Published on April 19th, 2015 | by Jose Vasquez1
5 First Steps for Startup Tech Companies’ Founders to Take
Getting started as a tech entrepreneur requires careful planning and exhaustive research, but these five steps can get you on the right track.
So you’ve got a great idea for a startup tech company and you’re ready to put things in motion. Okay. You’ve got the easy part done! Now comes the years of hard work it takes to make your idea a reality.
Entrepreneurship is a challenge, too overwhelming for some, but exciting for those who truly want to see their ideas come to fruition. If you find yourself at a crossroads with a good idea and no clue where to start, begin following these five steps:
- The importance of research cannot be understated. Start by seeing what other people are doing. Does your idea bear a resemblance to anything else in your market? What makes your idea unique? Who’s going to buy your idea? If you can’t figure these things out, your idea needs some adjusting.
- Write a Plan. Writing a solid business plan is critical for your company’s growth and potential fundability. Cover all the important elements—your vision, your mission, your demographics, your financial plan—and back up that information with facts.
- Seek Funding. Use crowdfunding platforms or search for angel investors. Start networking with other professionals and people who might have a use for your solution. Use your business plan to demonstrate your value and generate interest.
- Get Social. As soon as possible, get on social media platforms and spread the word about your business. Even if you don’t have a product ready, you can gauge the reception of your target audience and start building interest.
- Build a Team. Have you talked with a developer to see how feasible it will be to develop your idea? If not, now’s the time to figure it out. Look for team members who are passionate and talented.
These steps won’t take you to tech superstardom, but they will get you moving in the right direction. Stay consistent, stay focused, and work hard, and eventually your company will find success.
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