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Entrepreneurship

What I Learned Running an IT Startup Since 2019

December 15, 2024
12 min read
Lucky Soni

In 2019, I founded Splixcube, an IT startup focused on software development and digital solutions. Six years later, I've learned invaluable lessons about building and scaling a tech business. Here's what I wish I knew from day one.

1. Start with a Clear Value Proposition

In the beginning, I tried to be everything to everyone. Big mistake. The most successful projects came when we had a clear, specific value proposition:

  • What problem are you solving?
  • Who is your ideal client?
  • What makes you different?

Define this early and stick to it. It guides every decision.

2. Client Relationships > One-Time Projects

Early on, I focused on closing deals. Now I focus on building relationships:

  • Deliver exceptional quality
  • Communicate proactively
  • Offer ongoing support
  • Become a trusted partner

Repeat clients and referrals became our biggest growth driver.

3. Pricing is an Art, Not a Science

I used to underprice to win projects. This led to:

  • Burnout from overwork
  • Inability to invest in growth
  • Attracting price-sensitive clients

Value-based pricing changed everything. Price based on the value you deliver, not hours worked.

4. International Clients Require Different Approach

Working with global clients taught me:

  • Time zone management is crucial
  • Clear contracts prevent misunderstandings
  • Cultural differences matter
  • Payment terms vary by region

5. Build Systems, Not Just Code

As a developer-founder, I initially focused only on code. But systems are what scale:

  • Project management processes
  • Client onboarding workflows
  • Quality assurance checklists
  • Documentation standards

6. Cash Flow is King

Revenue doesn't matter if you can't pay bills. I learned to:

  • Negotiate payment terms upfront
  • Request deposits for large projects
  • Invoice promptly
  • Maintain a cash reserve

7. You Can't Do Everything Yourself

Early on, I tried to handle development, sales, marketing, and operations. This led to:

  • Poor work-life balance
  • Quality suffering in some areas
  • Missing growth opportunities

Delegate or outsource what you're not great at. Focus on your strengths.

8. Marketing is Not Optional

As a technical founder, I underestimated marketing. But:

  • Content marketing builds trust
  • Case studies sell better than pitches
  • SEO brings organic leads
  • Social proof matters

9. Learn to Say No

Not every project is worth taking. I learned to decline when:

  • Client expectations are unrealistic
  • Budget doesn't match scope
  • Values don't align
  • It distracts from core focus

10. Continuous Learning is Essential

Technology changes fast. Staying relevant requires:

  • Regular skill updates
  • Following industry trends
  • Investing in team training
  • Experimenting with new tools

11. Build a Brand, Not Just a Business

Splixcube became more than a service provider. We built a brand by:

  • Consistent quality delivery
  • Sharing knowledge through content
  • Building a recognizable identity
  • Creating memorable experiences

12. Mistakes Are Learning Opportunities

I've made plenty of mistakes:

  • Taking on projects outside expertise
  • Not setting clear boundaries
  • Underestimating project complexity
  • Hiring too quickly or too slowly

Each mistake taught me something valuable. Document and learn from them.

"Building a startup is a marathon, not a sprint. Focus on sustainable growth and long-term relationships."

Conclusion

Running Splixcube since 2019 has been an incredible journey. The key lessons: focus on value, build relationships, create systems, and never stop learning. Building a startup is challenging, but with the right approach, it's also incredibly rewarding.

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