Quartz maintains that 46% of startups fail as they run out of money. Startups that are built on a shoestring budget can afford to stay in business through a remote team set up in a cheaper land.
Starting up your own business is not a cakewalk. And, when you’ve put your blood and sweat into it, you don’t want to go wrong with anything - especially with the business model or getting the right team in place. Despite all the popularity of outsourcing, many startups find themselves more inclined towards setting up their own remote teams.
Setting up remote engineering teams in locations like India allows businesses to take better control of their operations, scale up and down as needed, stay in charge of the hiring process, and more.
Some venture investors say that “Distributed teams are the new Cloud for startups.”
While deciding whether or not to set up a remote team for your startup, here are a few factors worth your consideration.
When Should Startups Set Up Remote Engineering Teams?
Let’s look at a few scenarios when working with a Remote Engineering Team can make sense for a startup:
Lack of the Right Talent - You might need a core industry expertise or particular skill proficiency onboard. When you fail to find a suitable resource in your proximity, within your budget, setting up a remote team can help. India is a leading destination for finding highly qualified IT talent. You find reliable expertise here at cost-efficient engagement models.
Limited Operational Resources – Setting up a remote team with the help of IT service partners helps you leverage already set up infrastructure from them. These partners are often responsible for ensuring they set up the right IT and operational environment for your team to work in. This arrangement can still be a cost-benefit instead of scaling infrastructure at your existing location.
Time and Speed Management - When you want to scale your startup quickly, a remote team can help you accelerate growth and manage it too. Early-stage startups are always looking for ways to limit their cost to buy time. Setting up your own remote team can help you save both time and cost when you set up the center in a cheaper country.
Scaling Up - Startups often undergo periods of massive growth, as well as times when they have to scale down to survive. Instead of hiring in-house employees, startup owners can bring in more operational flexibility by working with remote teams.
Management and Planning Gaps - A majority of startups exist in chaos. When startup owners face extreme growth or decline, they stagger. A qualified and trained remote engineering team can help stabilize the business in these times. As business owners have more control over who they want to hire, what expertise they want to retain/onboard/eliminate, they are able to keep the business afloat when things change.
Lack of Money - Quartz maintains that 46% of startups fail as they run out of money. Startups that are built on a shoestring budget can afford to stay in business through a remote software team set up in a cheaper land. This allows startup owners to skillfully dedicate resources and cash where needed while cutting back on extra expenses of in-house employees.
Once a startup or small business decides to set up a remote team based on one or multiple reasons, the next thing to think about is what tasks and operations they can best delegate to an extended team.
What Can your Remote Team Work On?
There are several functions startups can delegate to the remote software teams and run their business cost-effectively and efficiently. Here are a few:
MVP to Version 2.0 Development - Once you have a Minimum Viable Product approved in the market, tested for traction, and you wish you develop it into a full-fledged product, a remote team can help you get the job done at a rapid pace within your budget. Remote teams in India are a great example of the success of this kind of arrangement.
QA and Testing - If you aren’t sure about the security and robustness of your software product, you can hire proficient QA experts in another land to do the job for you. Setting up a dedicated remote team for QA and testing can be a great way to double-check the integrity of your business application and its functions.
Network Management – A remote team of IT experts can help you maintain your internal network infrastructure. You don’t need to hire a full-time employee locally to perform network management and troubleshooting. You can have a team manage your network remotely.
Reports Creation - Startups often need insight into their marketing, sales, and IT health data. This data needs to be presented in the form of in-depth reports, which can be created by a remote team. Since this process requires minimal input from your end, it can be very well executed by a remote team with minimal supervision.
Infrastructure Monitoring and Incident Response - Startups often worry about the health of their IT infrastructure. Any breach of security or incident can prove fatal for a small business. This is why remote monitoring through a remote team can prove cost-effective as well as valuable for a startup. You will need to hire resources that are adept at live monitoring and quick at responding to incidents.
Global Resourcing - Startups that cater to a global audience might need to onboard talent from across the world. They have the flexibility to set up remote teams with the right resources from any corner of the globe, using their recruitment processes and interviewers.
Accounting - Tracking finances through a remote team can prove to be effective for a startup as the team could already have the experience and expertise of maintaining accounts remotely and cost-effectively.
Administrative Tasks - Functions such as secretarial work and data entry needs minimal supervision from your in-house employees. Therefore, instead of engaging your local employees in such activities, you can rely on a remote team for the same.
Any function that requires low physical supervision needs lesser collaboration and communication, and can be done remotely might be a good option for a startup to delegate to a remote team.
Why Setting Up a Remote Development Team in India is a Good Idea
A team of remote engineers not only saves time but gives you the needed control and flexibility at cost-effective pricing. Fully loaded work executed in India costs 30-50 percent lower than in Europe and the U.S. after taking into account expenses for telecommunication, infrastructure, and integration.
India has emerged as one of the most sought-after countries for setting up remote teams. This is because of the low cost of living and operating, high availability of right talent, reliable resource availability, and accessible partners who make setting up of remote teams a successful plan for startups.
At Braves Tech, we make remote team setup a successful prospect for startups using our age-old experience of recruiting, managing, and overseeing remote teams. Connect with us to learn more about our services.