How To Launch A New Software Company In Less Than 6 Months

If you’ve been developing software for companies on a freelance basis for a number of years, perhaps it might be time you raised your ambitions slightly and looked into the possibility of starting your own company. Writing codes all day long is something you’re obviously very good at, but is it really what you want to be doing day in, day out for the rest of your working life? Wouldn’t it be much better to spend your time obtaining contracts and simply overseeing a large team of cutting edge developers? I think we all know the answer to that one.

I’ve decided to release this article today in the hope of giving you some much needed motivation. Although you may well have a talent for software design and creation, there’s a limit to how much money a single person can earn in this profession on their own. By opting to start a new specialist company, you’ll be able to accept much larger and effectively more complicated jobs, and with them will come a significantly more impressive level of pay.

Identify Your Niche

During the early stages of starting your software development firm, you’ll need to select a niche and specialise in providing services and products within it. This is because the amount of people working for your company will be limited until you start to expand, so it’s best to keep all operations as similar as possible. To select this niche, spend some time with all the developers working for you and find out about their individual skills. If most of them find their talents are better suited to mobile app making than full scale software solutions, this is where you should begin.

Raising Your Startup Capital

There are many methods for dealing with this, most of which should be open to you so long as you have a decent credit history. Your first stop should be the bank. Though these institutions have been less inclined to lend to new firms recently, with your experience and a good business plan you might be surprised by the assistance they offer. Alternatively, you could try to see investment from a private equity firm, but be prepared to hand over a significant chunk of your profits if this road seems most appealing.

Finally, it’s actually possible to get tax credits for research and development in some circumstances, so this is something you definitely need to look into if funding is becoming an issue.

Winning Lucrative Contracts

So long as you’re good at what you do, winning contracts should be simple. All you need to do is pay for some online advertising, target it correctly and wait for potential customers and clients to find you. However, if this is going a little slow, there’s obviously nothing stopping you from creating useful software packages for sale on the open market. Again, so long as the product is top quality and useful, you should have no trouble selling it to people online.

All of this can be easily completed in less than 6 months, meaning your business could be in profit and making its mark on the work as soon as August this year if you get your skates on. You don’t even need to rent a premises to work from, as most developers are more than happy to work from home.

My advice? Go for it!

What have you got to lose?

Image author link

Recent Articles

Renewable Energy Shifts Can Make Earth Greener And Cleaner

Burning of fossil fuels like coal and mineral oils increases the carbon emissions in the environment. Besides, these resources do not replete as fast...

Anchor Text Hacks – How To Get Fast And Sustainable SEO Results

SEO is a complex strategy that comprises multiple components and anchor text is one of them. Anchor texts offer important information to the reader...

How to unscramble word puzzles within seconds

Unscrambling word puzzles within seconds is easier said than done. We find that there are numerous sites, tools, and guides etc. which offer to...

How-to Guide for Choosing the Right Air Compressor

Choosing the right air compressor can be a difficult task, especially if you know little about the equipment. Air compressors power a number of...

Easiest Ways To Earn In-Game Rewards And Gift Cards Online

There’s nothing more satisfying than earning an incredible in-game reward when you’re playing an online game. Watching as you equip your character with your...

The 10 Best Apps For Your iPhone Right Now

Just got yourself a new iPhone? Congratulations - you’re contributing to Apple’s 47% market dominance. Apple’s iOS is sleek, user-friendly, and beautiful, which explains...

What Is The Future Of Console Gaming?

There have been a lot of predictions with the future of console gaming. People have debated back and forth about its power and whether...

The 20 Best Smart Gadgets For Your Home

By current estimates, there will be more than 64 billion Internet of Things (IoT) devices worldwide by 2025. That’s a pretty remarkable statistic, and...

5 Key Factors of a Successful Email Marketing Campaign

The DMA reported that you can expect a return of around $32 for every $1 spent on email marketing. According to Hatchbuck, newsletter recipients...

5 Valuable Digital Marketing Trends for 2020

A successful digital marketing strategy is made up of many moving parts - SEO, PPC, social media, email… the list goes on. While some...

Features To Look Out For In PCB Design Software

PCB design software has come a long way over the years, with more companies adding advanced features that PCB designers can rely on to...

7 Hot Games You Should Play Right Now

If you are a parent, and not a gamer yourself, you may be hesitant to buy a particular video game for your child, teen,...

Related Stories