Common mistakes when starting your own Software Development Company – Part II
As promised, today we are going to continue with the list of mistakes commonly made by young entrepreneurs when starting their own software development company. Let’s jump right in and not waste time because, you know, time is code.
This one goes hand in hand with another mistake that I have mentioned in my earlier post which is hiring based solely on experience. Like I’ve said earlier, you need to also see why is someone attracted to software development, what drives him.
Besides all this, you need to keep in mind that software development is first and foremost, teamwork and personality plays a huge role into all of this. You don’t want to hire a loner, even if his records are impressive. Agile software development is all about solving every problem as a team. Also, introverts can easily become outcasts. This usually leads to arguments and drama.
Choosing the wrong Partners
Choosing the wrong partners is one of the worst things that you can do business-wise. First of all, you don’t “have to” have partners. If you are not sure about someone, don’t risk it. Your business always comes first and anything that could have a negative impact should be removed from the get-go.
And another thing, even if you are 100% sure about your partners (which you should be) it’s still best to always have a way out. If there is something that I’ve learned over the years is that when there is money involved, anything is possible.
Not knowing what your team is capable of
Before embarking on any project, make sure you know your team’s capabilities. Nobody likes extended deadlines, trust me on this. Furthermore, this is a surefire way to lose your clients and eventually, your business. Losing clients is the single most destructive thing that can happen to a startup.
Also, your team’s deadlines should always be shorter than the ones you get from your clients. This way, even if something comes up, you will have more time to get the job done right.
If you avoid making these common mistakes when starting your own software development company, you should only worry about how to expand it. Stay tuned, we will also cover this in future posts. Until then, feel free to leave any comments below.