Stage 1: Idea:
- Technical Expertise.
- Run a competitor analysis to check the feasibility of your idea.
- Helps decide the technology stack based on your business goal.
They create SRS documents to list out your project constraints, target audience, supported platforms that guide the development team & helps owners to track the project parameters.
Stage 2: Beginning Startup
Freelancer:
- When you hire a freelancer, you will have to put efforts in organizing office space, building work processes, purchasing all required equipment, devices for testing, and many other matters which will distract you from your main goal – satisfying your users’ needs!
- And the conclusion is hiring a freelancer would fill you up with a lot more responsibility.
Software Development Company:
- However, working with a professional software development company to reduce the efforts.
- Hiring a development company can provide all necessity to start the development, minimizing your product’s time-to-market, and cuts many unnecessary costs.
- Except the budget, which is a common issue with software development for startups.
Read About – How Much Does It Cost To Build A Mobile App?
Stage 3: Experienced Startup
Once the product is out, you are ready to begin with the periodic evolution of the basic version with new features, new users, new devices and new requests referring to the competitors in the market. But to stick around in the market, you must need a team of reliable developers who are determined to work on product updates. The software partner can respond to your growing needs in many ways:
- Ongoing product development cycle.
- A project manager, a bridge between the product owner and development team.
- Secured Confidential data of product.
- Software partner’s experts for consultation.
Stage 4: Established Company / Enterprise
Evaluation of Added Value At Each Stage:
Stage 1: Idea
At this stage you get crucial information through consultancy, which includes:
- Free consultation with a sales team.
- Business analysis.
- Technical analysis.
- UI/UX design & prototyping.
- Approximate software development cost estimate.
Stage 2: Beginning Startup
If you are planning to develop MVP project, there are two options:
Stage 3: Experienced Startup
The wise decision is to approach a reputed software development team with the sufficient Time & Materials contract terms in favour and is preferable for ongoing delivery of a turn-key product thanks to:
- Persistent team allocation.
- Optimal team efficiency and time-to-market.
- Full transparency of actions, decisions and responsibilities.
Stage 4: Established Company / Enterprise
Dedicated Team contract is usually the only viable solution:
- You get a full-cycle product team.
- A quickly integration with company’s structure, release cycles, development processes and tools.
- Efficient communication with the client team.
Conclusion:
Our story can be summed up with several do’s and don’ts for product owners:
- Communication – this is the key!
- Always return with responses to your development partner.
- Share your goals with your team in order to get their involvement in it.
- Keep track on a given budget and plan process flow accordingly.
With the initial development your product enters the market but with time it requires upgrade, so choose your software partner carefully!
Do You Need more information?
For any further information / query regarding Technology, please email us at info@varianceinfotech.in
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