20 October 2022 | Noor Khan
Software is big business, according to Statista, there were over 25,000 Saas companies in the world. Organisations across the world are investing in digital transformation with the adoption of software. Do you want to capitalize on this movement towards technology adoption? Do you have a winning idea for a start-up? Are you looking to bring a software product to the market as your offering? If the answer to these questions is a yes, and you are not a software developer, there is lots for you to explore before launching into software development.
The failure rate of start-ups is overwhelmingly high. Therefore, creating a product that In this article, we will look at custom software development for start-ups and what you need to know to beat the odds and make your start-up a success.
You may have a great idea but is there a gap in the market? There are thousands of software companies in the world, how does your product differ? You will need to ensure that your product is unique enough to fill a gap in the market, yet relevant enough to target a large enough potential customer base. If you are bringing something new to the market, then you will need expert technical skills to bring it to successful completion.
Competitor analysis is a key part of the initial pre-starting up process. Finding out what your competitor is exceeding at and where they lack can help you become a success. Your software does not have to be completely unique, however, it needs to offer something better to the potential customer, this can be several factors such as:
There may be world-leading technologies that are commonly known however they will not be suitable for every person. You have to find your target market and offer better value to them.
More than likely you are an entrepreneur with minimal software development knowledge. You do not have to be an expert software developer to make your start-up a success. However, you do have to hire the right people to do the job. Working with a third party to outsource your custom software development can provide several benefits including:
Read about choosing the right software development provider.
Choosing the right technology for your software is key. Make sure to carry out research into the right technologies for your software and seek expert advice on making the right decision that will future-proof your software. If you are looking to build a mobile app then you will have to decide between going for the cross-platform or native development approach. Cross-platform is usually cheaper to build and maintain and is quicker to develop therefore you can speed up go to market. Alternatively, Native can be costly and take longer to develop but it can provide better flexibility and functionality.
Additionally, it might be worth considering finding out what technologies are used to build some of the software in your competitive market. Currently, Angular 12 is the latest version of the software used for front-end development. How will that impact your application over time? Is Angular the best option for your front-end development? It is best to seek expert advice and guidance to improve the longevity of your software.
As a start-up, you want the ability to scale up your business and quickly, the same applies to software. If your software is built with scalability in mind. Ensure you are using the right technologies, infrastructure and approach to ensure your software is scalable. Ensure that you can optimise the performance of your software and mitigate the risk of errors such as slow performance and issues with bugs.
Maintenance and support of your software is also a key consideration when you are developing custom software for your start-up. Many start-ups will scale up and then sell their offering. If this is something that you are looking to do then you may have a better position to sell if you can direct the buyer to the maintenance and support team for the software. The people that build your software, if done well will be the best people to maintain and support it. Therefore, if you are outsourcing your custom software development, consider long-term engagement to ensure your software is always improving and being optimised to maximise your ROI.
Ardent’s highly skilled and experienced engineers can bring your vision to life to build software that will help you beat the odds and make your start-up a success. Our engineers are proficient in world-leading software development technologies and will deliver a software product that is scalable, secure and future-proof. If you have a great idea and need the technical skills to bring it to the market, get in touch to find out how we can help.
Digital transformation is the process of modernizing and digitating business processes with technology that can offer a plethora of benefits including reducing long-term costs, improving productivity and streamlining processes. Despite the benefits, research by McKinsey & Company has found that around 70% of digital transformation projects fail, largely down to employee resistance. If you are [...]
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