CIOZone.com - Professional Network for CIOs and IT Professionals

1. 09-25-2008 21:24

The key is knowing your financial capability to support the business until your plans timing targets breakeven and then positive cashflow. 
 
Can your product (whatever it is) make that hurdle to breakeven and positive cashflow within the timeframe of your financing ? Evaluate these two critical questions before you do anything else.

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2. 09-26-2008 04:06

Dear John Stevenson thanks to your valuable comments. 
 
It’s true when you are planning to start a company with out customers. You need to plan for your BEP. Because so many fixed expenses will be there, and atleast you need plan your budget for 1 or 2yrs depends on your product time frame and ability to put forward to market and reach the BEP and positive financial flow. 
 
Regards, 
Suresh N

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3. 09-30-2008 19:43

I agree, I also have known individuals who relied on their tech skills only and their companies did not last long. 
 
I also agree that compared to other types of start-ups, an IT firm is relatively easier to initiate, especially service-related IT firms. However, the start-up time saved should be used to spend ample time determining target markets and your marketing plan/personas. Everything is secondary if you do not have income/customers. 
 
A recent book I read has been very insightful regarding this: Tuned In. Check it out and let me know what you think.

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4. 11-05-2009 06:01

can you give me the details

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