Start an Offshore Software Development Firm
If you want to start an offshore software development firm, you will need to work out the business plan. This is a large scale business and there are so many things that you need to consider.
Among the things that you need to consider are human capital, global connectivity, and infrastructure.
What is Offshore Software Development?
Starting your own offshore development firm can be overwhelming but with the right knowledge and passion for this type of business, you can make this dream a reality. As a software development firm, your primary services will be concerned in the development of various kinds of software for a client that is located elsewhere; hence the term offshore software development. There are many companies today that are willing to pay a hefty sum for the software. The reason why a lot of prospects are willing to outsource or opt for offshore services is because of the high cost involving local services.
When it comes to software development, India is the most popular. The industry is still in a young stage and this may be the best time to enter the market. If you can find or hire the best software developers, your firm will surely succeed. If you live in India, Israel, Canada, and Ireland, you can find the best opportunities there but with diligence and hard work, you can start your own offshore software development firm regardless of the location. Among the things that you need to consider are human capital, global connectivity, and infrastructure. This is a large scale business and you’re going to need huge capital.
The Business Plan
Always begin with a business plan. To do this, you need to conduct a thorough research to be able to analyze the market situation. If you can prove the viability of the business, you are sure to succeed. Through the market analysis, you can determine the competition and devise ways to compete with other firms. Finding the right location is very important and you’re going to need a building that you can purchase or lease out. Finding competent software developers is a major task but if you set standards or qualifications, you can find the best human capital.
The building should be properly equipped and all the necessary furniture or fixtures need to be purchased as well. Applications for the business license, utilities, phone lines, and internet should be accomplished in advance. The business plan will guide you through it all, so this is a must-have before you start working on the different aspects of the business. You should also have enough knowledge about software development to understand the processes. A background in business management can also be an advantage. Use the business plan to apply for a business loan. Funding is very important and perhaps you can decide on the best business structure.
7 Comments
- I want to start an offshore software development company in satara Maharashtra. Can you help me with a Business plan. Regards, Javed
- i want to start own software development and web development company. pls provide me complete details our preferred area india delhi ncr and gwalior mp.
- Hi I am from Pune, Maharashtra, India interested to work as offshore development company.
- I'm From Algeria, I'v been working in offshore domain (ERP compiere) for five years, if someone is interested you can contact me: erp.compiere_dev@yahoo.fr, Best regards
- I am very much interested to start software development and web development, our preferred area Kolkata, WestBengal, India . Please send details. Partha
- I am Engineer from Canada , Looking for someone who has connection in India , china and other countries to start up Offshore Software Development please email me at weflavien at gmail.com
- Any startup company looking for long term business guidance in terms of strategy, planning, client acquisition and business development can contact us. But kindly do not approach with the "free service" mentality.
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