Focusing on Core Competency ... Outsource the rest
A startup can shave 12 months or more off the development cycle by outsourcing non-essential elements of product design.
I’m hearing from different sources that investments in electronic design automation (EDA) and semiconductor startups are picking up around the globe and not just in Silicon Valley. That’s welcome news –– and long overdue –– as we move through 2017. With funding come new and innovative products and the cycle of growth to acquisition or other successful outcomes endures.
The news is tempered somewhat by the lack of experienced startup leaders, a result seemingly of the dearth of capital flowing into our industry for so long. New entrepreneurs, who bootstrapped their companies to get them started, are in dire need of mentors ready to join on and advise on a range of operational decisions.
Almost any good advisor would start with identifying the company’s core competency, an area that needs close scrutiny for any corporate entity to be strategic and differentiated, and definitely for a startup.
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