You’ve spent days thinking about your new product. You know if you can pull it off, it will save your business countless hours and do good things for your bottom line for years to come.
It’s time to take the next step.
You do your best to throw together the details of what you need. You’re not confident you’ve captured absolutely everything important but figure the gaps can be filled in later.
Let’s say you jump on Google and reach out to a handful of software agencies with your requirements document. You receive a wide range of quotes. Some seem unreasonable, while others are unbelievably cheap.
You end up picking a developer to work with whose quote was somewhere in the middle. The process is nerve-wracking, but you sit down with them and they seem clued on.
You feel like your idea has a tight expiration date. Every minute you’re not building is a compounding opportunity cost. You decide not to waste any more time and roll the dice.
A couple of months pass by. The project isn’t going as quickly as you planned. The developers are falling behind schedule and complaining about undiscussed features. They explain they’re going to need more money to finish the project.
You end up spending hours every day managing the project, re-explaining what you want to the developers, trying to get them to see your vision.
By the time the project finishes, it’s months behind schedule, way over budget and you’re not even that happy with the result.
This is a story we hear all the time from real businesses. Some of these businesses are wildly successful, run by clever people and even worked with expensive, reputable software agencies.
So how do you avoid ending up in this position?