There was a time when software companies of India were mainly MNC or belonging to other countries. But now the time has changed as many professionals have left their stressful jobs and are planning to open their own software companies. Due to these reasons, people are searching for How to Start a Software Company and what business can you start with computer science degree?
You should also know the fact that opening a software company is not much difficult if you have the talent and can understand the market trends. Other than Software Company a computer science students can open much other business such as-
Steps to How to Start a Software Company and Get Projects:
Step 1: Plan
For any business a well-defined business plan is necessary. One cannot get success in business without a good plan. A plan for a software company should contain the software technology that you are selecting and the level of customers you will target along with the pricing structure. You should also make a plan for profit after cutting down your development and purchased software prices.
Step 2: Structure of the Firm
The government has provided a certain set of rules for an organization dealing with people of specialized skill sets and the facilities that have to be provided to them. So make sure you follow all such certain rules. Regarding the size of the company, you can keep it according to your needs.
Step 3: market Region
You have to select the market region whether local, national, or international. By this, you can focus on their needs and decide the prices of your products.
Step 4: Registration
You have to register your company with the Registrar of companies or ROC. For this, you have to select a unique name of the company which has not been chosen by anyone until now. You have to fill in some useful details in the registration form such as the name of the director, type of firm (partnership or sole). The fees are generally nearly 1000 INR.
Step 4: Place
Choose the place where you want to start your software company. You can choose a location according to the area cost, number of employees, and availability of electricity as these are the important parameters in software industries.
Step 5: Staff
Try to choose experienced and skilled staff along with some freshers for training. You should also select employees based on your target market as dealing with the international market you need professional staff with excellent communication skills.
The Final Words:
I hope that now you get the answer to your question about How to Start a Software Company. Now you can confidently open your software company and make huge profits. In case you need any consultation regarding this business or have concerns regarding machines, you can consult MYB2BIDEA by live chat support.