Why Most Software Development Companies Fail

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SUMMARY:

Aleksander is going to share with you the 3 things that you can focus on as a software development company to make sure that you make the most money.

The main things to focus on in a tech agency are:

  • Time
  • Quality
  • Price

One of the main company that is focused on time is McDonalds. No matter what you buy, it is delivered to you within a few minutes. However, the quality is not on the needed level and the price is not that high.

Companies that are focused on quality are from the tech space where they sell web development packages. Quality can mean many things. Some people think that time is quality, other people think that price is quality. As a general rule, quality is measured by how much time and effort was put into it.

If you want to create a high quality product, you have to charge a lot of money and you need a lot of time.

Companies that are focused on price cannot sell quality products. You get what you pay for and if the price is very low, you cannot expect a very high quality product. Moreover, you cannot focus too much of your time to create quality, because the price is not there. You cannot afford a lot of development time to create the product.

All in all, you cannot have all 3 ingredients to create the perfect product. However, you can build an agency on either one of the 3 and be very successful. You can make millions of dollars.

If you are focused on time, there has to be some kind of urgency built into it.

If you are focused on quality, you have to target high quality clients who can afford a lot of money.

If you are focused on price, you should be able to create lots of volume with very low overhead.

The best way to approach this is to focus on one of these. Then, magical things will happen in your business. Suddenly, everything will make sense in your business and your clients will know what to expect from you.

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