There are several factors to consider prior to hiring a software development company. The first step is to identify the main purpose of developing the software. It is also necessary to analyze your business objectives, a good software development firm will help with this process. It is a good idea to discuss the list of features with the development firm and request the cost. It is also a good practice to request quotes from several development companies. Setting aside a budget for this from the start might work in your favor. It is not a good idea to make a decision based solely on the cost; consider several other factors like relevance and benefits to your business.