The process of building custom software solutions for enterprises has always been complex. However, it becomes even more challenging when the technology solution is geared towards a startup. Mostly, startups are run by budding entrepreneurs with innovative ideas and lofty visions. But in the end, they also need to prove their worth within a short period amidst mounting pressures from stakeholders and the unforgiving market competition. A software developer is expected to deliver time-critical and pragmatic solutions while understanding the requirement and market needs.
Therefore, this article would help you understand all the major challenges that are commonly faced while providing custom software development services.
Unclear Product Roadmap
If a star up lacks a clear road map, then it can lead to the development company being understaffed. Which as a result would slow down their progress. For instance, while custom app development, the start up may end up with an app that is buggy and crashes frequently. Resulting in the user leaving for another product.
Generally, a roadmap contains more than just short-term, trackable milestones that a proprietary application would cross. It lays out the strategic reasoning, financial considerations, and feasibility behind pursuing a software development project. It works as a detailed blueprint that showcases the overreaching of your service offering. In addition, it could evolve to the changing market over time without losing sight of your primary business objectives. Experienced software developers, thus, have a thorough understanding of how to assist their clients in building a clear product roadmap. Before starting a development solution or project.
Deciding Wrong Development Tools.
There are numerous development tools available, but selecting the right tech stack for software development (Custom Software Solutions) might seem a little daunting task. The decision of picking the most mainstream technologies would be the safest bet as it will be undoubtedly irresistible to the uninitiated. However, using these superficial criteria would only compound problems in the long run. As a result, it would invoke the risk of incurring more overheads to scale their product. In addition, it would create witnessing severe compatibility issues upon the deployment.
Thus, by hiring a team of experts to consult with the best course of action. You would be able to find the ideal tech stack for your software development. It is so because seasoned developers are more likely to experience first-hand experience in identifying which technologies are suitable for certain scenarios and outcomes. With this, they would use their skills to gather the suitability of available tools based on the criteria set in your project.
Developing an Application with no Market Demand
Over the past few years, the startup market in the country has seen tremendous growth in funding. Within the year 2020, the domestic startup received almost a record-breaking $156.2 billion in venture capital from different investors. Though, that eye-watering amount still paled by compassion to the financial liquidity that VC-funded startups gave in return, which reached almost $290.1 billion.
Thus, these lucrative prospects certainly raised today’s market confidence in the market industry. However, a recent market analysis by CB highlighted that almost 38% of the startups failed. In addition, the reason being the lack of funding for shutting down the startups – followed by the low market need at 35%. This statistic does not only depict the importance of conducting in-depth consumer research. But also the precaution of using untested hypotheses as market insights. Generally, market research allows a startup to keep themselves closer to the ground, recognize the customer’s underlying pain points, challenge their initial assumptions, and explore the viability for business expansion.
The Importance of UX/UI
Mainly, a program’s User Interface (UI) directly influences a consumer’s User Experience (UE). Companies that ignore the importance of this do so at their peril. Usually, users need simple and fast ways to get things done, while making sure that they function and suit the overall look and feel that a company is striving to achieve. When UX/UI is underestimated, the product might not succeed when it is released into the world. Thus, the company must consider end-users during the development process.