October Issue Featuring Craig Newmark

Page 12

OCTOBER 2020

How to start a tech startup Technology has become a basic fundamental aspect of our lives, more so in the business world. Companies have emerged across the world offering new technology products and services. Many ask where they need to begin from in opening of a tech company. Here is a guide on how to commence. HAVE A VIVID VISION Having a clear dream of what you want to start is essential. Rather than trying everything in the tech industry, having a narrow focus will help save on resources and time. You can start by identifying what areas you are good at or interested in. Once you identify a habitual cultivation in the area is important so that you may be more skilled. PREPARE TO FAIL Starting a new project comes with hopes of achieving greatness. No one wants to ask themselves what if it fails. There should be an understanding that for one to succeed failure must have preceded. Being strong-willed when the revenues are lower than average, having your skilled employees quitting and running low of money is what will make you stand-out. Understanding the risks

Business Digest 11


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