This will help in increasing the use of the software and prompt the users of existing accounting package to switch to new package and use it for free for first year and pay the license fee for second year. Since the Company s services are designed around highly focused business and technology domains it becomes imperative to market all these services with competent domain and technology experts. The Company further proposes certain promotional offers, internet advertisement etc for marketing of its products. The promoters are first generation entrepreneurs and the proposed project is the first major venture of theirs. The market for software services and products is highly competitive and the Company shall be exposed to competition from existing as well as new entrants.
Technological obsolescence can be setoff with continuous up- gradation of technical skills.
Any adverse change in the Government Policies in Software Industry may affect the performance and profitability of the Company. The Company has got wide range of clients and provides various services to their clients apart from sale of software. After completing his software training, he became director of this Company and started the business of trading of accounting packages and other commercial software. He is a director of this Company for the past 3 years and looks after the business of trading of accounting packages and other commercial software in the Company. He has experience of around three years to his credit.