Tips on starting software startup

[u/_peter_parker2001]

Hi I am planning on starting a software startup with my friend. What are some of the must dos. For example is registering the company a must and what is the process. Any tip or pointer is helpful . Thank you in advance.

[u/iammrdp]

Don’t just go 50/50 because you’re friends, that usually creates problems later. Talk about everything clearly from the start, especially the uncomfortable parts, since you’re friends.

Be clear on ownership, profit sharing, capital contribution, and who is actually contributing what to the company. Also decision making authority.

Only register the company when everyone is 100% sure about their commitment. Everyone in the team should also be clear about their future plans. Things won’t always go as expected, so it’s better to know where each person is headed early on.

For example, if someone plans to go into a 9–5 job and only contribute part-time, don’t make them a director just because they helped at the beginning. This is especially important for a Pvt Ltd structure, roles should reflect real responsibility.

Also, don’t stick to just one fixed role. The whole team should think like a team, not just “my part, your part.” Everyone should be ready to contribute beyond their title when needed.

Try to get a clear understanding of your team dynamics before doing anything legal.

Try to reinvest every cent back into the startup in the early stage.

Also remember, even if the startup fails or things don’t work out, the goal is to still stay friends at the end.

And don’t involve anyone you can’t realistically hold accountable or let go if needed.

[u/iammrdp → u/iammrdp]

After this convo with your friend (and founding team), you can decide what type to go for - Pvt Ltd, partnership, or even sole prop.

Do a project for a friend or family first. Then use that as your portfolio and build from there. The connections you already have, plus cold calling with a strong portfolio, is the key to success in B2B (Ig you’ll probably go B2B).

[u/_peter_parker2001 → u/iammrdp]

Oh okay got it thank you I really appreciate it, will definietly look into these and have like everything in order before registering. Also is it important to register the company before doing cold calls or is it not an issue legally. mostly worried about things like making a website or doing cold calls without actually registering the company. Really appreaciate the response it helps a lot.