Hire Experts?

venturetrade

venturetrade

Junior Member
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Hello everyone,

I see lots of people trying to learn all they can on their own, making tons of mistakes along the way,
most of the mistakes are happening due to the fact that they are overloading themselves, learning multiple things that takes pro's years to learn subjectively.
I understand the need to save money, but I see a lot of people treat this is a no no.
Me on the other hand, I'm all about learning all I can, but also hire professionals for specific tasks.

What's your opinion on the subject?
have you ever hired a professional to help you in a certain project? if so, did it prove itself to be valuable?
 
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I always hire people, whatever I am not confident with or is not in my area of expertise, for example, coding, writing or web design, I am useless. It's quite impossible to learn more than one thing properly in this life because the world is always evolving and you must keep learning with it, or you can be Jack of all trades doing nothing properly.

Every time I hear someone knows more than 2 areas of expertise, telling about himself is an "expert" or senior in the field, I run like Forest Gump.
 
I make sure I understand all aspects of the business model / venture I am doing. Once I fully understand everything and try it 5 or so times , I’ll outsource the bits I don’t like. That being said , I am a bit of a control
freak so it’s hard :D
 
to be honest..if you are not good at some thing then you should admit it and hire someone professional..
 
Outsourcing is a great thing to do and can help you achieve a lot more in a smaller time frame
 
Of course, I outsource something I'm not good at like coding, design, etc.

It never is a wrong decision to make if you would ask me, saves a lot of mental energy too.
 
So how do you all split the investment amount?
How much are you willing put out of the investment fee to hire experts?
usually my number is around 50% of the money.

i.e out of 800$, 400$ goes to designer, content writers, traffic etc..
 
Outsourcing it not a bad thing. In fact, in can help you scale up you business. If you are short of funds and wanted to expand, looking for a business partner.
 
venturetrade said:
So how do you all split the investment amount?
Click to expand...

I personally never budget it like that.

I just look at what is out there in the market, whether it is worth the money and time and whether I can profit off it.

Say the code would eat up 60% of the budget, but I'm sure of making it all back in a month, wouldn't it be wise to take up on that offer rather than sticking to a certain percentage?
 
My oppinion is that you should learn everything yourself, because that is the only way to stay on top.
 
It depends on the situation a lot. At times learning a new framework and building a part of your project yourself yields a lot of benefits that you wouldn't have if you just hired someone - not just saving money, but also having a deeper understanding of the product, being more flexible, and not being beholden to someone else's schedule to get things done.

The trade offs are the time you have to dedicate to it, which might be a lot or might be fairly trivial, and also the added complexity you're adding to your own workload. Sometimes you can only mentally handle so many aspects of a project yourself at once, even if you could do more, it has a negative net effect on the quality of what you're building because you're too scattered.

It's completely dependant on the situation though. Sometimes hiring people is a complete waste of money and will only increase the likelihood that your project will fail, where if you had've been more lean with how you spent your money you'd have more left for getting eyeballs onto what you're trying to market once it's built.
 
FUTUR TIM said:
I personally never budget it like that.

I just look at what is out there in the market, whether it is worth the money and time and whether I can profit off it.

Say the code would eat up 60% of the budget, but I'm sure of making it all back in a month, wouldn't it be wise to take up on that offer rather than sticking to a certain percentage?
Click to expand...

I rather more think about it as a certain threshold, I would rather spend the larger percentage out of the budget on traffic and alike rather then on coding.


Killing Bee said:
My oppinion is that you should learn everything yourself, because that is the only way to stay on top.
Click to expand...

I find the solution to be somewhere in between, that's why I firmly believe in partnerships rather then a solo one-man-show.

VSYNC said:
It depends on the situation a lot. At times learning a new framework and building a part of your project yourself yields a lot of benefits that you wouldn't have if you just hired someone - not just saving money, but also having a deeper understanding of the product, being more flexible, and not being beholden to someone else's schedule to get things done.

The trade offs are the time you have to dedicate to it, which might be a lot or might be fairly trivial, and also the added complexity you're adding to your own workload. Sometimes you can only mentally handle so many aspects of a project yourself at once, even if you could do more, it has a negative net effect on the quality of what you're building because you're too scattered.

It's completely dependant on the situation though. Sometimes hiring people is a complete waste of money and will only increase the likelihood that your project will fail, where if you had've been more lean with how you spent your money you'd have more left for getting eyeballs onto what you're trying to market once it's built.
Click to expand...

I agree that you should be somewhat involved in your project, otherwise your just an investor and not and entrepreneur.
I try to find the balance by usually doing only the things that I feel completely comfortable with and that I can handle with ease,
All of the rest I outsource, or find an equal partner.
 
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