunity to strengthen your organization by way of a joint venture. “At To formulate your profitability, you must take into consideration all outgoing payments like payroll, and your gross income, yes even your own salary.

Valuation 162
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The Boundaryless Era: the Time for Distributed Teams

ReadWriteStart

These are highly-skilled people that make up critical parts of your software development teams. Why have remote, distributed teams suddenly become the smart way to build software companies? Next-generation chat, video calling, and project management software help keep teams in sync. Toyota is a software company.