A good number of startups these days depend a lot on one particular piece of software or technology for their management and other requirements. With the help of a software escrow, you will be able to access all the software’s source code in case the vendor goes out of business or is no longer able to sustain it effectively.
If you are running a software startup, then from your point of view, offering deals that comes with escrows is one of the simplest ways to build trust and attract customers who are worried about your limited track record. It takes away any reason for doubt from your company’s financial performance, making it a lot easier to emphasize on the feature list of your product.
I hope this article was useful for you to learn more about how you can make the most out of outsourcing by employing some of these easy and simple to implement strategies. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve.
Do you have any other reservations about trying these strategies yourself? Do you have any other strategy that you would suggest to someone who is starting to outsource? What is your opinion on outsourcing and the allied activities in general? Do you think it can help you add more value and scale faster?
Let us know through the comments.