software development risks
Advantages and Risk of Custom Software Development
New and advanced software are in demand by organizations to accomplish their business needs. A custom software development company from India is considered the best option to choose from the various companies in this field. General software fulfills the need of a business need partially. However, the software application solutions provide complete solution to individual businesses. The Indian development company is booming with opportunities for those who work with enthusiasm and daring to go that extra mile to deliver best of the solutions.
Stability in global market and strong foundations is required for high growth and high returns. This leads to develop a strong economy that again leads to increased revenue generation from various industries. This becomes a cycle where in improvements are seen in both fronts as one starts climbing the success ladder. Custom software development services are costlier as compared to an off-the-shelf product. As the custom made solution is tailor-made to suit specific business needs of clients, it can be said to be a perfect blend between business requirements and its integration into solution developed. If a company finds an off-the-shelf product that meets 85-95 percent of their business process needs, it is advisable to go for that software solution. But to buy a software solution and customize it for specific needs is much time consuming and expensive as compared to hiring a software development company and developing the solution from scratch.
There are many advantages and disadvantages of custom software development services. The client has complete control over a custom made software solution as he is involved with the developing company at each stage of software development. The product thus developed is empowered with customized business offerings which otherwise would have been difficult to achieve. The making of custom software application using the best mix of IT technology helps in enhancing the software solution capabilities in handling complex business and technical problems. The main risk involved in custom software development is the developing team involved is not very sure of the post-deployment results. Though these risks can be subsided by following software development life cycle and proven development methodologies but the time consumed is worth the capital invested. Once the custom software solution is rolled out, the client is at benefit of being able to use the software build to suit their business needs.
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Business partnership question?
Hi, I had a potential partner come up with a software product business idea (which is already out there, but not automated as much), and excepts 50% partnership in the company with 0 risk, 0 investment and without commiting to any serious responsibility with consequences for any negligence or failure. I told that it’s not reasonable that only an Idea gets paid 50% partnership without taking any serious responsibility or risk or even investing. Even to implement his Idea it takes more business strategists and analysts and couldbe done possibly without his help. I offered him a 40-60 partnership and he’s not happy. Is it reasonable what I’m doing? I’m responjsible for business strategy, VC funding, technical setup, product development strategy and running the company and also putting initial investments for legal, business analysis and other pre-funding costs.
You’re absolutely right. Ideas alone do not EVER get 50%. Most of the time he’d be receiving hardly a quarter! I say break it to him, explain it, tell him he can either do the work, just get paid a sum for the software copyright, or take his 30% cut. If he walks away, I sincerely doubt he will find a better offer than the one you gave him.
Try to be intimidating, yet not unfriendly. Tell him that the software is out there and you don’t know if it will be a success. You don’t want to take all the risk.
Good luck 
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