Business guy building a software company [closed]

Posted by Dreamer on Programmers See other posts from Programmers or by Dreamer
Published on 2012-06-04T06:17:53Z Indexed on 2012/06/04 10:50 UTC
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Filed under:

startup

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software-developer

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software

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new-technology

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software-as-a-service

I am a business guy who is about to embark on a very risky journey to start this own software company.

I have done sales for several software companies and in the last 8 years, I have managed to generate over $15 million in pure SAAS revenues for my employers. I think now its time to do it for myself and see where I can take the business.

I have an idea in mind which I would like to develop and have been speaking with several companies who I may hire to convert that idea into a SAAS based offering.

I am scared of the following:

Being ripped off as I have no technical knowledge
Over-charged
Building something and realizing the foundation was weak, not scalable etc.

Can anyone help me identify what I need to do before I sign a software development company to start my project.

What do I need to know?
What is the typical cost?
What is a realistic time frame?
Which coding language is better?
What steps can I take to prevent myself from being ripped-off?

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