More than the dollar signs, with the popularization of technology, more and more people and companies are looking for solutions for their daily lives through the use of software and applications.
Thus, it is not for nothing that the market has been growing and creating good opportunities especially for those who want to undertake. For anyone who is a software developer and has an entrepreneurial profile, starting your software development company can be a good deal.
One of the main advantages of this business model is that it is possible to start working at home or even in a shared space, saving commercial rental costs, among others. Although it is possible to start a software development company by investing very little, this does not mean that the entrepreneur does not need to plan.
Knowing the answer to some initial questions is critical to starting your business. And, to help you with that, we have prepared a special post! Check out!
How do I start planning?
As much as you know the market and its potential customers, before setting up any company an entrepreneur must invest in a business plan.
Putting your idea on paper helps answer basic questions, as well as avoiding failures that can be costly once you open your company. So invest time and do a lot of research before you even formalize your company.
Source: https://marketersmedia.com/enterprise-software-industry-trends-global-analysis-with-focus-on-opportunities-sales-revenue-comprehensive-plans-growth-potential-forecast-2018-2023/470688
A business plan is nothing more than a document that helps you to check the viability of your business. It serves to answer questions such as who your target audience is, how to monetize your business, who your partners and competitors are, what are the differentials you offer, among others.
The assembly of a business plan helps you to undertake more securely, ensuring more clarity about who you want to be in the market and what are strategies you will adopt to make your business successful.
A business plan will also help you to define which type of company is best for you, which tax regime may be more advantageous.
Need to put together a business plan, but don’t know where to start? Check out our step by step
Choose the best type of company for your business
After setting up your business plan and having more clarity about your future company, it is time to choose the best type, that is, the most appropriate corporate model for your business.
If you want to start working alone in a leaner structure, it is possible to frame your software development company as an Individual Entrepreneur, or Individual Entrepreneur with Unlimited Liability, or even a Microenterprise. If you decide to undertake with partners, a good tip may be the Limited Partnership.
A common question for many programmers is whether they can formalize their business as a Microenterprise. Although there are some initiatives to include this activity on the list, as a rule, programmers cannot yet formalize themselves in this way.
To choose the best type of company for your business, the ideal is to count on the help of an accountant. As there is no single recipe for choosing the type of company, the ideal is to talk to a specialist who knows all the issues to give you more precise guidance.
What is the most advantageous tax regime?
Choosing the best type of company is not just a formality. It is also a strategic issue. This is because the choice of the type of company directly interferes with the tax regime. And, as every entrepreneur knows, this will be one of the great burdens of your business!
The choice of the ideal tax regime implies fewer tax expenses and consequently an optimization of your billing. So choosing right from the start is not a superficial issue.
Do I need an accountant?
This is a frequently asked question by several entrepreneurs who are just starting out. Many have doubts and at the same time are afraid to invest in accounting services. However, to answer this question more assertively, it is necessary to eliminate some previous concepts.
Contrary to what many entrepreneurs believe, an accountant is not just a professional who performs activities related to bookkeeping or organizes a company’s tax collection. Today he has a fundamental role in strategic issues and can assist the entrepreneur in his decision-making process.
In addition, there are several models of accounting services. Online accounting, for example, is a type of service that can automate the services of the accountant, giving the client greater autonomy, at a much more affordable cost.
The final decision on whether to hire an accountant or not when opening your software company is up to the entrepreneur. However, this professional can be a key player when it comes to guiding the entrepreneur to create the best business structure for his project.
We hope this advice was helpful!
Note: The Heraldkeepers News Department was not involved in the creation of this content.
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