Do you want to start your own IT company then read this blog completely, I am sure after completing this blog you will be clear on whether you should start your own IT company or not.
First of all, you must be thinking that why should we believe this, then let me tell you one thing I am not writing all this without thinking. I’ve done the homework for this thing in my life.
So let’s start
If you are a computer science engineer
Do you like programming do you enjoy coding and you are very good at coding? Then you should not start your own IT company because it will not happen as you are thinking because to start an IT company you have to do more than programming, like company registration, documentation, office rent, employee Payout, system bill, and much more and trust me, while doing all this, your talent of programming will be lost in all this.
What if we have a team?
So let’s go to the team. So if you have a very good team which is perfect in their work then you can think of starting a company. But even on this, we have to look at some things because the team makes things easy, but things get bad in the middle of the team. Teams build slowly but break up in a matter of moments.
So if you have a team you can open a company because the company means 👇
a voluntary association of persons who have come together for carrying on some business and sharing the profits
But before starting all this, instead of making promises, it will be good if you sign the documents because when you are in the initial stage then there is no problem but when your company gets big or the company is not able to run then between the team The battle begins.
Investment
This is a question where everyone gets stuck because you must have one of these two reasons to start a company.
- You want to make some profit
- You have a dream to open a company
Both these reasons are because you do not have that much money but you want to earn.
So here you will have 3 routes.
- You just put equal money on the company
- Build a model for your business plan and find an investor
- You can also consider a business loan
But I will give you some advice that you should not use the 3rd option because if there is some loss in your company in starting, then you will have no other way left, and you will have to close the company.
But if you do not use the third option, then if there is any loss in your company after some time in starting, then you can correct it by taking a loan.
Hard work
It seems that doing a job takes more effort, but it is not so, even in a job one has to work from 9 to 6 o’clock but there is no time to do business. In the beginning, you will have to work hard day and night, and you will not even get enough sleep. You have to work day and night, and the employee has to get it done because the salary has to be paid too.
If you can work so hard, then only open your own company, otherwise, you should not open your own company.
So now I hope that now you are clear whether you should open your own IT company or not and if you open your own IT company then what are the things to be taken care of.
Collaborating with WhiteCodel 🤝
If you are starting your own company and have a low budget to hire developers, you can hire students from our whitecodel for internships, so that you can get low-pay work at whitecodel, we Teach students so that you have good developers available.