INFOGRAPHIC: How Outsourcing Drives Startup Growth and Innovation

 

Startup Challenges

  • Limited budget / funding: 68% of UK startups find raising capital to be challenging - SVB UK Startup Outlook 2017
  • Hiring Talent:  90% of US startups struggle with finding talent -  SVB US Startup Outlook 2017
  • Time to market: Startups race against tight deadlines to release their product/service
  • Product-market fitStartups need to identify the right product-market fit
  • Getting tractionAcquiring and retaining users remain one of the biggest challenges

Why Companies Outsource

  • Cost reduction: 64%
  • Focus on core business:  57%
  • Improvement of service quality 47%
  • Access to resources: 45%
  • Business transformation: 38%

Source: 2015-2016 European IT Outsourcing Study by Whitelane Research

How IT Outsourcing Helps

What Cloud Employee Does for Startup Clients

  • 2 - 4 weeksAverage time to hire
  • £ 75,000: Average Annual Savings
  • 3 days - 1 week: Fastest time to hire on record
  • 2 - 3x: Enable faster product release
  • 65% or more: Savings versus hiring locally
  • 5x: Productivity Boost

Successful Startups Built with Outsourcing

  • Slack
  • GitHub
  • Staff.com
  • SeatGeek
  • Skype
  • MySQL
  • UpWork
  • Gliffy
  • Alibaba
  • Basecamp
  • Fab.com
  • AlertBoot
  • Appsumo
  • Whatsapp
  • Klout
  • Splunk

Source: https://www.entrepreneur.com/article/247462


 

Need help building your startup’s dev team? Talk to us, learn more how Cloud Employee works, or check out our Developer Pricing Guide. You can hire developers with us across these technologies.

 

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