As per studies, 70% of the total startups in the world failed to continue ahead! There are many reasons behind the same like;
- Heavy completion,
- Lack of financial support,
- Less demand for the product or services in the market,
- Lack of knowledge or expertise, and the Wrong Team!
Yes, one of the top reasons is less number or lack of proper management of the team members. Hence,
Team extension service is crucial for Startups!
Experts generally recommend newbies develop the MVP (Minimum Viable Product). It can help a business survive with a team having talented, experienced, and well-qualified members. So, it is vital to select suitable candidates and make the right team responsible for the success of a product!
Thus, to make it easier, Startups can use a dedicated team or team extension model to hire an outsourcing team. Taking the help of such a model can also help a business get returns in the long run. The ultimate goal is to form a team of qualified candidates necessary as the backbone of a startup!
What is Team Extension Model?
Some people also call it as Staff Augmentation Model! It is a process to select the expert candidates for the in-house team of a firm. So one can hire engineers, managers, or developers by outsourcing them from the top software development firms. It is a hiring model to extend the existing or in-house operational team.
The model works in a way such that it helps a company make its hiring process efficient while;
- Save costs in hiring top-quality experts as per need.
- Ease of managing a project using the underlying resources.
- Reduce the Skill Gap in the Existing Team.
- No waste of time in the Recruitment process.
- Empower In-house team members.
- Swifter time-to-market.
- Take the benefit of in-demand technologies like the latest frameworks and tools.
- Organize teams for both long and short-term goals.
- Flexibility in expanding the workforce and production capacities.
- Offers strategy to focus on a particular skill to develop a startup product.
A popular team extension model can help a startup strengthen its IT area. It is possible by using measurable, visible, and valuable outcomes! One can respond with ease and fast to business challenges with security, agility, and flexibility.
How can Startups form an Extended Team?
One can better manage the product development project by quickly setting up an extended team in the following way;
Stage-1: Determine the Requirements
The goals and expected results of the project should be clear. Software development firms can find the necessary expertise and point out the skill gap within a team using such references. After analyzing all such needs, it is easy for one to find out the required skills to outsource.
Stage-2: Selecting an Outsourcing Company
The next step is to find a reliable partner from the available team extension service providers. One can filter the search results based on technical expertise, talent pool, and knowledge. Further, the task is to share project-related knowledge with a suitable service provider.
Stage-3: Hire the Candidates
The extended team provider will select the project developers by conducting the research as per the needs. In this way, the provider will share the profiles of appropriate candidates with its partner company. Finally, it is on the Startup firm to analyze the suitable candidates or contact them directly for hiring purposes.
Stage-4: Onboarding the Team
After outsourcing, the new team must follow the responsibilities, roles, and processes of the in-house team of a firm. The onboarding process of the new team members should be simple! So that the extended team members know about the methodologies and work practices of the in-house teams.
Stage-5: Scaling as per the Demand
As per the need, a team extension model can help the Startup extend or dissolve the team! After outsourcing, the dedicated team can implement the particular tasks or solve any new problem with faster effects. The contract can be closed if a startup wants to eliminate a specific talent while continuing with the other team members.
Today many software agencies like Altamira offers effective
app development for startups. They are also helping their clients get help and ease the hiring of experts.
What are the Essential Factors to Keep in Mind?
There are many essential factors responsible for the right choice of an outsourcing IT partner for any company as follows;
- The team should bear the pressure or have an emergency plan under unexpected work conditions.
- The vendor has enough experienced and well-skilled personnel to deal with the project.
- Candidates can work in hostile environments.
- Must have a proper answer or solution to the issue that could occur amid the product development phase.
- The contract must include the protection of intellectual assets and concepts of a Startup.
- The communication methods, quality of work, and punctuality of completing work on time should be analyzed.
- There must be no ambiguity about the project's timeliness.
- The outsourcing vendor should offer transparent pricing offers that are best in the market.
One can operate a Startup with a high level of transparency during the complete lifecycle of developing the product. It is possible by partnering with other IT companies for outsourcing purposes.
Final Thoughts
The team extension model is to ease the development of the product by getting it done by the right skilled tech talents. It will help one lead ahead in the market competition! This hiring model functions the same as an existing in-house team.
There is one interesting fact about the team extension model. The new normal working conditions after COVID-19 have made it easy for one to adopt it! Today we enjoy the facility of online chat, video calls, and various other means to collaborate online. So a remote team independent of the physical location can collaborate and work together in real-time!
Your financial plan or the budget should be minimum for the next one or two years. It will keep you safe while contacting a technological partner for team extension or building an on-demand team!
Any startup can form a
team of highly skilled developers who can use the same in-house tools for project management to achieve similar goals! The aim is to manage the changing needs of the market. Something unexpected and beyond the reach of the in-house team!