Business Details And Strategy Of The Business Startup

#1. Business Details and Strategy The business startup I chose is a mix of a software development company and a networking platform for software developers. My choice has been greatly influenced by the company Toptal and their success, as well as a personal passion for computer based software development and computer science. The general idea in the long term is to have a specialized team of salaried computer technicians and designers under direct employment through the company. They would be responsible for the larger and more complicated projects. The other portion of the company would be similar to Toptal. The business would serve as a middleman between people in need of software development expertise and freelance software developers. For the business structure, in the beginning I would be a sole proprietor. The plan is to start and stay small until I have the knowledge I need and feel comfortable taking steps to grow the company. Once this time comes, I will look into either hir ing or partnering with other developers depending on what makes logical sense at the time. â€Å"A partnership is terminated when a partner dies or withdraws. . . In a two-person partnership, if one partner withdraws, the firm’s liabilities would be paid off and the assets divided between partners† (Ferrel 88). With this in mind, I would prefer hiring developers and staying a sole proprietor in the early and volatile stages of the company, but depending on personal funds this may not be an optionShow MoreRelatedEssay On Venture Capitalism1174 Words   |  5 Pageswindow Content for IERA- Startups Sarah Sheikh Attachments7/30/16 to gaurav Attachments area Click here to Reply or Forward 1.95 GB (12%) of 15 GB used Manage Terms - Privacy Last account activity: 5 minutes ago Details gaurav kumars profile photo gaurav kumar gauravmyblog@gmail.com Show details Venture capitalism is a way for young companies or startups to receive funding from investors that provide capital necessary to grow or expand a fledging business. 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