This is for all the idea-geeks out there who’ve been wanting to launch that brilliant, innovative, new, fresh web 2.0 application, design agency or development company but got stuck where 90% of the people do. Funding.
So here’s 5 simple steps that have done magic for our company.1. Don’t be afraid.Statistics say 90% of the people prefer a smaller but safe income than try something on their own. Statistics also say that 50% of the businesses get flushed out the toilet. So I guess that fear is justified, ha? Well, if you ask me, it isn’t. How do you know you’re business isn’t going to work if you don’t start one. Go ahead. Work on your smart idea. Make a business plan. Focus on what you have to do rather than what you’d like to do. Compromise.
2. Get money in.You’d like to invest some money but you don’t have them, ha? No problem. Our days, all it takes is a website and a few referrals to get you rolling. Build that nifty presentation website. Print your short and clear business plan. Talk to your parents, friends, colleagues. See if they’re interested in joining you on your new adventure.
After you have some money in, say… 500 dollars, start looking for web design clients (people/companies that need websites). You don’t know how to build websites? No problem, we’ll get to that part too. Bid on freelancing websites. Post announcements in the newspaper. Do everything you can to get that first client. The rest will follow.
Ok, so after you get that first web design client, how do you build his website? Well, outsourcing. Find a Romanian, Indian, whatever company that will build it, for a lot less money you’re going to get from the client, I can assure you. You’ll see that the 500 dollars you spend on outsourcing will triple after your first project. Nice, ha?
4. Don’t spend what you earnWorking with outsourcing companies brings you a big advantage: you don’t have any expenses. No programmers/designers to pay, no office rent, nothing. Just pure profit.
Raise the money for that nifty web 2.0 application or whatever project you want to launch. When you think you have enough, outsource the project. Get the same company that has worked for your clients’ projects work for you now.
5. And if you only want an IT company that builds websites, creates web, desktop or mobile apps……stick to outsourcing. Get a good western Project Manager that will be the interface between your Company and your Clients. Take advantage of the internet and develop all your projects with Outsourcing Companies. It’s the best thing an IT Company can do.
That’s about it. I’m sure it doesn’t answer all your questions, and it’s possible that you don’t agree with this strategy, but Comments are open
About the Author:
Emi Gal is a young and enthuziastic Romanian entrepreneur, programmer and mathematician. He currently runs Brainient, a software company located in Romania, with representatives in France and UK. For more details check http://www.brainient.com.
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