Software Business

9 Tips For Starting A Successful Software Business (2024)

•

Updated: January 19th, 2023

Want to start your own software business? Here are some tips you should know:

Learn more about starting a software business:

Where to start?

-> Software business plan
-> How to finance a software business?
-> How much does it cost to start a software business?
-> Pros and cons of a software business

Need inspiration?

-> Other software business success stories
-> Marketing ideas for a software business

Other resources

-> Profitability of a software business

We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for starting a software business:

#1: Nick Franklin, founder of ChartMogul:

We chatted with with Nick, founder of ChartMogul ($/month). In our interview, Nick says:

Stay focused on what’s working, and see if you can expand on that and maybe over time it can turn into a great business.

Read the full interview ➜

#2: Shiloh Johnson, founder of ComplYant Inc:

We chatted with with Shiloh, founder of ComplYant Inc ($/month). In our interview, Shiloh says:

Here’s a tip: don’t pay to be a part of anyone’s accelerator or incubator that is not offering you investment.

Additionally:

I’ve learned not to be afraid to put something in front of customers, that is really the only way to figure out if it’s any good.

Read the full interview ➜

#3: Chris Vandersluis, founder of HMS:

We chatted with with Chris, founder of HMS ($225K/month). In our interview, Chris says:

There is no outside expert, no money provider, and no external consultant who knows your business as well as you.

Read the full interview ➜

#4: Chris Vandersluis, founder of HMS:

We chatted with with Chris, founder of HMS ($225K/month). In our interview, Chris says:

We’re grateful for the long-standing relationships with our existing clients... Keeping our clients happy is woven into our mission statement and every part of our business. It has continued to pay off.

Additionally:

If you or your business are struggling, then try thinking about the longer term. Remember, the vision energy and initiative that got you started in the business is still your most powerful tool and it hasn’t gone anywhere.