Understanding the Cost of Offshore Development: A Quick 101

Before going offshore, it’s really important to understand the cost of offshore development. And, how teaming up with an excellent offshore vendor or offshore team builder can make things a much more simple and seamless process for working with a team abroad in sync with the one you have at home.

What Factors Affect the Cost of Offshore Development?
Well, first things first, having a clear idea of your project makes it easier for an offshore company to understand what should be delivered. This includes things like: the size of the project, the technical considerations to take into account, the time to market for your products and/or services, the skills and expertise needed of the extended team, as well as any additional costs to take into account.

The kinds of costs mentioned below are just estimates that differ when you hire full-time, world-class developers. The actual rate can be influenced by the need of specific or niche technologies, seniority and past experience of developers, past projects, and other factors. Ultimately, it depends on your goals — the bigger the talent pool, the more engineers and skill sets you have to choose from.

Which Locations Can Affect the Cost of Offshore Development?
Different locations provide your business with different benefits. For example, many companies offshore business processes like customer service to locations like the Philippines. But, since we’re discussing software — it’s prudent to look at the cost of offshore development in Asia, Latin America, and Africa.

And, how that differs from hiring locally only — something that many tech leaders are realising is a restrictive option in times of talent shortages in major markets. In the Eastern Europe region, it will cost you around €22-€40 per hour, depending on the skill of a particular offshore developer. The rates in Asia range from €17.8 to €40, and the costs in Latin America are roughly around €26.7-€49. In Africa, you’re looking at somewhere around €18 to €43.5.

Hiring locally is something that not only has an impact on salary, but also premises prices, which can spiral in major metropolitan areas like London, New York, Paris, Toronto, and Sydney — to name a few. In Western Europe for example, the cost of offshore development can be over €200 per hour for very high-level engineers.

How the Right Offshore Partner Can Help to Balance Quality With Price
This is the main thing to consider. Finding the right partner probably is the best place to start. They’ll have expertise on the ground, which will prove crucial when it comes to acquiring and retaining the best engineers for your business for the long term — and save on additional costs of local legalities, office procurement, equipment, and more.

Additionally, if they have a proven model that combines all of those added extras with world-class recruitment, managed operations and administration, as well as cultural alignment between the offshore team and your team at home, then it’s simply the smarter way to do it.

How to Prepare and Practice Your Presentation

Advance preparation and practice are crucial when it comes to delivering a speech, presentation or even your 30 second elevator pitch.

Successful speakers always plan and rehearse their presentations as far ahead of the event as possible. They never leave anything to chance.

Before I discovered the value of preparation and practice I was guilty of

· Thinking I knew the subject so well, I didn’t need much preparation or practice

· Convincing myself that being unprepared meant I would sound more ‘natural’ and spontaneous

· Not getting the results I wanted

After a few presentations I was not happy with, I grudgingly admitted to myself that perhaps my problem was lack of preparation. I thought it was time to give it a go.

Then I fell into another comfort zone – spending so much time preparing, I had no time left for practice. This time I was guilty of

· Preparing and rehearsing the material so much in my head that I had little time left to get it down on paper

· Spending so much time editing the words and sentence structure I had no time to rehearse

· Trying to memorise the words to make up for the lack of rehearsal

Eventually, I had to admit it – the time had come to learn how to prepare and practise properly. I did it by using the old adage, ‘Learn one, teach one.’ I learned from the experts, then I taught other speakers and now I teach my clients how to do it. It’s called The 3 P’s – Prepare, Practise and Present and here it is:

HOW TO PREPARE

1. Research and gather material relevant to your subject.

2. Organise your speech using the method that suits you- spider diagram, mind maps, bullet points. Make sure you cover all the points you want to make.

3. Write your talk out in full on paper or screen with a beginning, middle and end.

4. Edit out superfluous words and phrases, repetition and clumsy phrasing.

5. If you can, record your talk and transcribe it. Then, remove all the spoken fillers such as um, ah, actually, obviously, in point of fact, to be honest – the list is endless.

6. Once you are satisfied that your speech or presentation is as well structured, succinct and as clear as you can make it, you are ready to rehearse.

HOW TO REHEARSE

1. Read your presentation silently to yourself several times. The purpose of rehearsal is to help you internalise your ideas and message rather than learn the words off by heart.

2. Then read your script out loud a few times to hear how it sounds. Make any necessary adjustments to make it flow more smoothly.

3. Next, say it without notes as if you were speaking to a friend. If you can’t explain your subject without notes, go back to reading it aloud until you do know it well enough.

4. Finish each rehearsal completely. If you stumble over your delivery at any stage, keep going until you finish. Mark the spot on your script and when you finish the session, go back and find out why you are stumbling. You may need to change a word or the construction of a sentence. Correct it and begin again.

5. Get feedback from an objective third party or record yourself and watch or listen to the recording. Do you sound natural and relaxed? Is the structure clear? Is it interesting and engaging? Is there anything you can do to make it better?

Having a well prepared speech or presentation not only gives you confidence but it helps steady your nerves and allows you to focus on getting your message across to your audience. It’s not about us, as speakers, giving a wonderful performance. It’s about getting our message across, for the benefit of the audience. Remember the 3 P’s – Prepare, Practise and Present.

Present In The Moment Equals Success In Your Business!

I had a realization in my business the other day that to be successful in your business you have to be present in the moment! Most of the time I am but on Tuesday I was not. I had this dark cloud over my head that cast a spell over me. I was living in the past for a moment like it was my future. I was entertaining those self- sabotaging thoughts that were preventing me from moving forward. I was stuck in moment that wasn’t the present moment, that wasn’t portraying the real me, the creative me that is passionate about helping my clients. So what are some things I do that keep me in the present moment.

One of the biggest things I do is internalize that this life I’m living is a journey or a process and that I am right where I’m suppose to be. So when it comes to my business, I have the same attitude. That keeps me out of the past and also it stops me thinking about things like where I’m supposed to be.

Another thing I do is I help others. This may sound weird because it’s also what I do in my business. But this is the important part of it because when I’m helping others in my business or in life I am present in the moment. I don’t think about what happened yesterday or what will happen tomorrow. I am totally there for the person I am with.

The coolest thing I do is just be. Realizing that I believe that all my decisions are made in the present. Any action I take is in the present. Also even the emotions I feel are in the present. So it really does nothing for my business if I’m living in the past or thinking about the future. Really the past is the old story. The future is what I’m journeying toward. The present is really where I can live in my sweet spot. The present is the daily stuff I do to enhance and grow my business. It’s where the clients I work with get what they need in the present! How cool is that!

I have a curious nature and I was wondering what prevents us from living in the present. I think it’s really wishing for things that will not happen over night. Or it’s worry about things that might happen. It’s okay to wish for things and dream of things as long as you are enjoying the moment you are in. “Worry,” on the other hand, is like a bad word because to worry about things that might happen in your business or worry about things that can fail will never help you to live in the present. Plus worrying about something that can happen puts you in a make- believe world because it hasn’t happened. I know this sounds crazy but really what has worry ever done for anybody.

I have a mentor that always says to live life, like you mean it! The only way you really do that is by being present in the moment! I would love to hear from you now! What keeps you present in the moment! How do you live life in the present moment like you mean it?