Success factors in creating a new company in IT sphere

Beautifully “pack” a new project

To the packaging set of IT business we include:

• name and logo of the company;

• Corporate website;

• pages on social networks (Facebook, Linkedin);

• pages in specialized directories;

• accounts on exchanges like Upwork;

• file with company presentation;

• file with company technologies.

Life hack. Since the company does not yet have its own cases, this can be compensated for by the founders in the first sales. For example, if they participated in the development of other projects, then their description can be used without disclosing the full information of the previous one. Organize a constant flow of funds

The "living wage" of your business should cover the basic needs of the company. It can be organized in various ways:

• upsell of previous customers;

• long-term project management;

• Subcontracting with large companies (when a large company has a project, but it is too small for it, it will be a gold mine for you).

Such actions will help reduce the risk of unpredictable expenses and increase debts, allow you to calmly rent an office and recruit employees.

Hire people wisely

First, at the stage of creating a company, collaborate with developers on a part-time basis or with a project payment, rather than hiring a full-time full-time staff. If you have friends, developers, you can use their help on mutually beneficial conditions (if not, then think about making such acquaintances in the future). Secondly, hire good sellers. You need to start making profits as quickly as possible. If you already have 5-7 developers for outsourcing and you organized their work, then you need to instantly increase sales. More information here - https://en.wikipedia.org/wiki/Holding_company