Ten Steps for Starting a Software Business

I find this to be very educative.

Late Blooming Entrepreneurs

Jim Kelly is a Bethesda, Maryland-based serial entrepreneur whose expertise includes software technology solutions and venture capital. In 1996 — at age 55 — he left his position with BDM to start his first company: SynXis, a hotel reservation management software provider sold to Sabre in 2005. Later that year, Kelly (a former pilot) and his business partner, Bob Wright, launched Flight Explorer, a software and IT solutions provider to the global aviation community that was created from a division within Wright’s company, Dimensions International. Over the next three years, Kelly and Wright used a software product that tracks planes in flight to build Flight Explorer before selling the company to Sabre in 2008.

Kelly also is the founder of Innovectra, a telecommunications software provider acquired by Edison Venture Fund in 2003. His current businesses include a medical startup and a publishing company. He draws upon his own experience to offer the following ten-point plan for aspiring software entrepreneurs.

1. Define your…

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