6 Secrets of Successful Startups

Understand the keys to successful startupsThousands of people start new businesses every single year. And some of them end up being hugely successful. When it comes to successful startups, what separates the wheat from the chaff? This is a question many books and articles have attempted to answer with varying degrees of success. Yet when it comes right down to it, successful businesses do in fact tend to share some commonalities. Certain traits are necessary for a business to be successful and these include the following:

  1. The ability to create a product or offer a service that people actually want. According to a Fortune survey reported by Neil Patel, one of the major reasons start ups don’t make it is that they make products or offer services that people simply do not want.
  2. The ability to maintain cash flow. Many start ups don’t make it for a very basic reason – they run out of money. If you are starting a business, the more financial security you have the better. When you can’t pay your staff or your bills trouble quickly follows. In fact according to an article in Fast Company 13% of startup founders identify cash problems as a major reason for business failure.
  3. The ability to handle rapid growth. Hand in hand with the point above, in order to generate cash flow, you need to be able to grow your business. Handling growth successfully is essential to any business. Many businesses lose customers and eventually face failure when they simply can’t deliver on their promises.
  4. The ability to stay focused on what’s most important. According to author David K. Williams, the majority of start ups don’t make it because they don’t stay focused on what’s most important – making something important and selling it. Instead start ups become consumed with internal business issues or with secondary tasks they’d be better off outsourcing like accounting , qa testing or software development.
  5. The ability to bounce back and handle rejection, hardship, disappointments and frustrations. Sooner or later any business has to face some struggles. Often the difference between a successful company and a failure is how they handle difficulties. Cultivating a resilient team that is able to stay calm and focused while facing challenges is a key part of cultivating a successful start up.
  6. The ability to put customers first. At the end of the day, any successful business understands the value of customers. Truly putting customers first is an important part of any startup that wants to stand the test of time. Though it may sound easy to do, putting customers first can often prove to be a considerable challenge. Especially when paired with the challenges of rapid growth.

As a provider of custom software development, we have the opportunity to interface with many different companies. Some are smaller startups while others are more established corporations. Though are certainly many different ways to be successful in today’s business world, we have found that the most successful organizations do tend to share the traits described above. Fortunately we benefit from this because many companies recognize the benefits of outsourcing software development, QA testing, and project management. Interested in more info? Contact us today for a free consult.

3 New Reasons Why Costa Rica is a Great Location for Offshore Software Development

Offshore software development in costa ricaWhether you are new to offshore software development, or have years of experience, you may wonder what countries offer the best services. We’ve been in the software development business since the 1990s and the offshore software development business for about 7 years.

Before we decided to offer offshore software development services, we did a lot of research. We wanted to choose the right location for our business based on a number of factors. We knew we wanted a convenient offshore location that would be easy to access from the U.S. We also wanted a country that had high literacy rates, with a significant percentage of bilingual professionals who speak English and Spanish. We focused on countries that offered high quality training in information technology, and also places that had a sound infrastructure and ready-access to the internet.

Costa Rica was everything we were looking for, and has turned out to exceed our expectations in many different ways. Here are three new reasons why we are glad we chose Costa Rica for our offshore software development business.

  1. Costa Rica is Spending Millions in Air Traffic Control Upgrades – Getting to Costa Rica from the USA is easy, and it is about to get even easier, with an estimated $12 million investment the country is making in air traffic control upgrades. The upgrades will impact the international airports of Juan Santamaría, the Daniel Oduber Quirós, in Liberia, Costa Rica, and the Tobías Bolaños Palma, which also serves San Jose. For a complete overview of the updates planned, see this press release.
  2. Doing Business in Costa Rica is Only Getting Easier – While many U.S.-based companies have enjoyed the benefits of doing business in Costa Rica for a long time, the country is continuing to cultivate a more favorable business climate. In fact, a study by the World Bank titled “Doing Business 2016: Measuring Regulatory Quality and Efficiency” recently ranked Costa Rica at the top of the list of countries (along with Jamaica, Kenya, Uganda, and Kazakhstan) where doing business has improved the most during the past year. Costa Rica jumped up 21 spots to #58 out of a total of 189 countries surveyed.
  3. Costa Rica is Ranked the Healthiest Country in Latin America – In a World Bank study that looks at 145 countries, Costa Rica Ranks #24 (just behind Canada) and ahead of the United States which ranks #33. The country’s health care system is one of the major reasons it’s ranking is so high. Analysts also note that Costa Rica is considered one of the happiest countries in the world. And the link between happiness and health is likely to also have a powerful impact.

If you are considering offshore software development services, we hope you put Costa Rica high on your list. If you’d like more information from a company that has 7 successful years offering offshore software development with developers in Costa Rica, give us a call. We’d love to learn more about your business, and to talk with you about the offshore software development services that we offer.

20 Facts About Latin America You Should Know

Prosoft Nearshore shares facts about latin americaLatin America covers approximately 13 percent of the earth’s surface area and has a population of close to 600 million people. This expansive area is known for its rich history and culture. Latin America is described as a region of the Americas, stretching from the southern border of the United States to the southern point of South America, and it also includes the Caribbean. Latin America is made up of countries that speak the romance languages: Spanish, Portuguese and French.

Interesting Facts About Latin America

There is a lot to learn about Latin America. And each of the countries within Latin America offer their own unique culture and history. Here are 20 interesting facts about Latin America that you might not already know.

  1. Brazil reportedly has the 10th highest number of vehicle owners in the world.
  2. The smallest country in Central America is El Salvador.
  3. One of the tallest waterfalls in the world, called Angel Falls, is located in Southeastern Venezuela.
  4. Colombia produces about 90 percent of the world’s total production of emerald gemstones.
  5. Costa Rica means “rich coast.” This country got this name because of the 800 miles of coastline between the Pacific and Caribbean coasts.
  6. Latin America is one of the most urbanized regions in the world. Eighty-percent of the people of Latin America reside in cities.
  7. Brazil contributes a lot to your breakfast; this country exports the most coffee, sugar and orange juice in the world.
  8. Argentina was the first Latin American country to legalize gay marriage in 2010.
  9. With over 77 indigenous tribes, the Brazilian Amazon is home to hundreds of un-contacted Indians living off of the crops and animals of this area.
  10. The 2010-2015 Uruguayan President, Jose Mujica, was considered the poorest president. He donated 90 percent of his income to charity and was uninterested in wearing expensive clothing or driving a large car.
  11. Because of the weakened soil and growing population consuming large amounts of groundwater, Mexico City sinks 10 inches every year.
  12. The Bolivian community enjoys eating from local vendors on the street, rather than paying for meals from large chains. Because of this lifestyle, Bolivia became the first Latin American country to get rid of McDonald’s.
  13. In 2014, Colombia was ranked the happiest country in the world according to the Barometer of Happiness and Hope.
  14. The people of Venezuela have won the most beauty titles compared to any other country in the world, over the past 30 years.
  15. In Honduras, it literally rains fish during the heaviest rain season between May and June.
  16. There are 135 phones for 100 persons in El Salvador. This means this country has the largest cellphone quantity in the world.
  17. Costa Rica has not had an army since it was abolished in 1949.
  18. In Latin America you are advised not to throw toilet paper in the toilet, rather you should put it in the waste basket. The buildup of toilet paper causes plumbing problems.
  19. It’s actually cheaper to buy your liquids from a plastic bag, rather than a plastic water bottle.
  20. For many outsiders, the rods on top of many buildings in Latin America look unfinished and odd, but this is actually a future investment. Many buildings in Latin America look this way because they are planning for future additions to current buildings. The remodel is halfway finished!

Hopefully you enjoyed some of these interesting facts about Latin America! There are many more to learn. Stay tuned for more interesting facts about Latin America from number8.