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How to Start a Software Company

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How to Start a Software Company 1
How to Start a Software Company 2
Software Ebook 

The information technology and software industries  has been a major contributor to the country’s progressive economic performance in the last couple of years. Top international organizations now are also keen to cash in on the lower expenses and the well trained workforce.
Legal procedures involved in starting a software company

To start with, a start-up software company should focus on the pre-registration process. They should also procure the following from relevant government offices:

  • Direct Identification Numbers
  • Reservation of company name
  • Electronic signatures
While applying for incorporation a software company needs to first identify its directors. The number of directors should not be lesser than 2 and more than 8.

In case the directors do not possess Directors Identification Numbers (DIN) they should apply for the same at the official website of the Union Ministry of Corporate Affairs. 

Any one of the following documents can be submitted as an identity proof while applying for a DIN:

  • PAN Card
  • Passport
  • Driving License
  • Voters ID Card
The applicants can also furnish any one of the below mentioned documents as residence proof while making this application:

  • Driving license
  • Ration card
  • Passport
  • Electricity bill
  • Voter ID card
  • Bank statement
  • Telephone bill
These processes are normally completed in lieu of fees. After the process of getting a DIN is complete the company has to make an application for securing a name for the company.

There are 5-6 possible names from which a company can choose. The additional names come in handy when the most preferred name is not available. 

The application for procuring a name has to be done online. The prospective owners need to visit the official website of the government and then download the Form 1A and fill it up. 
This is followed by the application for incorporation.

While applying for this purpose the owners need to come up with a Memorandum of Association that will have the names of the company’s first directors and its operation.

This application and the Form 1A should be submitted online at the official website of the concerned governmental department. Once the approval for incorporation comes the owners should print a minimum of 10-15 copies of the same and keep them as booklets. 

Otherwise, once the name registration is completed, the owners can authenticate every document from a bank and then take them to the Registrar of Companies.

The Registrar will undertake the process of formal incorporation of the concerned company. The owners should also procure a tax account number from the regional Income Tax Department. Registration can also be done through chartered accountants. 

After the company has been formally incorporated, the owners should open a current account at a well known bank for carrying out their operations. In order to open the bank account, the owners will have to furnish copies of their Memorandum of Association and Certificate of Incorporation. 
How to Start a Software Company 3
  • Programming 
Steps involved in opening a new software company

1. Creating a business plans

The entrepreneurs need to come up with two versions of a business plan – a detailed one and a customized one. The detailed plan will be used by the owners and the shorter version will be used to generate capital.

The business plan needs to be flexible as most of the times things do not go according to it.

2. Determining the type of business

The owners of a software company need to consider several factors before they start operations:

  • Type of products and services on offer
  • Profitability and feasibility
  • Target market
Ideally the software entrepreneurs need to consider the following options before they make a choice:

They should target a niche market as the competition in the established and saturated ones is pretty fierce
They are required to focus on using new channels for distribution that provide solutions in a more effective manner
They are supposed to provide new, better and economical solutions – otherwise customers may not be interested in buying the products

3. Products

The owners need to come up with a beta version of their product. Once a full fledged product is developed it should be protected through copyrights, patents, and trademarks. 
They should also use the web space to promote their product.

They can start by creating a website and then providing an online demo of their software. Social media platforms such as Facebook and Twitter should also be used for purposes of promotion, providing information on new offers, and gaining feedback. 

4. Finances

Avenues such as angel investors, venture capital funds and events like proto.in can be explored for securing the start-up capital. 

5. Obtaining a STPI licenses

The STPI licenses are meant exclusively for new software companies operating in India and provide them with several benefits like zero taxes for 5 years and no export or import duty for hardware and software products.

These license holders can also avail office spaces at lower than usual rates. 

6. Suitable office spaces

When opening a software company, the owners should look for suitable office spaces. Ideally, a location that has the most appropriate infrastructural facilities such as consistent internet connection and internet availability should be chosen. 
To start with, the entrepreneurs can also look at making the minimum possible investment in securing the office premises.

The office space can be rented or leased and second hand computers and furniture can be used to start the operations. They can also avail open source software that will help in minimizing the costs. 

Importance of start-up teams and advisory boards.

The owners need to find like minded people who are willing to participate in their business. They should share similar levels of enthusiasm, in addition to skill and knowledge.

These collaborations are also helpful in providing distribution and marketing channels for the products and offering integrated solutions for users. 

Ideally the advisory team should comprise technology enthusiasts, marketing professionals and design experts along with experienced industry professionals who can provide valuable advice. 
7. Recruitment process

Once the company is up and running, the owners should focus on the recruitment process. India has an abundance of well trained professionals especially in the domain of software technology. 
However, the companies need to guard against over enthusiasm and choose their employees with care as in the end their success is going to help the organization achieve its objectives.

The owners should also remember that the best person for a job should be recruited even if that means paying that individual more than themselves. 

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1 Comment

1 Comment

  1. Lonny Ocallahan

    May 19, 2019 at 1:56 pm

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Successful Tips Business Owners Should Learn From Young Entreprenuer Johnmiracle Ejikeme

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Successful Tips Business Owners Should Learn From Young Entreprenuer Johnmiracle Ejikeme

Johnmiracle Ejikeme

history goes back more than 5 months.

The founding father of Mitrobe and a Active promoter of Wadtech Enterprises, a fast growing business network in Nigeria which is base in Wilberforce Island of Niger Delta University.

Even though he is not so rich as people imagine him to be. it’s rumored that he still a University students of the above University mentioned.

Also that he still buys second-hand clothes which may be true as he grew up in impoverishment and loves to live a FRUGAL lifestyle

The young business owner have successfully created a way of making money from home and also as a student, by starting is own business ranging from blogging, e-commerce, rendering services, affiliate, and others too numerous to mention.

However, he’s developed a way to display and showcase products, render services that bring a better consumer experience.

Johnmiracle Ejikeme reportedly has a technique for selling their products, services, and goods in a way that offers the consumer a great experience,

and this is a method that other businesses should implement by incorporating this in their sales plans.

Business owners will increase their revenue and consumer Platform if they follow these tips.

The additional revenue generated is the result of a “side hustle with extra revenue generated” as it opens more opportunities for growth.

Wal-Mart and Target stores are examples of this strategy in the “side hustle” ROI for companies. In their grocery food markets they sell their own brand-named foods.

How Johnmiracle Ejikeme creates a unique consumer experience?

Diversifying is key for the future of any business.

Increasing a company’s profitability is part of any business’ future.

In other words, profitability is in diversifying the business

In the case of Johnmiracle Ejikeme , many people request for his services but online and offline.

At least 30% of consumers who go to Johnmiracle Ejikeme me are there to experience quality services as and we’ll integrity and that fits well with every successfull business.

When in need of services for Advertising, marketing, business coaching or basic eCommerce, taking idea from Johnmiracle Ejikeme is recommendable.

johnmiracle Ejikeme aims of giving customers best user experience has been the key to his secret success in business.

And it was confirmed by the positive reactions from 10,000 thousand people in countries worldwide, visiting his site Mitrobe for easy tips and guide.

In fact, this concept inspired the “pop up” bloggers in INDIA including USA, Pakistan, and Nigeria.

This trend in online and offline business strategy is unique and gives an ultra-consumer experience for anyone wanting to shop and seek quality articles all in the same place.

Initially, this type of business experience proved uneffective when it began, where the users of his website and online stores originally where not used to the system.

When you blend blogging, e-commerce and public services for your business, aiming at been more resourceful and productive to the public rather than income generation, you can achieve the johnmiracle Ejikeme experience.

Johnmiracle Ejikeme blogging business Mitrobe includes guides for it users to enjoy along with their shopping experience.

The menu includes quality articles on Business management, Finance, E-commerce, Leads and Sales generation, Innovation and creating a side hustle from home.

It also covers lifestyle, motivational tips, and as well as wealth creation for it users.

How Johnmiracle Ejikeme showcases his products?

Johnmiracle Ejikeme showcases his products in a strategic way.

The Johnmiracle Ejikeme firm pays close attention to controlling the prices and the details of his product and services.

This is how Johnmiracle Ejikeme showcases its products using their successfull business strategy outreach which is the key to the company’s success.

Johnmiracle Ejikeme store, has shopping carts for small items, and make it possessive for users to pay for good and services worldwide with ease.

That seems to be a great deal for customers satisfaction. In other words, customers have an easy “self-serve” place to shop.

The customers are directed to get the products on site and pay and also get additional free quality articles guide.

Johnmiracle Ejikeme Business success

Why Johnmiracle Ejikeme sometimes sells dreams and not products?

Selling a dream is basically selling the idea of how to market your products.

Once you do this, and follow through, everything else falls into place.

Therefore, it’s true to say that Johnmiracle Ejikeme does, sometimes, sell a dream.

Looking at it from another perspective, been able to teach people, guide newbies and giving them guarantees attention and reach, bonus and free offers, sometimes worth it.

Why Johnmiracle Ejikeme now expands and sales various items of different category.

It all goes down to business expansion, If you see a hot item, then the items around it are mainly for “looks.”

Therefore, the need to expand a business arises to try to meet the unlimited need of customers.

Just like the story of Amazon, which start in a garage before expanding as it grows.

The purpose is for you to be able to have products of various needs of your customers to be able to retain them.

Finally, when the founder began this company Mitrobe, he probably never thought it would grow and help so many businesses when they follow his lead.

We are dedicated to BIG TIPS to help you get things done more efficiently.

You will master how to do everything in a bigger way and live smarter.

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Business ideas

How to make Google Index your New Article Faster | Pingomatic

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How to let Google Index your New Article Faster

Google is not indexing my site faster, that has been the problem of most newbie bloggers.

Here in this article am going to show you how to make Google index your newly published articles faster.

Do you know that the best way to get your article index quickly is by sending pings to Google and other search engines.

What is a Ping?

Pinging is the process of sending
notifications to search engines to tell them that your blog or website has been updated and has to be re-crawled.

In SEO, pinging means to tell search
engines about your newly created
backlinks so that they are crawled and
are counted.

So how do you send pings?

A tool like Pingomatic saves you the
trouble of submitting these notifications
to all the different directories as it helps you to submit your link to a bunch of different of directories at once.

What is Pingomatic and How can it let Google Index My site

Pingomatic is an online tool that helps index post published faster into search engine query,

by sending pings to search engines which let Google bots know that you have a new article or you have updated your blog and it should index it.

Pingomatic also send pings links to other directories like, Bing, Yandex, My Yahoo, Collecta, etc.

This tool is used by accepted by many top bloggers to index their blog links faster, especially whenever a new article is been published.

Most of the bloggers I know recommend Pingomatic as an essential tool to ping links.

Earlier, I was confused with the pinging mechanism, I don’t feel any need of using pinging service.

Because my business site links automatically get crawled and index by the search engines.

But I came to discover that there are many cases in which indexing takes longer than the standard time duration.

So to reduce this time span between publishing and indexing a blog post, you can use the ping service like Pingomatic.

Pingomatic What does it this Tool Really Do?

The Pingomatic sends multiple ping requests at a time to different directories and search engines.

Thus, it updates them about the blog update.

If you are running a news portal where you need to publish frequently, Pingomatic becomes handy to send manual pings to major search engines.

How to send Pings with Pingomatic?

Using this tool is very simple, Here is the outline step by step procedures on how to send your first ping to Google for indexing and other directories using pingomatic tool.

  • First of all, head over to Pingomatic In the Blog Name , write the title of the post
  • Next in the Blog Home Page section, put the URL of the new pjblished post without having an HTTP:// or Https://

    Pingomatic

  • Click on the Check all in Common Services to select all the services in the list and finally hit the “ Send
    Pings ” button to send a ping request to all registered services in one go.

    WARNING!!!

    Avoid sending pings or using Pingomatic tool, when you don’t have a new published post.

    Here is the kind of response they will send to you.

    Google index

    Google Index | can Pingomatic do the job

    Yes and No.

    A ping doesn’t directly improve your
    rankings, but it does alert the search
    engines of the existence of your webpage
    link so that your page can be crawled.

    So if you have published something new
    or have just updated an article, you can
    get Google (or another search engine) to
    re-crawl your page faster.

    When they do, your rankings may
    improve.

    However, if you have authoritative and
    legit links, then you likely don’t need to
    ping – search engines will easily find your links without you needing to do anything.

    Why you should use Pingomatic

    You can index your links faster than usual, You can also ping your backlinks.

    It has multiple services at one place, so you needn’t go on different sites to ping the lnks.

    It gives expected outcomes most of the times.

    It is trusted by many bloggers and webmasters. Easy to use.

    Here are other useful resources

    6 Best way to drive more website visitors

    How to drive traffic to your site from Google news

    Top 15 SEO strategy you forgot

    Do you find this content useful, Plz use the commetn below to encourage use more, and you can runs cheeses .

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    Business ideas

    How to write a resume in 2019 that will get you an instant job

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    How to write a resume in 2019 that will get you instant job

    A resume provides a summary of your education, work history, credentials, and other accomplishments and skills.

    There are also optional sections, including a resume objective and career summary statement.

    Resumes are the most common document requested of applicants in job applications.

    A resume should be as concise as possible. Typically, a resume is one page long, although sometimes it can be as long as two pages.

    Here is how to write a resume that will land you a job instantly.

    1. First, take notes on your work experience – both paid and unpaid, full time and part-time. Write down your responsibilities, job title and company information, including everything.

    2. Take notes on your education. Includes degree or Certificates, major or course emphasis, school names, and courses relevant to career objectives.

    3. Take notes on other accomplishments, includes membership in organizations, military services, and any other special accomplishments.

    4. From the notes, choose which skills are transferable (similar skills) to the job you are applying for – these are the most important points for your resume.

    5. Begin resume by writing your full name, address, telephone number, fax and email at hope to obtain.

    6. Write an objective. The objective is a short sentence describing what type of work you hope to obtain.

    7. Begin work experience with your most recent jobs include the company specifics and your responsibilities – focus on the skills you have identified as transferable.

    8. Continue to list all of your work experience jobs by job progressing backward in time. Remember to focus on a transferable skill.

    9. Summarize your education, including important facts (degree type, specific courses studied) that apply to the job you are applying for.

    10. Include other relevant information such as languages spoken, computer programming knowledge, etc. under the heading Additional Skills.

    11. Finish with the phrase: REFERENCES available upon request.

    12. Your entire resume should ideally not be any longer than one page. If you have had several years of experiences specific to the job you are applying for, two pages are also acceptable.

    13. Spacing: ADDRESS (center of the page in bold) OBJECTIVE double space EXPERIENCE double space EDUCATION double space ADDITIONAL SKILLS double space REFERENCE left-align everything except name/address.

    Resume Tips

  • Use dynamic action verbs such as accomplished: collaborated, encouraged, established, facilitated, founded, managed, etc.
  • Do not use the subject T, use tenses in the past. Except for your present job. Example: Conducted routine inspections of on-site equipment.
  • How to write a resume in 2019 that will get you instant job

    (more…)

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