You can Machan develop a SAAS and sell. We sell Microsoft and other branded product solutions while we develop and sell our own products. Few things you should be focusing on before you start the business.
01. What is the issue or business problem that you are gonna solve?
02. What is your target market.(Business category, Geography, budget capacity, are they SMB or mid scale/ Large Enterprises? Or are you looking at consumers)
03. Similar products in the market to address the same issue that you plan to address.
04. Pricing Strategy
05. Marketing Strategy
06. Are you gonna recruit sales and operations staff? This is a must! Or are you gonna develop a partner center where partners will sell your products.
07. Recruiting a solid number driver sales manager or a GM to look after the business.
08. Business continuity. You cant just abandon your customers even if you feel exhausted in the middle of your business journey.
09. What is your plan to handle Banking, Tax, and other regulatory matters.
With my experience you might need below internal staff.
03 Sales + 01 Admin + 01 finance initially and a good business manager+ sales head to develop the business
(Considering you are doing the developments and managing infra)
Budget - 3.5 Million to 4 Million for first 06 months.
Sales number - 8-10 Million.
You need to pay 30% corporate tax from your EBITA.
Based on the above you do your math to decide the MRP of your product price.