How to start an IT company ?

@the-small-k • Oct 26, 2024

Oct 26, 2024

1.2K

Hello guy's
Actually i want to start an IT company.I posted this thread to know how to start ?
.
Well i am good in java.I have developed no of web,standalone and mobile applications using java.
I have created a website where i can take project and complete them.Is it a right way to go ?

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Kaustubh Katdare

@thebigk • Dec 6, 2011

Starting a company in the IT domain isn't very difficult. You need to have a strong purpose and commitment to run a company. However, assuming that you're mentally and emotionally prepared to start your own company you might think of following steps -

1. The first thing would be to decide what exactly you're going to do - develop software for the clients or create products/services and then sell them to the clients.
2. Assuming you're the only founder - decide the scope of your company: What and how are you going to do. What are the main motives behind starting a company.
3. Once you know what your company is going to do; you can start a proprietorship firm. It's very easy and cheap to register one. Any local chartered accountant will help you with the formalities.
4. Depending on your answer to step #1, you will have to recruit co-founders & associates who'll work with you on the projects you're undertaking.

However the 'legal' stuff; that is 'registering or starting a company' ideally should follow after you've a client willing to pay or a software that people would like to buy. Website can be created easily within a day.

PS: I wonder what motivated you to start this thread under the Engineering Jobs & Careers Section. We've an entrepreneurship & startup section. I'm moving the thread there.
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ShrinkDWorld

@shrinkdworld-WWdBBc • Dec 7, 2011

You must be clear about what you have to sell.😀 As your are starting a new company there is huge work load. 😔
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Kaustubh Katdare

@thebigk • Dec 7, 2011

@gg_gaurav: The work load depends on how organized you are and how big is your team. Startups do have insane work hours ( 👍 ). Yes, it helps to know what you're building your company for.
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Gandalf

@gandalf-RPhbu3 • Dec 8, 2011

You need to innovate in your products to be different from your competitors and lure the customers
1. It can be some excess functionality you offer
2. It canbe the shortcomings you studied about your competitors

I advice you to research on your target audience before you start promoting your company
Best of Luck for your New Venture👍
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thunder9x

@thunder9x-57Vbvn • Dec 17, 2011

Search for similar small sized Java software companies and get details about their services. After that decide how much you can do in comparison to them. If you find yourself competent enough to provide services and good quality products, then you can start now by following The_Big_K tips.
If you are a bit not confident, it is always better to have some work experience in a good Java company where you can get a good understanding how an IT firm works.
Best Wishes. Good luck.

Regards
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Kaustubh Katdare

@thebigk • Dec 17, 2011

I'm quite impressed to see that young engineers are actually looking to start something on their own. 😀
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PraveenKumar Purushothaman

@praveenkumar-66Ze92 • Dec 20, 2011

The_Big_K
I'm quite impressed to see that young engineers are actually looking to start something on their own. 😀
Starting something on our own is better as we get to know the practical difficulties and get responsibilities. 😀
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Kaustubh Katdare

@thebigk • Dec 20, 2011

Praveen-Kumar
Starting something on our own is better as we get to know the practical difficulties and get responsibilities. 😀
Yeah, starting is one thing and running it is another. I think 'scaling' is actually tougher than starting.
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PraveenKumar Purushothaman

@praveenkumar-66Ze92 • Dec 20, 2011

The_Big_K
Yeah, starting is one thing and running it is another. I think 'scaling' is actually tougher than starting.
Exactly. One more thing from my personal experience is, I was running out of projects at a moment, when I had lots of time, and running out of time because of more projects! So, the nature of the work would be extremes if you are working as a single person and if you don't know how to manage your resources (time, people, if any), you are screwed! 😔
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Kaustubh Katdare

@thebigk • Dec 20, 2011

I think CE's growth will open new lessons for entrepreneurs. We're taking bigger steps in coming months and if successful, we'll experience a new engineering company. Let's see how it grows.
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ms_cs

@ms-cs-Ab8svl • Dec 21, 2011

Bigger steps? Curious to know about it.
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ms_cs

@ms-cs-Ab8svl • Dec 21, 2011

You have an idea already? If not,You can get the clients from the site like odesk initially.
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Kaustubh Katdare

@thebigk • Dec 21, 2011

ms_cs
Bigger steps? Curious to know about it.
Hmm, we've discussed it in bits here and there. Regular members know 😉.
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PraveenKumar Purushothaman

@praveenkumar-66Ze92 • Dec 21, 2011

The_Big_K
Hmm, we've discussed it in bits here and there. Regular members know 😉.
Yeah, but at the same time, you can look at all the posts in this thread... 😀
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