How to Set Up Offshore Development Center with the BOT Model & Expand Operations
You may conduct your business operations overseas through scraps of paper, but the real ink is human resources.
The above quote nicely underlines the vast importance of expanding your business overseas by having the right pool of people.
As the global business landscape is changing rapidly and business ambitions are rightfully growing day by day, it’s critical to find and hire resources to make business expansion faster and seamless.
This also includes mitigating significant geographical challenges by establishing a robust framework. That’s where Build, Operate, and Transfer [BOT] model comes to the rescue.
Many businesses are quickly embracing the BOT model considering its significant benefits and flexibility.
In one of our previous blogs, our CEO Mohan Gandhi shed some light on what BOT is and how it helps you hire the right resources and manage development without sacrificing your expectations. One of my teammates also wrote a blog to understand the BOT model from the Build vs. Buy point of view.
In a nutshell, BOT vendors work as third-party service providers for you by overtaking recruitment and operations for a project and then returning it to you at a specific pre-decided time.
The BOT usually functions in three main stages — Build, Operate, and Transfer. Let’s discuss each of these stages in detail.
Build
This is the initial phase where the vendor understands your workforce requirements and starts recruiting developers. The stage also consists of deciding on reporting and approval processes, infrastructure creation, etc.
The main objective is to build a trustworthy relationship with the vendor and form a rapport.
Operate
This is the main development phase. Your vendor will start managing your projects and expand the team according to the requirement. The idea is to implement services that are on par with your expectations using the technical abilities of hired developers.
Transfer
This is where your vendor or BOT partner will transfer the project’s ownership to you. The handover will occur when the project passes all Quality Assurance parameters and solves any compliance risks.
Benefits of BOT in Overseas Expansion
Cost Efficiency
Anything that’s cost-effective works like a charm for your business. BOT does precisely the same. As the offshore team is handling the project, the standard costs of the task can be reduced by up to 60%. This saved revenue can be utilized on other significant priorities.
Flexibility in Team Building
You can build a perfectly covered team for potential challenges through appropriate investment diversification with a dependable BOT partner. Moreover, recruitment is your BOT partners’ job, so you can focus on the matters that require your attention.
Scale Faster
As the overseas team can be expanded at any time, you can scale your operations quickly using multiple services. This gives a significant competitive edge when there’s a need for rapid development.
Quicker Time to Market
In BOT, your development process is always uninterrupted due to time zone advantages. This enables you to reduce time-to-market without sacrificing quality.
Leverage Trending Technologies
A well-experienced pool of developers lets you try out the latest pieces of technology that improve quality, reduce time, and increase productivity.
Considering the above benefits, no wonder you’ll want to leverage the BOT model. However, it would help if you also were careful about a couple of its significant challenges. Let’s dig deeper into them and see how Axiom can help you leverage them.
Challenges of BOT
Engineering Problems
The first and foremost thing is filling in the technical gaps. In a remote workforce, you may face challenges in bringing consistency in engineering and development. It becomes a bit difficult to ensure consistency at all points.
At Axiom, we help you make your ideas come true by offering the best-in-class engineering support. Our team constantly be in touch with you to understand your requirements and deliver the best results.
Collaboration Issues
Another major challenge in making the BOT successful is maintaining seamless collaboration between your team and the vendor. Not having an error-free communication channel may end up having too much confusion and impact the result.
To avoid this, Axiom enables you to get access to the experts that manage, set up, and administer all operations as you work on your business strategy. This helps you focus on what matters the most without interrupting the development process.
What Should You Look for in Your BOT Partner?
Choosing the right BOT partner is a half-battle won. Accomplishing this fundamental obstacle depends on many factors. You must be aware of your unique requirements to be able to hire a BOT partner for you. Read our previous blog to learn how you can identify your ideal BOT partner.
Conclusion
Proper planning and successful implementation of the BOT model can help you establish your business as a massive force overseas. BOT and its more enhanced version, BOT 2.0, enable businesses like yours to develop and improve core operations with minimal spending.
Choosing the right BOT partner is a challenge, but it reaps some outstanding benefits once tackled. Learn more about Axiom’s BOT services and how it allows businesses to transform operations before ownership handover.
