I am usually just a lurker but I HAD to reply to this.
1. For ANY business, cash flow is the critical. Be stingy while spending. You
could rent comps rather than buy. You need not have a fancy office in the
beginning. Always have cash equivalent to 2-3 months of expenses in the bank.
2. Get good people to work with.
3. Keep thinking on how you can give more value for money to the client. This
is for throughout your career.
4. Personally recommend having at least a few years of work ex as most business
will be vary of trying out freshers for business critical stuff.
Also recommend reading up basics of mkting, strategy. Remember that 99% of
startups fail - plan around this.
5. You can be in a niche area and charge premium or get into LAMP kind of stuff
which is low billing but high volume.
6. Entrepreneurship is more of a marathon and not a sprint. Keep this in mind
while preparing. Staying power makes the difference in building an org.
Thanks,
kc
--
K. C. Ramakrishna
www.rknowsys.com
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