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Business Strategy for Software Executives |
August 25, 2008 |
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Growing a Software Company on a ShoestringThe founder of Lambent Technologies shares his strategies for establishing and growing a company on a very limited budget.By Shashikant Chaudhary, GlobalLogic In 1987, I started a consulting business and also began teaching at the Y C College of Engineering in Nagpur, the geographical center of India. But I had always wanted to do something on my own. But where to start? And more importantly, where would the startup capital come from? Fast forward to 2006. My company was acquired by IndusLogic (now GlobalLogic) after 10 years of growth and success. Looking back, I see four key factors that entrepreneurs should follow when they start to develop a software company on a shoestring budget.
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The Starting Salary Game
Delivering Services Around SaaS
Publish Your Perspective!SandHill.com wants your opinions. Send your thoughts on the enterprise software industry to SandHill.com editor, Maryann Jones Thompson (maryann@sandhill.com) and have your opinions published on our site. DON’T MISS: Organizing for ValueThe division structure can mask big differences in the performance of smaller units. A finer-grained approach can better show where value comes from. Read more about this organizational structure in this article from The McKinsey Quarterly. News Update: Jockeying for PositionEllison moves into the cloud; plus Big Blue is deep green, Oracle’s future is cloudy and Red Hat and Novell thrive. Read these stories and more software news of the week in the latest SandHill.com Software News Summary. Poll: No. 1 Shoestring Management Problem?What is the hardest part of starting a software company on a shoestring? Last week, readers gave us their opinion the most important driver in the “New Age of Innovation.” More at SandHill.com:Appeals court upholds Sarbanes-Oxley Act. Trilliant received $40 million. Salesforce.com paid $31.5 million for Instranet. Astadia named Patrick M. Henn Chief Financial Officer. Send us your feedback on this newsletter and the SandHill.com site. Parting Thought“The entrepreneur builds an enterprise; the technician builds a job.” Courtesy of Malcolm Kusher, The Kushner Group |
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