IT for Startups
The boom continues unabated: 140,000 startups were founded in 2013 and there are constantly more, because according to DerBrutkasten.com 8.5% of the Austrian want to start a business in the next 3 years. But is the dream of the start-up unicorn too good to be true? Yes, because according to a statistic from the Harvard Business Review 75% of all start-ups fail.
As new research by Harvard Business School’s Shikhar Ghosh shows, 75% of all start-ups fail.
Our start-up customers and we are among the 25% who succeeded. Which barriers had to be broken down and how Specific-Group could help with it, we have briefly summarized for you:
Too many cooks spoil the broth
It is no coincidence that many start-ups consist of founding teams. Many innovators and visionaries are dependent on co-founder, which often leads to conflict. With outsourcing service providers, one keeps control of his company and avoids unnecessary founder quarrelling, such as Facebook and Apple.
It's all about money
More and more investors discover start-ups as an investment strategy. If one is lucky enough to find a funder, it is now about how to manage the budget and how to keep it as economical as possible. High payroll taxes and a lack of IT professionals in Western Europe are scotching young entrepreneurship. Affordable development teams from Europe are a welcome alternative to expensive IT staff. Because the budget is tight and the delivery pressure high.
Fast, fast, fast ... but with legal certainty
Good ideas with market potential are scarce and the rivals never rest. Already during the search for investors, good ideas can be stolen or can be developed more quickly otherwise. It therefore depends on a partner, who delivers fast and agile and in case of immoral behaviour can be accused, if necessary. With headquarters in Vienna Specific-Group creates legal certainty and reduces the risk. That is especially pleasing for investors.
With the establishment it is not over yet
One of the main reasons to become entrepreneur often is to escape the bureaucracy to operate freely. This works well, but often leads to chaos in everyday work. Specific-Group has been investing in ongoing process optimisations and customer’s transparency for years. This means a founder accesses an implementation-strong developer team and chairs them as its own employees (see TeamEngine). Modern and remote working methods create a perfect team atmosphere between founders and developers.
From our own experience and the experience of our start-up clients, we have evolved to a strong partner for innovations. This will benefit especially your ideas!