Need for offshore technical teams by nomadic entrepreneurs.

Talking about the 21st century, where everything is digitally managed, an entrepreneurship concept has evolved from having some fixed working places and traditional “9-5” offices to this completely free environment, free from any boundaries. Many entrepreneurs are taking on a nomadic lifestyle while finding, growing and developing their business in various parts of the world.

They make use of offshore technical teams for certain jobs, ensuring that their workflow does not get stuck even when they are traveling somewhere. No doubt, this lifestyle offers much more freedom and adventure, but there are various challenges that may accompany these businesses like communication barriers and the differences in time zones.

As a nomadic entrepreneur, one might end up juggling multiple responsibilities that make it challenging to handle all the tasks and all the aspects of the business alone. So, the need to assemble a skilled technical team arises and that’s where the role of offshore technical teams come into play. Hiring an offshore technical team proved to be a game changer.

What is an offshore technical team?

An offshore technical team is an in-country team consisting of skilled professionals in software development or other IT-related jobs. They are in a different country than the main company that makes the hiring. This reduces the costs for the company by taking advantage of low labor expenses but having access to high specialization.

The offshore teams use collaboration tools so that communication and workflow management is efficient across time zones which allows them to maintain 24/7 working. Offshore teams allow companies to scale up resources according to the scope of the project. The teams offshore bring about better productivity, quicker completion of tasks and flexibility in handling resources in a business so that the project improves upon operational efficiency as well as operational advantage.

What are nomadic entrepreneurs ?

These are people who do business on the move, by relying on technology and the internet, from location to location. The person is not tied to any particular office chair but a lifestyle which allows them to be in a café, beach, or co-working space and their businesses are more likely to be remote and in online services, consulting, or e-commerce. Thus, the flexibility and adaptability become the top priorities of such nomadic entrepreneurs.

The digital tools in communication and project management help them manage the ways in which they relate to their co-founders and projects. Modern entrepreneurship in the sense of digital entrepreneurship is all about freedom and personal exploration, as they propose to integrate work with enriching experiences of life.

Benefits of Offshore Technical teams for Nomadic Entrepreneurs –

• Round the clock productivity

Round-the-clock operations ensure development, maintenance and continuity even when the entrepreneur is asleep or engaged in other aspects of the business. This therefore implies that team members based in different countries work on different projects and tasks through the clock because there are different time zones around the world.

The Offshore team might be working on assignments with its outcome towards the efficient completion of the tasks which will surely lead to increased productivity, continuous progress, quick responses, effective problem-solving and a flawless experience by the users of the platform. 

 • Efficiency in managing core activities

Running a business is quite more challenging at times than it appears to be!!Imagine being an entrepreneur and having to manage all of your core activities as well as the everyday tasks that are in current demand from the customers! How to manage all that simultaneously? Difficult right?

Hence, by delegating day-to-day technical activities to an offshore team, entrepreneurs free up time to focus on core activities like business development, forming strategies, growth process, customer engagement and much more.

• Diverse global talent

Diverse global talent Offshore Tech Teams unlock an extensive talent pool from around the world. This team ensures accessibility to a wide set of diverse skills that enables the nomadic entrepreneur to access unique, exclusive expertise coupled with unique cultural perspectives.

In various respective domains/fields, like app design, web development, cybersecurity, etc; which serves to spur innovation and creativity in solving the problem at hand which results in raising the quality of work, builds more robust and adaptive solutions and encourages out-of-the-box thinking.It also makes sure to have right talent for various projects that might have proven challenging if they had to be managed alone.

• Effective cost involved

When it comes to running a business, managing finances efficiently has to be the main concern. One of the most attractive benefits of offshore tech teams for nomadic entrepreneurs is the cost efficiency they bring to the table. Usually, offshore technical teams operate in places that are less expensive in terms of a living, with lesser expectations from the pay they receive.
This leads to tremendous cost savings through salary, infrastructure & office space.

Entrepreneurs get high-quality work done at significantly reduced costs that allow them to cater effectively and efficiently while keeping costs under check. Setting up a local tech team in high-cost regions are cost-prohibitive if we talk about entrepreneurs who constantly keep on moving. This cost advantage helps and allows entrepreneurs to allocate funds to other critical areas of the business to help their business grow and expand more.

• Flexible and scalable operations

Flexible and scalable operations The needs of the business never remain fixed. They differ with the fluctuating business environment with respect to the requirements of the customers in mind. Nomadic Entrepreneurs often face the challenge with uncertain workload.

Offshore technical team offers the flexibility of scaling up or down according to the requirement of the entrepreneur.This flexibility allows entrepreneurs to shift a lot in strategies according to the demand of the market and look for new opportunities without restrictions of fixed in-house team size.Offshore teams respond very promptly without the complication of hiring or firing, according to the need.

• Risk mitigation

Essentially, what risk mitigation means regarding offshore technical teams for nomadic entrepreneurs is reducing the potential risk and challenges. A bit of redundancy and backup that a distributed team provides a shield, protect against disruptions due to unpredictable events such as any kind of natural disaster, etc.

It ensures business continuity and reduces potential losses. The outcome is that reduced project risks result in higher project success rates and more predictable business trajectory.

How does Himcos help?

Himcos provides SaaS Update and software modernization services. Our team isn’t just skilled, you get the best minds tackling your modernization project, ensuring exceptional quality and results. Our experts help improve performance, reduce costs, enhance security and foster innovation providing our clients with scalable, secure and high performing applications.