Tech Startups are currently by far the most popular way to enter the world of IT business.
Extremely risky, the main goal here is achieving fast growth; however, the quicker the pace at which the things are unveiling, the more room there is for errors. Even though startups are based on speed and efficiency, learning from other people’s mistakes in order to avoid making them should be your goal. With this in mind, here are several tech startup tips for aspiring entrepreneurs.
Waiting for too Long
Of course, the fact that you are aiming to get a tech startup going doesn’t mean you shouldn’t thoroughly plan out your release. Nevertheless, you need to keep in mind that constantly postponing the launching date can destroy all the hype around it. As a result, you can lose the scope of what you’re building and planning.
The very point of a tech startup is being small, yet agile, what usually means working beyond your job description – the manpower you have at hand is often not nearly enough for a project to realize seamlessly. Your employees will need to wear many hats and be prepared to wear those that don’t necessarily fit them perfectly. This should be at the very top of your requirements list when hiring.
Not Listening to Your Customers
The saying that the customer is always right might be cliché, but for a reason – it is exactly on point. As a startup, you don’t have too much room for innovation after the release of your product, so paying close attention to your customers’ reviews is the best way to find out what’s wrong with what you are offering. The more input you have, the more successful your project will turn out to be.
Paying too Much Attention to Reviews
On the other hand, you can’t afford to go around fulfilling every customer’s desires – this way, you risk losing your product’s identity and the very goal of your tech startup. The key here is statistics – pay attention only to those aspects of your product or services the majority of your customers are complaining about.
The very point of a tech startup is being small, yet agile, what usually means working beyond your job description – the manpower you have at hand is often not nearly enough for a project to realize seamlessly.
Investing too much in Marketing
Of course, marketing is one of the pillars of every startup’s success. Being lazy about it and forking out huge amounts of cash hoping it will work isn’t a smart choice at all. Opt for cheap, yet effective ways of getting your name out there – for example, a cool graffiti advertisement can display your name more efficiently than a rented billboard.
Legal issues may turn out to be your biggest obstacle if you don’t familiarize with them prior to launching a tech startup. Make a clear deal with your co-founders, make sure you’ve started the business as a corporation or LLC, and cover all potential tax issues. Finally, as advised by Bordaslaw experts, cover all work and personal injury legalities with a professional lawyer, rather than on your own, just to make sure everything is done properly.
You’re not Necessarily Going Viral
High virality is a direct consequence of early and deliberate design decisions. Startups that have “gone viral” have spent some serious time considering how and why people are going to discover and spread the news about their product or services in the online world.
Covering the abovementioned mistakes is crucial if you want your startup rising above and well beyond your competitors. Yes, the main characteristic of a startup is rising quickly, but your main goal should be reaching stability and steady income, and without following the outlined guidelines, this is borderline impossible!
Latest posts by Marcus Jensen (see all)
- 7 Things Every Tech Startup Has to Have in Mind - November 29, 2016
- 10 Website Design Trends For The Year 2017 - November 2, 2016
- PS4 Christmas List: Time To Get Saving For An Epic Christmas - October 13, 2016