Establishing a Software Business
I thought that if you have a computer and somebody ask you to create a software application for them, you now have a software development business. But of course it was such a wishful thinking. I realized that creating business applications and doing that as a business is not just the development, it is more than that.
There are many things you need to know in a custom software business startup but i found these three things to be most important: the scope and duration, the system quotations and porfolio .
If you want to start software development business, you have to know how to supervise a software development, testings, installation, training and then the maintenance. Only after a parallel testing or a dry run results shows your system is working and your client accepted it can you say your work is done (but not quite, you have to do maintenance depending on the contract).
You have to prepare the project schedule. There is also the budget management in which you have to monitor all the time. Make a financial statement analysis before creating any agreement.
It is not easy to set a price for the whole project . Usually, clients would ask for much but are willing to pay so little. You can not just limit you system specifications just sot you can fit the project with your client’s budget. That is why you need to analyze your financial statements and see if you can lower your price without lowering the quality of your work.
You need to have a collection of software you developed and client’s testimony would come in handy. If you have developed enough systems, your portfolio will speak for you to your prospect clients. Create prototypes for usual systems use in business such as payroll system, inventory system and accounting system if your portfolio is not yet develop. It will make your development a lot faster if you are already familiar with the system you are going to make.
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