You have an exciting idea for a new product that you’re pretty sure the market is screaming out for. You’ve got the capital to bring at least a minimum viable version of that product to the market, so that you can test the waters and raise additional capital. Now you just need some engineers to convert that product from an idea into a reality. Should you build your own team of engineers? Or does it make more sense to engage with a product development company like Syncroness?
If you build your own team of engineers you can pick exactly the people that you want, you have a dedicated team that will be with you for the life of the product (assuming no one leaves), and you’re employing those people directly so you can pay their salaries without worrying about any contracting overhead. Of course, that means that you have to invest the time and energy to individually select and hire a group of engineers. And you have to invest the time and energy to mold that group of individual engineers into a high-performing team with a well-tuned development process. And you have to invest the time and energy to manage all of those people, provide them with benefits and health insurance, and keep them personally satisfied enough that they don’t leave for greener pastures before the product hits the market. That’s a lot of time, energy, and overhead.
The alternative is to engage with a company like Syncroness. When you do that, you get a group of engineers that’s already a high-performing team with an established development process. You don’t have to worry about hiring or managing those people, because we’ve already done it for you. And because we’re a product development company, the engineers on your team have extensive experience bringing product after product to market, across a wide range of domains. They know the pitfalls of product development, and they know how to avoid those pitfalls to get your product to market as quickly and cost-effectively as possible. Those engineers are also embedded in a larger product development organization, which means that when they hit a difficult problem they can call on a network of expertise not available to the “build-your-own” team. And when your product moves from development to sustaining engineering, or the project scope grows or changes, your team can easily grow, shrink, or alter its skill mix to accommodate those changes. If you suddenly find that you need mechanical engineers as well as software engineers, you don’t need to hurriedly try to hire a new engineer. Syncroness already has those skills on staff and ready to add to your team.
While building your own team gives you the satisfaction of growing your company, it also absorbs a lot of time and money that could otherwise be spent getting your product on the market. In contrast, engaging with Syncroness allows you to focus on developing your product instead of on developing your team, and helps you to get your product to market as fast as possible. With the difficult parts of developing your product being handled by a high-performing team of experienced product developers you can grow your own engineering team on a timeline that’s driven by your needs, rather than being dictated by the market’s demands. And you can spend more time coming up with the next exciting idea for a new product that you’re pretty sure the market is screaming out for.