Outsourcing: The Mistake of a Startup
-
Upload
nepsu -
Category
Small Business & Entrepreneurship
-
view
249 -
download
0
Transcript of Outsourcing: The Mistake of a Startup
![Page 2: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/2.jpg)
![Page 3: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/3.jpg)
Why startups fail?Top 3 Reasons
1. No Market Need
2. Not Enough Cash
3. Not the Right Team
![Page 4: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/4.jpg)
How to avoid those problems?
![Page 5: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/5.jpg)
![Page 6: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/6.jpg)
No Market Need
Problem #1
![Page 7: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/7.jpg)
Find the purpose of your product…
![Page 8: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/8.jpg)
…Using The Lean Startup Approach
Source: The Lean Startup
![Page 9: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/9.jpg)
Minimize thetotal time throughthe loop
Source: The Lean Startup
Goal
![Page 10: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/10.jpg)
Why outsourcing is inadequate?• Communicating the initial design intent…• Sharing results from customers feedback…• Revising & approving design choices…• Writing and revising contracts...• Processing invoices and payments…• Evenings, weekends and holidays…• …
TAKES TIME
![Page 11: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/11.jpg)
Outsourcing is time consuming
Do itin-house!
![Page 12: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/12.jpg)
Not Enough Cash
Problem #2
![Page 13: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/13.jpg)
Outsourcing is also money consuming
![Page 14: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/14.jpg)
Our first approachat Nepsu
![Page 15: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/15.jpg)
1- We have some money, let’s outsource our PCB design
![Page 16: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/16.jpg)
1- We have some money, let’s outsource our PCB design2- We don’t have anymore money, but Kickstarter will solve everything
![Page 17: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/17.jpg)
1- We have some money, let’s outsource our PCB design2- We don’t have anymore money, but Kickstarter will solve everything3- We have to cancel the Kickstarter campaign, so we’re screwed
![Page 18: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/18.jpg)
But we survived and went for a second
approach
![Page 19: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/19.jpg)
1- We keep our money and conceive the PCB in-house
![Page 20: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/20.jpg)
1- We keep our money and conceive the PCB in-house2- PCB design completed. We order some prototypes
![Page 21: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/21.jpg)
1- We keep our money and conceive the PCB in-house2- PCB design completed. We order some prototypes3- The first batch has bugs, but we know how to fix them
![Page 22: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/22.jpg)
If we had to start again, we would assemble the whole PCB by
ourselves!
![Page 23: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/23.jpg)
MONEY IS WHAT YOU NEED,
SAVE IT
TIME IS WHAT YOU HAVE,
SPEND IT (wisely)
![Page 24: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/24.jpg)
![Page 25: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/25.jpg)
Not the Right Team
Problem #3
![Page 26: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/26.jpg)
Questions you shouldask yourself
![Page 27: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/27.jpg)
What skills and tools are you missing?
![Page 29: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/29.jpg)
How many iterations will you need before getting to market?
![Page 30: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/30.jpg)
Is it worth the investment?
![Page 31: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/31.jpg)
Entrepreneurship is not for everyone
![Page 32: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/32.jpg)
Do you have what it takes?
Skills and tools
Network resources
Time to market
Predicted ROI
![Page 33: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/33.jpg)
If you do, follow these 3 easy steps
![Page 34: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/34.jpg)
For each workload you are about to outsource…
![Page 35: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/35.jpg)
1- Stop
![Page 36: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/36.jpg)
1- Stop
2- Sit down with your team
![Page 37: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/37.jpg)
1- Stop
2- Sit down with your team
3- Think about a way to do it in-house
![Page 38: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/38.jpg)
We hope it helps you.
See you on the field!
![Page 39: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/39.jpg)
Thank you for reading!Want to learn more on startups?Come check our blog.
Read more
![Page 40: Outsourcing: The Mistake of a Startup](https://reader036.fdocuments.in/reader036/viewer/2022070521/58ef508a1a28ab195c8b4647/html5/thumbnails/40.jpg)
Ressources• CBInsights –
https://www.cbinsights.com/blog/startup-failure-reasons-top/• Lean startup - http://theleanstartup.com/principles• Full Blog Article - How to save your startup 50000$...