How To Start An IT Company? Part 1

Pi Technologies

IT Market In India Made A Distinctive Name For Itself Not Only In Domestic Market But In Worldwide Scenario. As We All Know IT marketing Is Booming With Increase In technology & Awareness Regarding Technology Specially in Asian Countries Including India. In Terms Of International Market Apart From Asian Countries We Also See The Same Booming Life Cycle. If We See The Statics, The International IT market is having worth value of $800-$1000 billion dollars,
it is increasing by the annual rate of 5% CAGR, also domestic Indian IT market having worth value of $300 billion dollars and it is increasing at an annual rate of 7% CAGR.

In India, Its Very Reliable To Form An IT Company With Having Some Sets Of Advance Knowledge Regarding HTML/CSS, PHP & Web Development. Having Only Set Of Skills Is Not Enough You Must Possess Impressive Marketing Knowledge To Fit Yourself In The Cut-Throat Competition In Local market & On Virtual Market In terms Of Freelancer, Elance Etc.

Company Can Be Formed Either As A Proprietorship Firm Or As A Pvt. Ltd. This Would Cost hardly Rs. 10000 - Rs 20000 Including The Cost of CA.

Creating An Edge In Respect Of Logo Of Company, Infrastructure, Employees Acquisition, Building Brand Is Very Difficult part Can Take 1-3 yrs to manage the part. Local Market Doesn't Have Enough Potential For New It companies To Sustain Efficiently. They must Hunt For International market Through Different Portal With Their Refined Skills.

In India, Some Cities Like Bangalore, Mumbai, Pune, Indore, Jaipur Has The Potential To Produce High End It Companies Because Of Emerging Infrastructure & growing Local Market & Also In Growth Of Outsourcing model.

                                                                         To Be Continued...

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