Contact us anytime to know more — Abhishek P., Founder & CFO CISIN
1. Creating a Core Team of Qualified Professionals
A team remains to be the foundation of any company. Having the best core team is what set the company on the path to success.
A software development company is based on a team of extremely professional and skilled developers. It needs to have experienced people that can provide best-in-class software. It also requires a leader that can inspire the team and can attract the some of the best experts to the company.
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Having a great IT development team is invaluable to any company. It should have a team of dedicated experts. The project leader should need to have sufficient qualities that are worth recognizing and valued as a valuable part of the team.
Such a company also require a software architect on the team.
2. Focusing on the Key Technologies
The companies are often in a conundrum of either concentrating on technology or different business solutions. However, technology always comes first.
A software development company should focus on key technologies. Your customer may require any .NET or even a smartphone application, and it can easily be done by simply hiring an external company.
However, a good company needs to have the required expertise in all of the latest technologies.
Once a software design company has been established, it is constantly compared to the leading players in the market in the different business or technology verticals.
Whenever a company has people with a variety of skillset, you will certainly have a lot of people just sitting on the bench and hence leading to a lowering of the profit margin. This is essentially due to the inherent fact that you can’t simply get your salespeople to look at the various types of projects or technologies.
For instance, if your company have a free Ruby developer, you can easily start getting Java or even C# requests but not the Ruby ones.
3. Creating Partnership and Network for Business Development
Custom software services aren’t bigger than their partners and clients. As a software development company, you can have various clients from different countries and even from different continents.
This essentially means that you need to focus on staying as close to the clients as possible. This is why every company needs to create and build partnerships with different software development companies in different counties.
Having good partnerships will provide you with access to great clients as well as projects. In case you deliver the best quality software, you will soon become one of the best options in the market.
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However, it should be duly kept in mind that this particular aspect is a tough process and requires quite a high level of dedication.
From experience, the companies won’t actually start to trust you in the initial stages unless you have shipped the first few projects. For instance, if you have developed a software for a consultancy company by sending one of your consultants on the onsite and he performs a tremendous job, the partner will certainly start calling you for more additional projects.
Even though this requires a lot of travelling, it can be quite challenging, but it is worthful. The project can be easily quite tough and include a lot of refactoring of various old applications and may not be the dream project, but you need to put in a lot of effort as well as the dedication and deliver the project on time that should exceed the initial expectations.
Once these early projects are done, it is quite easier to expand the company’s collaboration and even talk about different future opportunities.
Hence, it is certainly suggested that the company should focus on small projects first, deliver the best result, earn the trust and then it can lead to good as well as long-lasting contracts.
Conclusion
A custom software development company can be established by putting in a lot of efforts. However, this requires the hiring of expert professionals that excel in their fields.
The company should also work on the latest technologies. It should also develop a good network for business development and establish partnerships. This is how a business can actually succeed by software development company.
