“The ideas are simple. Realization is difficult. ” And, I must say, expensive. If you’ve ever tried to create a working software solution from scratch, you know a thing or two about it. Software development costs can indeed seem extremely high for startups.
In fact, the situation is not as hopeless as one might think. There are several ways to reduce the cost of custom software development. We will discuss them in this article.
6 reasonable ways to minimize the cost of software development for a startup to order – Ukraine, Kiev
Provide good planning
You cannot build a building without a planned structure, or go on a journey without a map. Likewise, it would be too risky to develop custom software for startups without a well-prepared business plan. Without experience, you can lose sight of the big picture and important project details that will prevent your startup from succeeding.
First, identify the key goals you want to achieve. Remember financial goals, brand goals, and product goals. When you understand each of them, you can easily prioritize and get to your destination much faster. In addition, a clear plan will help you identify areas where you can reduce your specialized software costs.
Suppose all goals are set. Now the question is how you can track your progress. The answer is to use the right key performance indicators (KPIs) and metrics. They reflect the health of your startup. By analyzing key metrics, you can see if you are on the right track or if your startup’s performance is far from ideal.
So which metric and metrics should you choose? The rule is to focus on the metrics that make sense for your startup. That’s when you get the most meaningful and relevant performance analysis results.
If you don’t know where to start, we recommend starting from the following KPIs:
- Cost of attracting a client;
- The rate of customer churn;
- Value of customers;
- Monthly recurring income;
- Daily active users.
Set clear requirements and contact iTizzi Software Development Company to develop and create a startup in Dnipro, Lviv.
Let’s say you decide to contact a software development company. We will conduct a goal discovery and research session with our experts. This will be a meeting with the software development team to determine your basic business and project requirements.
Based on our experience, we can highlight the following advantages of a goal opening session:
- Potential weaknesses will be identified and high-level solutions to potential problems found.
- You receive an estimate of time and costs along with the project documentation.
- Together with the team, there will be a better understanding of the scope of the project.
- The main functions and user flow for your future application, business, will become clear.
- It helps you build relationships with your software development partner and make sure you make the right choice.
How can you prepare for a startup goal discussion session? Your main task is to determine the key requirements for your future product. This way, you won’t have any difficulty in delivering your project idea to the software company.
Remember that the clearer, simpler your requirements are, the more accurate you will get an estimate of time and costs. An accurate estimate, in turn, will help you figure out how much money you will need for your startup software development project.
We also aim to make communication easy and to make sure that all stakeholders have the same understanding of the project. Otherwise, misinterpretation may lead to incorrect operation.
This is especially true for startups with a limited budget who are wondering how to reduce the cost of developing software for a startup to order – the first stage of collaboration and idea presentation is one of the most important.
Start with MVP – Minimum Viable Product Development.
It is not possible to build all the functionality of your product at once. For this reason, you need to prioritize product features and create an MVP first. The MVP approach is very popular with startups wondering how to lower their software development costs.
The main advantages of building an MVP when developing software for startups:
- Reduction of expenses;
- Shorter time to market a product.
The central meaning of this term is reflected in its name. Minimum Viable Product, or MVP for short, is a product with very basic functionality built to test the feasibility of your business idea. However, this is a working solution that customers can use.
The main benefits of creating an MVP for startups are cost savings and a shorter time to market. Because you are creating a product with limited functionality, it will take less time for the software company to complete it. Consequently, the cost of services will be cheaper. Plus, you’ll be able to introduce your software to potential customers much faster.
Their feedback is very important as it will determine the future of your project. You will find out whether it is worth investing in your business idea or is it better to ditch the entire enterprise. You will also see how your product should be modified to suit your target audience.
Besides MVP, we need to discuss two more terms related to software development. It’s a proof of concept and prototype.
What is so important about them? Both of these terms focus on the functionality of your future product, albeit in different ways.
Proof of Concept (POC) is used to validate a design idea or prove that certain functionality of your product can be improved.
The prototype, in turn, helps to visualize the development of your application, startup site, Odessa. It gives you an overview of its design, layout, and navigation. Thus, we can consider this a breakdown of building a working model.
In other words, a proof of concept proves that some functionality can be built, and a prototype shows how exactly it can be implemented.
Start testing early.
As a rule of thumb, start testing software for startups early in the custom software development cycle. Thus, you will avoid a situation where errors or bugs will accumulate, and you will have to pay extra for reworking the work on the project.
The revision, in turn, will force you to push the release date back, perhaps more than once. As a result, you risk losing your competitive advantage if you launch your product later than your competitors.
At the same time, by doing regular tests, you will be able to identify and fix problems before moving on to other parts of the development of a startup project. This way you reduce the cost of developing applications for your startup, avoiding the need for redesign.
When it comes to testing, one cannot fail to mention the importance of attracting early adopters. The sooner you show your solution to the target audience, the faster it will be improved and turn into a full-fledged product.
Where can you find early adopters of your product? It’s safe to say that social channels work best. So don’t hesitate and refer to Facebook groups. Also, your personal network and various forums will be of great help.
Using the Agile methodology.
There are several methodologies for developing software for startups. The most common approaches are Waterfall and Agile. Our experience in developing Agile projects gives us every right to call it the best option in terms of reducing software development costs, Vinnytsia.
The big advantage of an agile approach is that it always leaves room for change and you can quickly adapt to changes in the market. Developers can add new features or do multiple iterations at each stage of a project’s development. The backlog is adapted to current changes in business requirements, which helps you deliver value much faster.
The huge advantage of Agile is cost-effectiveness. You can significantly reduce your specialized software costs by regularly evaluating your product. You make sure that the software development team for your startup creates only the functionality you need. This way, you avoid overpaying for unnecessary features.
Another advantage of Agile methodology is the early identification of risks. It is much easier to manage individual iterations than to handle the entire project at one point. Any problems that may arise can be identified and resolved at the very beginning, before the need for backtracking may arise.
In summary, Agile improves collaboration between your chosen software company and your organization. As a result, you increase your chances of getting a unique quality software solution on time and on budget.
Hire specialists offering services for the development of startups – Kyiv.
Now is the time to think about a development team that will build software for you from scratch – iTizzi Software Development Company. You can use the services of creating a startup in our company, which has extensive experience in developing software for startups.
This approach allows business owners to build a skillful and experienced team without having to invest in efficiency.
How can startups benefit from outsourcing software development to iTizzi Software Development Company in Eastern Europe? Let’s find out!
When it comes to building a software solution from scratch, experience plays an important role in your future success.
iTizzi Software Development Company can provide you with a full-cycle development team for your startup. It includes developers, UI / UI designers, project managers and QA engineers. All of these professionals have extensive experience in building quality MVPs for startups. They will take into account the specifics of your domain and the problems that your startup may face. Our many years of experience in small business software development has resulted in a proven process that ensures customer satisfaction every time. The result is a unique software solution tailored to your specific business needs.
Focus on business goals
Focus on your core business, improve efficiency and competitiveness without wasting your valuable resources. Let a professional IT services agency solve your specific infrastructure problems. With iTizzi, you can get a full range of software development assistance, including design and quality assurance services, so you can focus on growing your business.
Access to experts in the field
As industry experts, we are competent in delivering services. With a qualified iTizzi team, you will have access to the latest best practices and quality support. This is especially important when working with source code to make sure it is well written. We will select the best technologies and deliver the project as soon as possible.
Get all the benefits of a fully managed IT team, from business analysis and design to software development and maintenance. You will not need to purchase additional office space, spend money on computer hardware and software. You will save on hiring employees to perform IT functions and reduce training costs and benefits.
Thus, it is safe to say that this approach contributes to cost savings in software development.
After-sales service and startup support
Your partnership with iTizzi, a Kyiv-based MVP for startups, will not end once the product is launched. You can count on continued service and technical support 24/7.
Since the developers will be familiar with your custom software solution, they will easily deal with any problems that may arise. Our agency will be of great help if you decide not to assemble your own technical team.
Startup software development is just a small part of the services that we can offer at iTizzi Software Development Company, which include:
- Creation and launch of start-up projects,
- Web application development,
- Creation of online services for business,
- Creation and maintenance of web services and portals to order,
- Development of mobile applications,
- IoT management software,
- UX / UI design services,
- Development for a SaaS startup,
- And much more.
Need software development for a startup?
At iTizzi Software Development Company, we understand that the business objectives of a startup are different from those of existing companies. When you start a new business or venture, you don’t have all the answers, as our experienced team of product developers and consultants. From initial planning to launch and delivery, iTizzi’s experts ensure that customer requirements are meticulously met.
Our team is always ready to provide you with the best IT talents to bring your ideas to life.
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