Welcome back. Today I’m going to tell you the third reason that software technology projects typically fail for small businesses, and that is only hiring too cheap.
Working Smart is not Hard
Now I know if you’re a small business you have cash flow constraints, and even medium businesses, and large businesses do but the tendency is to look at the hourly dollar rate of some programmer you want to hire. And you may think ‘Hey, that’s a low rate, and I can get a lot of work done for the same amount of money of somebody who’s charging a higher rate’.
Well, you have to step back as a business owner or entrepreneur and think to yourself why is that rate so low? And there’s always a reason.For example, they could be completely out of work and they have to lower their price just to get you on as a customer. Well, that should set off a lot of red flags for you. Is that person even going to be in business a year, or five years down the road when you need their help on that project? So be sure not to get yourself in that situation and instead try to hire wisely.
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