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Many entrepreneurs tend to want to do everything on their own.
Business owners have a clear vision for how they want to run their business and are often quick to dismiss anyone who provides input or suggestions that may muddy the waters of that vision.
However, every tech business magnate would agree that they didn’t achieve their level of success entirely on their own.
Every tech empire began as a startup. So we ask ourselves, “how did these corporate conglomerates become so profitable?”
Well, the answer is simple. Just like the best sports teams in the world, tech businesses achieve success because of their team.
In this article, we’ll discuss how to scale your tech startup with top development talent so that you can achieve business success.
Every startup needs some form of investment capital to get off the ground.
Whether your tech startup works with an angel investor, venture capitalists (VC), or a private equity investment agreement, your startup has only a specific window of time to pay back that investment.
Say that these investors gave you $5 million of venture capital to start your business. You may only have a year or two to pay back that investment, plus a return on that investment (typically 25-35% over the lifetime of the investment).
Tech startups have to be aggressive with spending this money.
Investors want you to spend this money wisely. This means that you need a space to work, the proper equipment and technologies, and of course, the tech dream team.
So, once you’ve spent some of that capital on a workspace, computers, desks, chairs, and all other office necessities, then you’re ready to start hiring.
When a tech startup is scaling, the structure of the development team’s responsibilities may shift from one week to the next.
Your team members must be agile, flexible, and patient as the product evolves and tasks change. Sometimes things can get disorganized and, at times, chaotic when working for a startup.
Your newly hired developers should also be able to keep up with the many priority shifts when developing new technologies.
If they have prior experience developing software for a startup, they’ll have firsthand knowledge of what it’s like to be immersed in that kind of culture.
Aggressively scaling a product involves ramping up marketing and sales, hiring more people, raising sufficient capital, and growing the business as a whole.
However, one dark cloud hovers over the entire venture once a startup begins to scale quickly and successfully - they have to deal with a more extensive user base.
This is where it’s crucial to have a development team with product scale experience. As your user base grows, your developers can engineer your database, website, application, infrastructure, etc., to accommodate more users.
Scaling your product enables the technology to withstand more users, so that you don’t sacrifice UX/UI quality due to increased web traffic.
As a tech startup business owner, you want the best of the best working on your team. Your developers should adopt a precise set of traits, characteristics, and skills to be considered a member of your A-team.
The best developers have the most experience, along with the highest degree of knowledge and understanding of the ins and outs of product development.
You want a developer who can write squeaky-clean code so that your website or application can withstand spikes in traffic or users. Having clean code also allows developers to make changes in real-time, saving both time and money.
Developers should always understand the importance of documenting their process. Documenting the development process makes it easier to trace back steps and adjust the product in the future.
Your development dream team should be very knowledgeable and experienced with all types of software development tools, frameworks, libraries, methodologies, and techniques.
Building your product may require several tools, so your development team must understand how to use the tools at hand, plus what additional tools are needed to get the right result.
Almost every aspect of growing a startup is labor-intensive. Traditional manual processes may slow down your ability to scale the business, so opting for automated processes may be the way to go for specific tasks.
You must think closely about which processes you choose to automate. Is it automating billing and payroll? Perhaps, you wish to automate your business’s marketing processes.
Think about what takes the most time and resources. Then, think about if that component could be automated to save time. If it can save your team more time without creating any additional bottlenecks, then consider automating the process.
You can do this by having your development team integrate third-party software with your existing systems. You could also consider hiring outside help to create a new customized solution that’s right for you.
Before you begin your venture to find great talent, you want to consider if you want your development team to be in-house or outsourced.
There are significant advantages to either choice, but you want to decide which one works best for you.
Leverage the power of professional talent management services to locate developers that have the industry experience and development proficiency that you’re looking for.
Outsourcing is more economically feasible than hiring an in-house team. So, depending on your budget, you may want to consider outsourcing as the most viable option.
Chetu can offer a more bespoke solution for your startup with our custom software solution services.
Our team of over 2,800 software developers, engineers, and programmers has industry-specific experience working on all kinds of software development projects.
We’ve been augmenting existing IT teams to revamp business systems and designing new solutions from scratch for over 20 years.
We’re confident that we can elevate your startup to new heights. Hire two, three, or a larger team of 10+ developers to take on your next development project.
We can accommodate whatever your software development needs are. Whether you need help at the early stage of development or integrating systems with your existing solution, Chetu has got you covered.
Chetu, Inc. does not affect the opinion of this article. Any mention of specific names for software, companies or individuals does not constitute an endorsement from either party unless otherwise specified. All case studies and blogs are written with the full cooperation, knowledge and participation of the individuals mentioned. This blog should not be construed as legal advice.
Chetu was incorporated in 2000 and is headquartered in Florida. We deliver World-Class Software Development Solutions serving entrepreneurs to Fortune 500 clients. Our services include process and systems design, package implementation, custom development, business intelligence and reporting, systems integration, as well as testing, maintenance and support. Chetu's expertise spans across the entire IT spectrum.
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