Monthly Archives: February 2019

Frequently asked questions on Minimum Viable Product(MVP).

Frequently asked questions on Minimum Viable Product(MVP).

 

It’s the month of MVP and we are here to abreast you with all the important things there are to know about MVP. MVP is a concept defined by Frank Robinson and popularized by Steve Blank and Eric Ries. It is a product which hasn’t been fully developed but which has enough features and functionalities that the customers can play around with it and gauge if it’s what they need, developers can get feedback from customers to further furbish the product.

Now that we have gone through the fundamentals, let’s look at the frequently asked questions about MVP.

01. What does Minimum Variable Product mean?
Frank Robinson defined a concept called Minimum Viable Product(MVP) which changed the way entrepreneurs started gauging the product market fit.
A Minimum Viable Product is a product which hasn’t been fully developed but which has enough features and functionalities that the customers can play around with it and gauge if it’s what they need, developers can get feedback from customers to further furbish the product. This process saves a lot on the cost and risk factor, making a fully functional product and watching it fail is like the worst nightmare any entrepreneur can ever have.

02. Why is MVP important?
MVP is a shortcut, a way to change the scenery and 1-up the competitors. The thought behind the MVP is to break the superlative idea into small steps and examine the behavior of the customers.

         Here are all the benefits that MVP brings to your company –

  • MVP helps in saving time and resources and also makes sure that they are invested only in the projects which would bear fruits in the future.
  • MVP also helps millennials to test their idea and recognize what trends can be used and leveraged to produce an optimum product which would cater to the needs of the targeted audience.
  • MVP helps in procuring early stage adopters and potential clients.
  • If leveraged correctly, MVP can also be used to attract potential investors.

03. What is the key component of an MVP?
The main idea of an MVP is to get feedback from the customers so that the product can be developed further as per the needs of the customers. So there are three components that are important here, first one is enough features for customers to explore the product, secondly, a feedback mechanism which will enable customers to send their feedback and lastly, it should have scope to be developed further according to the needs of the customers.

04. Should you develop a MVP in-house or outsource it?
For an early stage startup, mobile application and web development is quite an expensive component. Hiring an in-house team and paying salary to all the employees while investing on the MVP is a lot to deal with, but if you outsource your MVP to the right offshore partner you can utilize so much of your money in developing a feature rich MVP. The cost to hire developers offshore is far less compared to hiring developers locally in the US, and it’s an additional advantage when you find an expert for less cost and that too on a contract basis. Once the MVP is done and you have received funding you can hire an in-house team and if there is any need for any additional resources you can always fall back on your offshore development team.

05. Minimum Viable Product vs Prototype?
Your prototype is not your MVP! A prototype is a model of what your product might look like, it may or may not be a functional model, while an MVP is a fully functional product or a shorter version of the product which the customers can use.

06. How do you prioritize features of an MVP?
Feature prioritization is one of the most important phases to plan a roadmap, mark the boundaries and differentiate between the wants and needs of the customers. Now the features will defer from product to product, again it’s not a one size fits all. What you can do is make a feature bucket wherein you can categorize your features as “Must Have”, “Nice to Have” and “Not Needed”, this will give you a clear understanding of which features to prioritize.

07. What should be built first? The core team or the MVP!
If you have a CTO who has got your back, like Batman and Robin, it’s beneficial to build a MVP together, but, if you are a lone ranger, it would be best to outsource the Minimum Viable Product development to an offshore development agency. As I have mentioned above, it would save you a lot of costs, which you can use to make your MVP feature rich.
So the bottom line is that MVP should be your top priority, finding a team and that too whose skillset is in line with what you’re trying to achieve will consume a lot of time.

Conclusion:

MVP can help you make a really awesome product, but if not done right, you’re up for a lot of trouble. Check out “How MVPs can go wrong, and how to make sure yours doesn’t” Hope you leave our site satisfied with all the information you were looking for, if you are still in a haze and need guidance with your MVP, get in touch with us, we would be happy to help. Connect with us here.

MVP – The Only Way to Build Larger Companies

MVP – The Only Way to Build Larger Companies

Have you ever came across a product or service that just made you think “Damn, this is amazing, why didn’t I thought about it myself first.”  We all have one of those moments where we can’t help but turn into stone and listen or watch the other person talk about his/her product/service. Bewitched by all the fantastic things that the product has, you start wondering where did this person get the idea to develop an astonishing product/service like this.

We live in a world full of constant metamorphosis, where new technology and products keep surfacing. And cutthroat competition is one of the primary reasons for this constant change and development in industrial space. Each and every player, whether it’s big or small, wants to stay on top of others.

Here is a video showing the top 15 best global brands ranking and how it has changed over time

 

That being said, in this environment of intense competition only a few emerge as victorious. If you watched the video I mentioned, you would have seen the rise and fall of companies over time.

I am sure you would have heard about Airbnb, Uber, and Dropbox, but do you know what Airbnb, Uber, and Dropbox all have in common? Well, of course, they are heavy lifters – massively successful startups; Apart from that, they all started their journey by observing the trends, collating insights, hustling their way into and testing the waters and developing a Minimum Viable Product, or MVP for short.

A Minimum Viable Product or MVP is a bare-bones version of a product or service with just enough features tailored to test the market and customers.

It’s not a finished product, but the prototype created through carefully calculated interpretation, based on hypothesis-driven development. The product only needs the essential functions; anything beyond minor functionality is not added.

By creating a minimal product, one can judiciously use time and resources. This also opens a window for the company to give its customer a sneak peek, a glimpse of how the final product will look like.

Millennials are seeing MVPs as the fastest way to prove whether the idea behind the product meets their target audience preferences and personal needs. And MVPs are all the more successful because in the world of crowdsourcing, customers are more than happy to tell companies what can be improved and what should be entirely removed – providing useful insights as well as saving resources for the company.

Why is MVP important?

The thought behind the MVP is to break the superlative idea into small steps and examine the behavior of the customers. MVP is a shortcut, a way to change the scenery and 1-up the competitors.

Here are some of the key benefits that MVP brings to your company –

  1. Just like I mentioned before in this blog, MVP helps in using the limited time and resources in the most effective way.

     

  2. MVP also helps startupers to test their idea and recognize what trends can be used and leveraged to produce an optimum product which would cater to the needs of the targeted audience.

     

  3. MVP helps in procuring early stage adopters and potential clients.
  4. If leveraged correctly, MVP can also be used to attract potential investors.

Just imagine a situation where you put 6-7 months of efforts and a budget of $200,000 and still do not receive a positive result, dreadful right? The time put in by the developers, the marketing done by the marketers and the money from the investor or worse from your own pocket, everything slips down the drain.

Developing an MVP first and testing the waters would have saved you from this crisis. Building an MVP would have accelerated the product launch with minimal features. Moreover, approximately only 1-2 months and around $25,000 of the budget would be enough for building it, saving you both precious time and resources.

Here are 2 companies that we worked with to help them build the right MVPs and turn them into successful products.

01. UB Mobile:

UBMobile is a mobile-first consumer insight technology and services company. UB Mobile developed a mobile application called LifeTap. Lifetap is a fascinating platform where users are provided with the gift cards and coupons of different companies for answering simple and short surveys. UBMobile leveraged its marketing research capabilities and created an application which would allow them to get insights about customer behavior and their areas of interests. An early prototype of the application LifeTap was developed for the same.

After assessing the initial user interaction and pointers provided by the users, it was understood that there might be a few shortcoming and shortfalls. Major flaws highlighted were the performance and the UI/UX of the application. It was also found that users loved the idea and vision behind the application but did not engage with it.

With this valuable insight and data, UB Mobile was confident enough to develop a final product which would be not only smooth in terms of performance but also pleasing to the eyesight.

With that mindset, UB Mobile was psyched up and marched toward to decimate their first obstacle – the UI/UX part. They arranged for a Design Sprint Session in order to grasp more about the personas of their ideal target audience. During the Design Sprint, new and innovative ideas emerged which would boost customer experience by ten folds.

Read more details on how they did it here.

The final design concept aligned perfectly with the feedback received from the customers. The final product gained a lot of eyeballs and was highly appreciated by the users.

Developing an MVP before the final product paid off real good for UB Mobile and opened a door for more opportunities. And last year UB Mobile got acquired. Critical Mix, a premier global data and insights company, announced on June 19, 2018, the acquisition of UBMobile. Read about it here.

02. Farbinder:

Farbinder is a hyperlocal startup that helps people know about special deals and offers in their neighborhood. Farbinder helps the user discover new place around them, browse local events and announcements, check out local reviews and look up businesses and stuff local folks have for sale or giveaway.

Similar to the LifeTap, Farbinder also put a great thought behind what they wanted to achieve and where do they see themselves in the future. Thinking about all that, they decided to go ahead and test the waters by first developing an MVP. The primary purpose of developing an MVP was to get the customers perspective about the design and the vision behind the app, also it was a way to get under the spotlight and showcase the idea behind the app in front of investors.

After the launch of MVP, it was discovered that certain design aspects were acting just a hindrance to the refined user experience. These flaws were taken care of by performing a Design Sprint session. Design Sprint sessions provided Farbinder with early-stage clarity and feedback for improvement. From there they went step by step from setting up the problem statement to creating multiple solutions and choosing the optimum one.

Developing an MVP helped Farbinder to capture the early stage customer’s needs and provide a solution that they actually want. Farbinder was also able to save valuable resources that would have been gone to waste if they hadn’t checked the market beforehand.

Final thoughts

Minimum Viable Product development means finding the perfect blend and synergy between the minimalistic design and significance. Development of the MVP should be kept to the minimum, but the product should not be deprived of the main feature you are trying to showcase. In recent years, MVPs are being used more and more by lean startups and tech titans to get traction and validation.

If you decide to release an MVP, make sure your strategy is as unique as your business. RemotePanda has helped build MVPs for Farbinder, UB Mobile and many more that have led to million-dollar sales and funding. To learn more, contact us here.

If you are wondering what can go wrong with MVP and what you should do to execute it the right way, Read here.

MVPs can go wrong!! How to make sure yours doesn’t.

MVPs can go wrong!! How to make sure yours doesn’t.

In today’s advanced world, it takes a lot of efforts to uncover a niche and meet the needs of the target audience. You can’t just go around turning an idea into a product or a service and expect the customers to consume it. What matters the most is what the customers really want. If you can’t satisfy the need of the customer with your product/service, then all your time, money and efforts are futile.

Frank Robinson defined a concept called Minimum Viable Product(MVP) which changed the way entrepreneurs started gauging the product market fit.

A Minimum Viable Product is a product which hasn’t been fully developed but which has enough features and core functionalities that the customers can play around with it and gauge if it’s what they need, developers can get feedback from customers to further furbish the product. This process saves a lot on the cost and risk factor, making a fully functional product and watching it fail is like the worst nightmare any entrepreneur can ever have.

Though MVP is a blessing, people are under this assumption that it’s okay to have MVP as a mediocre product because they are in a rush to release it to the market, and once it is launched, they are hit with a reality check when nobody is showing any interest in the product. It is imperative to build your MVP as efficiently as your final product, with all the functionalities that the user can interact with.

When an MVP is released people tend to lose focus on the monitoring and feedback phase, which is the most important part of the methodology.

Another fact people should take into consideration is that there is no one size fits all MVP formula, your MVP will depend on which stage your business is in and what needs you are trying to satisfy.

And the most important thing to be aware of is that there is a difference between a prototype and an MVP, your prototype is not your MVP, a prototype is a model of what your product might look like, it may or may not be a functional model, while an MVP is a fully functional product or a shorter version of the product which the customers can use.

MVP is a concept that needs to be executed effectively, it can take you from rags to riches or from riches to rags if not done properly. Let’s see what can go wrong with MVP and what you should do to execute it the right way.

 

A. You’re focusing on a smaller problem:

You're focusing on a small problemWhat we generally do is break the entire process into small modules and have those modules tested in increments and aggregate them with the product again. This is a very long and slow process, it’ll consume too much of your time and money.
Instead of doing so, focus on what people really want, ask the right questions and try to come up with one big problem that needs to addressed in order to make your product a success.


Dropbox made an explainer video to know if its customers wanted a file-sharing platform, and while the product was still in beta phase, it had 75,000 subscribers.

B. Not involving the target audience:


Not involving the target audience
You aren’t developing anything for your personal use, and even if you are, it’s your responsibility to make sure that what you have developed, fulfills its purpose and satisfies your need. In the same way, you need to understand what exactly is your target audience and what problem you are trying to solve. It’s not necessary that all of your customers would want to buy your product and explore it, but those who do, it’s of utmost importance to take their review, contemplate on it and make the needed changes to the product in such a way that it fulfills your customers needs in the best way possible. It could take you 6 months and thousands of dollar to build a product and then get feedback from your customers, this is a really long and expensive process.

MVP does away with this and gives you the liberty of spending the least amount and gaining exact requirements of your customers within 2 months time. Products do not only have to satisfy your customer but have to leave them with a feeling of delight.
So, defining and focusing on your target audience is vital, because without it you’ll unnecessarily keep expanding your scope and incur more cost.

 

C. Not prioritizing User Experience:


Not prioritizing user experience
According to a 
Walker Study, customer experience will rank way higher than price and product by 2020. As a matter of fact, 86% of buyers are willing to pay more for great customer experience. So it goes without saying that customer experience is one of the most important things that should be taken into consideration while developing your product as well as the MVP, the customer should be able to explore the product with minimum guidance and should be able to understand and express their opinion about the product. The goal is to hit the emotions of the users and make it alluring enough to put on an amazing first impression.

It’s not necessary to have a cutting-edge design, however, it should be attractive with regards to the basic principles of visual design such as hierarchy, balance, unity, proportion, colors, etc.

You can always give your users a short tour of the app when they sign in on to the home screen for the first time. The goal here is to make it easier for users to grasp the concept.


D. Choice of the device isn’t appropriate:


Choice of the device isn't appropriate

The platform you select to bring your MVP in front of the target audience is equally important, if you’re developing a mobile platform then it would be best to show your MVP on a mobile device, it would be terrible for a customer or an investor to take interest in your MVP and end the conversation with a question that says
“Does this work on a mobile device”. Likewise, if you’re developing a web app, make sure that it works on your current website or have one made for it.

MVP is a widely used approach in Lean Startup and it cuts down on a lot of costs associated with the product development as well as the risk associated with the product failure. So it’s vital for a business to build an effective MVP. We have some Frequently Asked Questions on MVP that you can go through to get a clear picture of MVP. If you are still reluctant or need any help with building a MVP, get in touch with us, we’d be happy to help.

Most Effective way to write Meeting Minutes

Most Effective way to write Meeting Minutes

Today, a working professional attends at least 2 to 3 meetings every week. These meeting can be in person or using other technologies like Skype. However, a question that begs to be asked is: “Does everyone remember what was discussed in the previous meeting?”

The answer to this question is, in general, a resounding no. This is a problem. The solution? Sending the Minutes of the meeting after the meeting concludes. Noting down the minutes is a good practice regardless, and this task should be assigned to one team member in the meeting. Nowadays, some AI based meeting assistants are also available in the market, however, in the end, human intervention is still needed.

Minutes of meeting

Noting down minutes is a tedious task as many individuals consider it as the waste of time as no one goes through it; however, if the minutes are concise and short other individuals may spare the time to go through the minutes.

If a new individual is asked to prepare the minutes of the meeting, the very first question that comes in mind is which points to add, or how to prepare the minutes. Here we will clear a few important things up

Important things to consider while writing your minutes of the meeting —

  • Company/Institute Name: Mention the name of the company or institute Involved in the meeting.
  • Date and Time: Mention the date and time of the meeting along with the timezone.
  • List of attendees: Mention the name and designation of all the attendees of the meeting.
  • Agenda: Mention the agenda of the meeting.
  • Discussion: Note the key points discussed during the meeting.
  • Notes: Take note of the key information conveyed during the meeting by the attendees.
  • Action Items: The key action points discussed and finalized in the meeting can be written in this section.
  • Next Meeting: Mention the date and time of next meeting along with the timezone.

The above are key points that should be included while preparing the minutes of the meeting.

Here is an example of a great set of meeting minutes —

Template for minutes of meeting
Global Trends Related to Remote Working

Global Trends Related to Remote Working

From Client Perspective: The following piece covers imperative topics pertaining to remote work from the client’s perspective. It includes the Benefits of working with a remote team, Finding a remote team, Difficulties faced in working with remote teams and how to overcome them? & Satisfaction with remote work.

Remote Worker Perspective: The second half of this article essentially addresses concerns and findings from the remote worker’s perspective. It covers the following topics. Difficulties faced in working with remote clients and how to overcome them? Managing time zone differences, and Resolving cultural differences.

The trend of remote work is becoming quite popular and businesses with inclusive cultures are allowing their employees to work remotely. These modern employment options have truly made it possible for companies to leverage the various benefits of delegating work to remote teams. It is a win-win for both parties as the employees also get flexibility in work. However, a lot of speculation around this topic still prevails. To find out the reality of remote work, we conducted a survey that helped us gain a comprehensive understanding of the topic at hand. We essentially focused on the software development field. Below are the valuable insights that we gained.

Download the survey report here.

“How can we help the remote work industry?”

This was the question that started it all; we wanted to understand how we can help companies and remote workers understand the existing problems in the remote industry and how they can overcome it.

We had some literature available in the form of notes and blogs from fellow remote platforms. There were some inputs available from founders that had used remote workers themselves and then there was a lot of “how to” and “me too” content produced for the sake of SEO.

The problem was that most of these accounts were written with only personal contexts and there was no research we could find that talked about real people and real stories. Moreover, we wanted to go the crowd-sourced way to get the industry trends rather than talking to a focused group or just hearing from people in our network.

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In mid-April 2018, we decided to take a road trip to capture real conversations on camera about remote work.

Over the course of 3 months, we interviewed 250+ CXOs in person in the U.S. covering 16 cities. Post this we conducted an online survey, which had over 300+ CXOs as participants. Since we wanted to go beyond the one-sided perspective, we also took inputs from Remote Workers; thus, covering the whole spectrum of the Remote Work cycle. The participants were mostly the U.S. based CXOs running companies from pre-revenue to $5 Mn in revenue. They were aged between 20 to 60 years.

For Remote Workers, The participants were primarily India-based service providers. Their inputs were mostly taken through an online survey.

What did we discover?

Diving into the statistics, we found out that the average cost of a Remote Developer from South Asia is around 50% less than that of a local hire in the US. Given the further flexibility and scalability that remote teams offer, considering remote workers is indeed a good idea.

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It should not be misconstrued though that such an endeavor does not invite with it a set of risks and challenges that need to be resolved.

Our survey comprehensively covered remote work trends, best practices, and learnings from fellow founders who have actually “been there and done that”.

We also made it a point to answer most of the commonly asked questions about remote work. We focused on both the customer’s and vendor’s perspective. This enabled us to get a wholesome idea about the current scenario of Remote Work industry.

Benefits of working with a remote team

We posed the following question in our survey and the answer was surprising.

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After analyzing the results of the survey, we found that a whopping 86% of the participants have worked with or are currently working with a remote team(s). This made us naturally think as to why so many people would prefer working with remote teams? Was it only about the cost?

With the same idea, we asked our participants the following question.

Why work with remote teams?

We can all guess the answer-Low Cost

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Conclusion: As empirical knowledge would suggest, Cost is the number one factor to work with remote teams. However, in the study we conducted, flexibility was found to be an equally important reason to work with remote teams. The ability to work at convenient hours and still have the work delivered seemed to be an attractive aspect of remote work. With this knowledge, one can assume that a trend is emerging of people moving away from the traditional 9 to 5 structure of jobs. It suggests that people now want to work when they want to and not according to the clock.

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Pro Tip: Companies should let employees work the hours they want to work instead of forcing an outdated norm on them. Top companies like Google, Facebook and the like allow employees to work the hours they want. Employers also go the extra mile and give their people the freedom to choose when, where, and how they work.

RELATED: Managing Virtual Teams – Tips and Tricks

Finding a Remote Team

Everything starts by finding the right team. How do you discover remote teams? What are the avenues and how do you compare 2 different teams? We pondered upon this and asked the participants the following question.

How do you find a remote team?

One would think that most companies would find their remote teams at a competitive online marketplace like Freelancer or Upwork, since they’d have a large pool of talent to choose from and the talent will provide services at a competitive rate.

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Contrary to popular belief, 40% of the participants preferred to work with Remote teams that had been referred to them. Additionally, it was found that CXOs want to work with somebody who has been referred even if they might be expensive. This clearly implies that Trust is a major factor in this decision.

Difficulties faced in working with remote teams and how to overcome them?

We thus understood why people choose to work with remote teams, but it is also apparent from years of experience and basic understanding that working with a remote team could be a challenging task. So what are the challenges and how to resolve them? To find out more about it we asked the following question to our participants…

What are the difficulties you faced while working with remote teams?

There are inherent difficulties and problems faced while working with teams in other geographical location.

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Conclusion

Communication and time zone difference were the top 2 contenders here.

Communication problems could lead to objectives being misunderstood thus elongating the project timeline and defeating the advantage of working with remote teams.

Time Zone difference would make the project duration longer since any work could take more time than it would have taken due to the limited interaction.

The example below shows how simple things may end up taking more time than required if quick review periods are not built in process. This example considers time zone difference between New Delhi, India and San Francisco, USA.

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Communication and time zone difference are solvable challenges

Time zone difference can be solved by creating a plan that puts everyone in sync – This involves using the right tools, making adjustments to the work hours & creating multiple touch points within the day.

Communication Challenges can be solved by working with teams that speak your language and understand your culture.

It also validates the inherent fact that in order to succeed in working with remote teams, you need to invest time and resources in your team to bring them at par with you not only on the project but also on the cultural aspects.

IBM today has more staff in India than in its home country, i.e.  the U.S. For IBM, its India center is not an extension of the U.S. entity, instead a stand-alone entity in itself.

The Cultural difference is another major difficulty faced by CXOs with about 19% of the participants saying that they have encountered problems due to variation in culture.

The Possible solution lies in discussing closely with the team as to how they can be brought closer to the project – This could include, an in-person meeting during crucial phases such as kickoff or release – An understanding of different cultures and keeping them in perspective while creating a plan can also go a long way in helping overcome cultural differences.

Satisfaction with remote work

Satisfaction is one of the most important things when it comes to work. But how satisfied are the people who’ve worked with remote teams? We posed the following questions to find out about the issue.

How satisfied are you?

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These were our findings:

58% of the participants are satisfied with remote work.

Around 3% of participants are not at all satisfied

While we could see that 58% of participants are satisfied with remote work, we were also glad to find out that only 3% of the participants reported having a bad experience. This was a welcome relief because the confirmation bias that exists in the industry has proliferated the idea that working with remote teams is usually a bad experience. This also established the fact that there is a growing trend in acceptance of Remote Work.  

RELATED: Why You Should Not Hire Remote Employee?

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Pro Tip: Keeping expectations in check could go a long way in improving your experience of working with Remote Teams. You need to make yourself fully aware of what working with Remote Teams entails and what it could mean for your company. Such awareness will help you make the most out of Remote Work.

Remote Worker Perspective

Difficulties faced in working with remote clients and how to overcome them?

Wanting to understand the Remote Work Industry all-inclusively, we also interviewed Remote Workers to take their opinion on the current state of the Remote Work Industry. We asked them the following question.

What are the major challenges of working remotely with clients?

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Conclusion: The biggest difficulty faced in working with remote clients turns out to be communication, as also seen before in the customer’s perspective. Understanding the work is definitely much easier when done in person.

Definition of Objectives and clarity in the end goal of the project was found to be the second biggest challenge in dealing with Remote Clients.

Considering both the factors, we can conclude that a right start and defined process are essential for making remote work successful.

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While initiating the project, make sure both you and the client are on the same page. Make sure that the purpose and the objective of the project are clear and there are measurable KPIs in place.

Managing Time Zone Differences

Question: How do you overcome time zone differences?

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Conclusion: Appointing a team coordinator for the time zone overlap seems to be the solution most teams lean on. The team coordinator is responsible for providing the necessary overlap between both parties.

Creating a structured communication process can help overcome time zone difference because both parties then know when and how to communicate and make effective use of the time available.

Pro Tip: Time zone difference can be solved by creating a plan that puts everyone in sync – This involves using the right tools, making adjustments to the work hours & creating multiple touch points within the day.

Resolving cultural differences

Question: How do you overcome cultural differences?

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Conclusion: Having a positive attitude, openness and understanding of differences in culture can go a long way in helping overcome cultural differences.

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Language can play a major role in bridging the cultural difference gap. Thus, it is also important to keep in mind that the Remote team should be fluent in your language, and can understand the nuances and implicit context within the expressions.

Pro Tip: It is recommended that you put in the time and effort to understand the client’s culture and working style, and also give them an opportunity to understand yours.

Conclusion

In summary, Remote work seems to be the future of work. Looking at the responses received from the CXOs and looking at satisfaction levels of remote clients we believe that there is a huge scope of growth for remote work and that trend is not slowing down any time soon. It is also important to understand that remote work is not a one-size-fits-all approach. It requires deliberate time and effort to make it work but once done correctly it is an approach that will keep paying dividends over the years. One thing that was common among all the conversations we had pertaining to remote work was that everyone agrees that remote work is a long-term commitment and needs to be treated likewise.

RELATED: Five Unconventional Freelance Platforms

Many people and partners have supported us throughout this survey. An endeavor like this would never have been possible without the hard work and assistance of our partners. We would like to extend a special thanks to all the CXOs and remote workers who took time from their busy schedules to meet us and share their experiences with an open heart. We believe that we are living in an exciting time for remote work and hope that this survey helps our readers make better decisions and build better remote teams.

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DOWNLOAD THE SURVEY REPORT HERE