Apr 26, 2016 : 8 Tech Startup Tips You Need to Use
📅 - Building a tech startup happens quickly. It's a grueling process and sometimes it seems like it's you against the world. Startup founders are a unique group of people and a lot of advice and tips are exchanged between them. Our friends at ITX Design compiled 8 tech startup tips that can benefit your business. Check them out!
8 Tips for Building a Tech Startup
Do you have something people want? You need to be sure. Developing a product that you love but others don't respond to only wastes your time and money.
Develop strong relationships with the right people. If you're planning to enter a competitive industry, it really helps to have some connections in the industry. Introduce yourself to industry experts, your competitors, relevant political leaders, etc.
Do one thing really well. Don't try to spread yourself too thin (and that's really easy to do). If you focus on one thing and do it really well, you'll become known for it. If you do 10 things but they're mediocre, you'll become known for that, too.
Fall out of love with your product. Love is blind, and for the business owner, it's particularly dangerous. Don't fall in love with your product or service–fall in love with the issue your product was built to solve. Customer wants and markets change, but if you focus on what your product is built to do, you can always pivot to stay successful.
Stay online until you absolutely need a physical location. It's cheaper, less hassle, and way more comfortable to do your work from home in the beginning. Some startups never feel the need to move into a physical location. Stay home as long as you can to save money and focus on your priorities.
Hire the right people. Your startup team will make or break your business. Don't hire the wrong people preemptively–start with outsourcing and slowly hire the right full time folks over time.
Grow slowly at first. You don't want to start building unmanageable growth that eventually topples your startup. Grow slowly to ensure you never bite off more than you can chew.
Develop a uncommonly good pitch for investors. Your startup is going to need cash at some point. Sub-par pitches don't land funding. Work on a great pitch to increase your chances of hooking up with the right investor.
8 Tips for Building a Tech Startup
Do you have something people want? You need to be sure. Developing a product that you love but others don't respond to only wastes your time and money.
Develop strong relationships with the right people. If you're planning to enter a competitive industry, it really helps to have some connections in the industry. Introduce yourself to industry experts, your competitors, relevant political leaders, etc.
Do one thing really well. Don't try to spread yourself too thin (and that's really easy to do). If you focus on one thing and do it really well, you'll become known for it. If you do 10 things but they're mediocre, you'll become known for that, too.
Fall out of love with your product. Love is blind, and for the business owner, it's particularly dangerous. Don't fall in love with your product or service–fall in love with the issue your product was built to solve. Customer wants and markets change, but if you focus on what your product is built to do, you can always pivot to stay successful.
Stay online until you absolutely need a physical location. It's cheaper, less hassle, and way more comfortable to do your work from home in the beginning. Some startups never feel the need to move into a physical location. Stay home as long as you can to save money and focus on your priorities.
Hire the right people. Your startup team will make or break your business. Don't hire the wrong people preemptively–start with outsourcing and slowly hire the right full time folks over time.
Grow slowly at first. You don't want to start building unmanageable growth that eventually topples your startup. Grow slowly to ensure you never bite off more than you can chew.
Develop a uncommonly good pitch for investors. Your startup is going to need cash at some point. Sub-par pitches don't land funding. Work on a great pitch to increase your chances of hooking up with the right investor.
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