It has now been a few months since I incorporated Nixint, LLC and I can’t tell you how much I have learned during that period of time. This blog hasn’t seen much activity since I wrote the first article but that’s certain to change now that I have something to say.
Setting up a company couldn’t be more easy, you just have to fill out some paperwork or ask someone else to do it. Building and maintaining a business, on the other hand, is a completely different thing.
Even for a web-based startup, there is a lot of things to do on the business side. As a software developer I enjoy designing and developing products, but building a working (and eventually nice) product will only get you halfway. Unfortunately for the developer, the other half requires a completely different set of skills.
The kind of business that Teamly does, known as Software as a Service (SaaS), puts you on the front line. With real customers who use your services daily, all mistakes are magnified many times. It’s a much tougher experience than going freelance with your own services.
The acquisition of a payment gateway / merchant account also proved to be very complicated and time-consuming, for I’m a foreigner living outside the United States. I still haven’t managed to get one.
Nothing is impossible and one might very well overcome these issues as I thought I could—with a great passion and determination. My advice would be to find a mentor who can provide you with guidance throughout your growth.
But what happens when you’re not here? What happens when the fruit of your labors gets to live on its own while you’re unavailable? It is a huge responsibility to maintain a SaaS product; I think it’s unrealistic to try to do it all by yourself.
The main challenge is finding the right partner(s). If you can’t seem to find a cofounder at school, work, or in your circle of friends (as I did), you may want to check out the Cofounder Wish List.