Hiring a software development company for your B2B startup opens multiple gates to growth opportunities. Today, there are many startups all across the world. However, B2B startups are more difficult to run and grow. But did you know that partnering with a software company can help you grow 10 times faster? Do not know how? No worries!
This blog post explains how your B2B startup can benefit from hiring a software development company. And do not worry, we are not telling only the traditional benefits of hiring software developers for getting software for your business. Rather, this blog also reveals how you can outsource your B2B projects and get noticed in the market faster!
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Use of a Software Development Company for a B2B Startup
When a startup runs on Business to Business (B2B) model, it is more difficult for it to gain clients and run a business. Moreover, responsibility and accountability are 10 times higher in B2B models. On the one hand, startups lack a workforce and eventually, they face troubles in meeting their project deadlines. However, on the other hand, owing to their restricted funding, they also can’t hire experienced employees which puts a question mark on the product quality.
In a nutshell, a startup is always on the tenterhooks and suffers internal problems in addition to external attitude problems from society. Therefore, running a b2b startup is one of the toughest jobs in the world after putting toothpaste back in the tube!
However, B2B startups may hire a trustworthy software development firm and can benefit from them in two ways:
📌 Getting a Software Business Process Automation
- Either invest in business process automation software one-time and overcome the workforce shortage.
📌 Outsourcing Own Software Development Projects
- Or, alternatively, outsource your software development projects and elevate your work portfolio 10x faster (applicable if you are a B2B startup in the IT domain).
In both cases, the B2B startup will benefit from the hiring while saving costs and efforts and improving its growth rate simultaneously. For a better understanding, let us discuss these two conditions in further detail.
12 Benefits of Hiring a Software Development Company for Your B2B Startup
Here are the 12 most unconventional benefits of software development services for business-to-business startups.
The Top 5 Benefits of Business Process Automation for a Startup
When a B2B startup chooses to hire a software development company to take software development services for its own business process automation, it gets the following benefits:
- Overcoming Workforce Shortage
First of all, when a startup chooses to automate its business processes such as:
- Inventory Management
- Customer Relation Management
- Enterprise Resource Planning
- Logistics Management etc.
It covers a handsome workforce shortage. Furthermore, business process automation software development is also a one-time investment for the startup. Especially, during the first 5-8 years, when a startup lacks sufficient funding and can’t hire experienced employees, the software tool becomes a saviour.
Furthermore, being AI-driven, software tools perform these tasks with more accuracy and less time. This way, the startup is able to work more and be more productive which is also a requirement during the early stages.
- Cost Efficiency
Moreover, software that automates a particular business process simultaneously eliminates the need for hiring staff and paying salaries, incentives, bonuses, and medical benefits to employees. In this way, the startup can cut a huge cost of operation. Eventually, software development services prove a great deal for B2B startups.
- Long Run Investment
Furthermore, a software tool is also a long-term and one-time investment for a B2B startup. If a software tool can perform certain business tasks with more accuracy and in less time, then clearly there is no need to hire extra employees to do the same. Rather, the startup can hire employees having strong decision-making, problem-solving, and analysing capabilities. It will help the startup to focus more on the more important business tasks.
- More Accuracy in Performance
Also, software tools run on Artificial Intelligence (AI), therefore, they perform calculative and algorithmic tasks with more accuracy as compared to humans. While humans are prone to fatigue, boredom, and attitude problems, AI-driven software tools can work 24*7 with the same high level of accuracy. This way, the startup can elevate its performance by hiring a software development company.
- Simple Data Analysis
Software tools also collect insightful business data and convert the same into easy-to-comprehend graphs, pie charts, and reports. Therefore, data analysis becomes easier for the startup and formulating strategies becomes easier for the people in charge. Always remember that data analysis and strategy formulation are crucial tasks for a startup. You can simplify the data analytics with the power of AI.
- 24*7 Business
Moreover, as software tools are not subject to fatigue and do not demand rest or holidays, you can run your B2B startup 24*7 and 366 days uninterrupted. Eventually, you elevate your business presence with endless productivity.
The Top 7 Benefits of Software Development Outsourcing for a Startup
Now, coming to the unconventional part of this blog! The above-explained benefits of hiring a software development company are quite conventional. Today, every business uses software tools and save costs and enhance proficiency simultaneously.
However, B2B Startups can also benefit in business, social image enhancement, and strategic elevation through partnering with a software development company. Check below how:
- Portfolio Build-Up
More than making profits, for a startup it is more important to build a robust, dynamic, and captivating portfolio during the early stages. It is because a great quality portfolio helps a company get more projects easily.
Eventually, when your software products like business web applications, mobile apps, and enterprise software speak volumes on your business website, it becomes easier to pitch new clients. Also, when your portfolio leaves an everlasting impression on the onlookers, then converting the leads into loyal customers also becomes easy.
- They Work, You Earn!
Moreover, when you choose software development outsourcing services, you earn a great reputation in the market while they work on your behalf. Building a reputation is a very crucial task for a B2B startup. The earlier you make your impression, the earlier you start making high revenues. So, this way, they work on your behalf, and you earn profits and goodwill for your brand name. Smart work!
- Unlocking Partnership Opportunities
Furthermore, running any business is not possible without some meritorious business partners. So, outsourcing software development to professional companies also unlocks business partnership opportunities for you. This partnership can also result in shared products, knowledge, and even cost of operation.
- Unlocking Acquisition & Investment Opportunities
Similarly, software development outsourcing also unlocks the door for acquisition and investment opportunities. When your B2B startup comes in contact with well-established software development companies, there are possibility that you make more business contacts.
As you make more business contacts, you can grow faster. Also, if your startup has that potential, you can also get investors and opportunities to be acquired by an experienced firm. It will further open the gates for your financial and social growth in the market.
- High-Quality Product
Additionally, when you hire an experienced software development company for your B2B project, you get high product quality. However, being a startup, even if you have a team of software developers, the experience level of your employees remains less than the outsourcer’s team.
Eventually, with the help of a software development company, you experienced team of developers that manage your project with more efficiency and deliver better quality products.
- Self-Growth & Learning
When you come in contact with an outsourcer, especially when you choose staff augmentation, you open doors for many learning and self-growth opportunities. While, being young in the Startup industry, you and your team might face issues in project management, the outsourcer can serve as a role model for you. Your team can observe the way they work and gain skills.
Likewise, there are possibilities for improving your tech stack by observing the outsourcer team. Interactions always teach something new. So, try hiring a software development company for your B2B startup and learn new skills and expertise.
- Risk Mitigation & Faster Growth
When you choose a software development company for your B2B startup, the risks of deadline breaches, data security, and poor quality get minimized. Eventually, you get a smoother project execution. When you start delivering great projects in the market, you will receive more projects through word-of-mouth marketing. This way, you grow faster at minimum risk.
Final Thoughts
To conclude, we can say that hiring a software development company for your B2B startup can prove a worthy investment. Especially, if your startup is in the IT domain, then partnering with a more experienced company helps you enhance your goodwill, learning, and skills. Furthermore, it also opens gates for acquisition and investment opportunities for your business while also building your portfolio better. So, choose a software development company to accompany you in your dedicated endeavours. Multiply your growth, and pacify development.
FAQs
- How much does it cost to hire a software development company B2B?
Usually, the outsourcing cost is the same as the software development cost. Say, for example, software development cost India range between US $400 and US $48,000. The pricing depends upon the software’s complexities, features, and functions. Moreover, the brand name of the organization that you choose also affects the cost.
- Which is the most budget-friendly software outsourcing service?
Software development outsourcing is of different types. The most budget-friendly type is offshore software development in which the client hires an outsourcer from an international country. The outsourcer delivers the services remotely, and therefore the project cost is reduced. Moreover, by taking services from a developing country like India, you get budget-friendly services and high quality.
- What are some risks involved in outsourcing software development?
Some risks in outsourcing software development include:
- Finding a reliable software development outsourcer
- Data Privacy and security
- Less control over the project
- Time-zone differences in offshore and nearshore outsourcing
- Communication gaps due to accent and linguistic differences
- How to Partner with a Reliable Software Development Company being a Startup?
To partner with a software development outsourcer being a startup, you will first need to find a reliable software company. You can do company research and connect with the companies via phone call or meet them in person. Then, ask for quotations from 4-5 companies and then choose a company that suits your requirements. Always remember, that as a startup, you must not choose a company with less than 9-10 years of experience. Moreover, also check their portfolio and be sure of the quality.
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