Starting a Start-up Things to consider

Introduction

This is an introductory blog on what needs to be considered when setting up an IT-based start-up company. This blog will briefly mention different stages in the Software Engineering lifecycle and will mention what needs to be considered during these stages. This blog series will go into detail into what, how and why certain approaches are preferable. This blog series will also attempt to answer disputed concepts such as the most effective approaches and what the industry-leading companies are currently doing.

Expand your horizon

Setting up an IT-based start-up can be extremely exciting and complex. There is a lot to consider, a lot to do and a lot that can go wrong. As such, it’s vital to know what to look out for, have a  historical knowledge of the field in which your diving into and most importantly a rough understanding of how to implement your goals.

What’s your objective ?

When beginning a start-up, the question that your product/business should be able to answer in a short concise sentence is, what is your objective? The ability to solve a real-world problem or to improve an existing solution is a good place to start. Understand a problem and propose a solution.

Division of labour

Unionising a diverse skilled team is extremely advantageous as mentioned by the late great Economist Adam Smith “It is the great multiplication of the productions of all the different arts, in consequence of the division of labour, which occasions, in a well-governed society, that universal opulence which extends itself to the lowest ranks of the people”. As such, it’s necessary to be able to correctly distribute resource (team members) to best maximize efficiency. However, it’s a lot easier said than done. 50% of companies fail outright in meeting their expectation while 12.5% of companies successfully implement their expectation as mentioned in an article by Forbes.

Methodologies

Ruminate a strategy to effectively and efficiently build a real working solution. Fortunately for us, guidelines have already been put in place, known as Software Engineering Methodologies. A Software Engineering methodology is a framework that is used to structure, plan, and control the process of developing an IT solution. Depending on the type of work that your business will be involved in, the methodology used will differ. This blog series will discuss the different methodologies in detail covering each of their pros and cons.

Tools and Process

Selecting the technology to be used in assisting the processes and documentation handling is crucial (I will cover this topic separately in a blog). The amount of Opensource (freely available technology) technologies out there is overwhelming, but at times too many options can be negative.

Software Development

The choice of development technology including the database selection should be considered cautiously. Two points to be considered is the expertise of the developers and the amount of documentation/ popularity of the development technology. The more established programming languages tend to be more popular. Ensure rigorous research is done to avoid repeating code. Use libraries if available and always contribute to opensource technologies whenever possible. Help the development community by contributing to online forums such as Stack Overflow (An online forum), ask questions when needed, expose  Application Protocol Interface (APIs) and make videos for beginners to provide visual imagery.

Testing

Conducting multiple types of tests by using different testing strategies and techniques decreases the chance of errors. Depending on the technology, methodology and circumstances how the tests are implemented may vary. Luck for us, there are so many variations of testing methods that exist that there is likely a method that you may be able to utilize in any given situation.

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