A Software company is nothing but an enterprise which develops and distribute computer software for their revenue and profits. If you are a beginner, you might be wondering what is a software? So to get you going with the topic, I’d like to tell you that a software is a set of programs which is used to either run computer system as a whole or maybe to just perform the desired task. Hence, a software can be divided into System Software (used to run a system; for example, operating systems like Microsoft, Apple iOS, Linux, Unix, etc. can come under system software) and Application Software (used to do a particular task, think of applications like a media player, web browser, console game, etc. ). A software runs over the hardware to achieve a user-defined task/operation, by interacting with it efficiently.
Coming back to software companies and the pros and cons of it. You must be aware of the fact that the companies having the highest revenues across the world like Microsoft, Oracle, SAP, VMWare IBM, etc. secure more than 80% of their total revenue through software development and distribution. And in this techy world, each one with marketing and soft programming skills wants to inexpensively generate maximum profit for themselves and I’m here to tell you that Software Company is the way to do that exactly!
Ultimate Change in Software Companies:-
The software companies in the early generations used to use a service model with one of the Infrastructures, Platform or Software-as-a-service (IaaS, PaaS, SaaS).
Traditional Service Model
But as you know that change is inevitable, and most of all, the technological field is a field of most abrupt and unexpected changes. So, even the companies are changing their structure and hence developing products and software using SaaS (cloud-based), which is causing the software to skip the traditional stacked service model (IaaS, PaaS, SaaS) and be already complete. Moreover, with moving the service model to SaaS model, the customer effort is also reduced as the customer is already getting a cloud to store dataset for their software, instead of using a platform(PaaS) and/or infrastructure(IaaS).
Be a Software Company and make higher revenue:-
The people nowadays accurately know the value for money but, sometimes couldn’t look for a perfect way to start their earning. And that is what I am going to discuss right here. First of all, you must have realized that it is the customers that are responsible for your pays and revenues and not you alone; you must know what crowd to target and fulfill their needs to ultimately satisfy them and win your money out of them.
Also, software is the supreme part of the digital company, as I’ve already stated, that it is mandatory to run a computer system or a particular task in the system. So, now you know why to pivot out and open up a software company that will serve the appropriate needs of the customer to gain recognition and henceforth revenue to you.
In this technological world, software is the business and, more accurately you will detect the customers’ needs, more easily it will be for you to design and implement the software.
However, a software is only the part of the go-to-market strategy, continue reading to find how can you start your own software company.
Start your Software Company Today!
Yes, you read it right. It is that simple to start the software company that you can do it today! You just need to be sure enough to come up with an innovative product to act as a software. And if you already have a magnificent idea then go on, you are on the right path.
Let’s start it with the very beginning. If you have completed your degree with relevant computer science and technology field, then you already are moving in the right direction, but if not then it is no big deal, many of the top billionaires have dropped out of the college and did an excellent job as well.
- Step one is to gain enough knowledge of programming and business expertise. You can also start working for a software company which will give you some basic understanding of the team management and product development skills.
- You are about to plant the seed for your software company! Next, you need to do some market research and then come up with an innovative and effective software to solve the problem of users/customers, and yes you are done to launch your software.
- However, the task is still not complete yet; now, you need to protect your idea by filling in the copyright, trademarks and required patents, followed by the formulation of the business plan for your product. At this moment, you also need to do the legal work (for instance, finding the shareholders, partnerships, etc.) and finally get some funds. Now, you are ready to get your own team of testers (to test your products and software), developers (to develop and deploy software programs) and also now you can purchase the required assets for your company.
Last but not the least, the marketing makes all the difference, so get out to the world the market your product now. Also, we know that change is the key which drives the technology, so you need to keep updating your software as according to the user needs and then no one can stop you from gaining those profits.