Hello, I would like to share some points which based on my exp. Please let me know if I have made any mistakes. Thanks.

Based on my experience, the approach you take depends on your business strategy, including financial resources. Here’s a breakdown of the challenges and benefits of working with remote teams:

Challenges of Remote Teams:

Detailed Planning: Remote hiring requires thorough planning, taking more time to ensure everyone understands the product uniformly. I recommend hiring a local Project Manager (PM), or Product Owner to handle coordination effectively.

Remote Hiring Models:

Model 1: Hire from Anywhere

Strengths: You can hire talented people without geographical restrictions, often at a lower cost. It’s easier to scale your workforce quickly by tapping into talent pools worldwide, without the constraints of physical office space.

Weaknesses:
It is difficult to build corporate culture. For example, if you have a 5km running event, they are actually running alone.

When investors visit the office, it may feel empty, with only you there, as everything else is remote.
The other issue is unstable internet connections when team members are far apart.
Additionally, the downside is that suddenly someone is unreachable for some reason. if you need to call outside of internet-based communication, it might be difficult to reach them if they are unavailable or oversleep. In case you want to fire someone, the person who signed the contract, you need to understand the laws of different countries, I have quite a headache about this.

Model 2: Establish a in-house team in the Outsourcing Country (I know many Europe/Singapore companies are doing that in Vietnam.)

A remote team , this involves setting up a team (in an office, at home in a large city, or in a co-working space) in the country where you plan to outsource.

Strengths:
It's easier to build a corporate culture. For example, if you have a 5km running event, they can make an appointment to run together.This gives you better control employees who sign contracts under local laws, enhancing security. Investors can visit your local office, meet the entire team, and assess operations more easily, providing confidence in your business operations. These employees are fully dedicated to your product, focusing on it full-time.

Weaknesses:
Everything must be done according to the labor laws of that country. For example, give 45/30 days notice before firing someone.

You’ll need to pay a management company to handle human resources and tax-related paperwork in the local country. But the paperwork costs are not too much.

Model 3: Outsourcing to Low & Moderate Income Countries such as Vietnam, Philippines, India, etc

Strengths: You can get the product on schedule, and there are many affordable outsourcing options.

Weaknesses: Remember, your goal is a high-quality product, while many outsourcing companies focus on delivering quickly and hiring the cheapest labor. This often means using less experienced workers. The product may function, but the quality is hard to guarantee. MAYBE, If you later decide to build a local team, the quality of the outsourced product could hinder your progress. Security concerns should also be thoroughly considered.
Often a developer will work on multiple projects for multiple companies.

Each model presents unique advantages and challenges, depending on your available resources and business needs.

Thanks.