Beginning your own offshore software company could be overwhelming. Nevertheless, with the right passion and knowledge for this business, you could turn your dreams to reality. As an offshore software service provider, your main services would be in developing different kinds of software for a client located in a different country. These days, there are lots of companies who are willing to pay an amount for a software system. The reason why plenty of companies prefer to outsource today is the high cost of hiring local services.
To begin the business plan for your offshore software company, you have to do a thorough research to analyze the situation of the market. If you could determine the viability of your business, then you are likely to succeed. Through market analysis, you will be able to determine your competition and find ways to compete with other companies. Moreover, the right location is highly important and you will need a building you could either buy or lease.
Looking for competent developers is a major task but as long as you have set your qualifications and standards you could find the best human capital. The building that you should buy or lease should be properly equipped and should contain all the necessary fixtures and furniture. You also have to take into consideration the business license, phone lines, utilities and internet and should be accomplished in advance. Your business plan could guide you through it all, so it is considered a must-have before you begin work on the different aspects of your business. Most importantly, you yourself should have ample knowledge regarding software development to understand the entire process. It would be to your advantage if you have a background in business management. Remember that funding is also very important, thus you could use your business plan to get a business loan.
With your offshore software service business, you will basically need the following:
- Cheap labor, where you could afford to pay bonuses and higher wages due to the lower labor cost.
- Many talents with a good level of tertiary education and several graduates. You could hire junior developers and train them based on your needs and philosophies in software development.
- Good infrastructure such as buildings, internet, transportation and everything that your company could possibly need.
Your offshore software company services should be flexible enough to meet the specific requirements of your clients. A good way to jumpstart your business is to put up advertisements online for your new business. Keep in mind that you would be working with a business partner located outside your own country, thus you should make it a point to find out the culture and preferences of your client.