Eric Sink on Starting Your Own Software Company

prostoalex writes "The topic of starting your own software company was recently brought up on Ask Slashdot as a way to fight current employment trends. Eric Sink from SourceGear, who shared his software company-building experience before has written a new article published on MSDN. Getting started with your own software company suggests several simple steps to evaluate your abilities, count your estimated expenses and then start the software company, if the idea still seems feasible."

Comments

Good advice

[glinden]

Some excellent advice in that article. What I thought were the key points:

• Ideas are worthless
  It's all about execution. The idea by itself is worth nothing.
• Know Yourself
  Are you really prepared to do what it takes to force this company to succeed?
• Understand the business
  You may not need a business plan, but you need to understand your product, competitors, and where your cash will be going during the first several quarters.
• Seed capital
  Initial financing is difficult to acquire for a risky new startup and, even if you do find it, you'll end up working with little or no salary for the first several months.
  

A startup can be rewarding, but risky, difficult, and challenging. If you're going this route, be prepared for the difficulties and determined to make it succeed.