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Your 2022 market projections look a little rough. Your development goals are ambitious. And your company’s investors are getting restless. Welcome to the reality of startup life in 2022, where VC funding is getting tighter and scaling up to meet the demands of a rapidly-evolving marketplace is harder than ever before—and if you don’t have a plan for doing it all without breaking the bank, you can just stay on top of getting ready to be left behind by your competitors.
Luckily, there’s a way you can keep moving forward with your goals and save money at the same time: outsourcing software development to a nearshore team that can help you get more done faster than offshore outsourcing or at lower costs than an in-house team. Yes, we said that right: working with nearshore developers gives startups multiple critical advantages over other models—so read on as we explain how they do it and why they can take your company farther in 2022 and beyond.
2022 macroeconomic headwinds are demanding startups tighten their budgets
In 2022, macroeconomic headwinds are demanding startups tighten their budgets.
Startups are facing a downturn in their capital runway.
- They need to optimize their capital runway.
- They need to reduce the cost of development.
How Nearshore Development helps startups to expand their runway?
Software development Capital Optimization
Software development capital optimization can be a difficult process. It requires an in-depth knowledge of the software development lifecycle and how to manage projects in order to optimize the use of resources, costs and time. With nearshore development, you’re able to achieve these goals by outsourcing your software development project to Latin America where there is a lower cost of living and great talent.
This approach can help you reduce offshore software development cost and time by 50% or more as compared to outsourcing stateside.
The primary difference between Nearshoring, Nearshore Development and Outsourcing is that with nearshoring you are still using a third-party developer located outside your country but it may be closer than offshore outsourcing which can take place anywhere around the world including India or China for example. While outsourcing refers only to sending work overseas without any control over quality assurance processes or other aspects of management such as monitoring progress on a daily basis etc., both nearshoring and Nearshore Development involve working with developers who are physically close in proximity which enables easier communication between teams members resulting in greater productivity levels overall since they don’t have language barriers etcetera obstructing them from doing their jobs efficiently!
The nearshore software development model is a great way to create a high-performance team with low cost and risk.
Conclusion
Polytropic is here to help you find amazing software development partners in Latin America so you can focus on building great stuff.
We have decades of experience in nearshoring and software development at scale and can help you find the right partner fast. Get in touch today.
