With any new business you’re supposed to create a business plan. I can see the point if you’re going to start a new mobile phone company. You’re investing a few hundred million and I can see your investors wanting to see a bit of documentation before going ahead. But for a microISV I really don’t see the point.
The big advantage of being a one man outfit is speed. You can change direction in an instant and react to events on the moment. I’m not trying to convince a bank manager or outside investor to stump up some cash so I am not bothering with the business plan. Far more important is to have the vision thing.
Every successful software project I have worked on always has one person that has the big vision and it is always a techie. They have a vision inside their head of how the product is going to work. Not just in the look and feel but also the design and structure of the resulting code. Every developer gains confidence from this and you end up working as team and all moving in the same direction. The net result is a good chance of success.
As it happens I already have the vision of where I want the company to be and the kind of products it will be producing. Just as important I can visualise the first two product ideas very clearly, both in terms of how they will look and also the overall design.
Now we need to turn the vision into some concrete goals. After all, the reason most people never achieve their goals in life is simple. They never actually set any. So lets define the overall goals for the company itself…
Goal 1: Achieve first sale
Goal 2: Annualised sales equal to day job salary
Goal 3: Annualised sales twice day job salary
Goal 4: Net revenue twice day job, quit day job!
The whole point of the microISV is to earn enough to quit the day job and work full time for myself. I have no idea how long it will take to achieve this and so see no point in putting target dates against the goals.
From now on I am focused just on the first goal, working towards the first sale.
