Top Tips for Up and Coming Tech Entrepreneurs
Technology is quickly reshaping how almost every business operates, and is even modifying industries commonly perceived as stable. From education to finance and everything in between, these sectors are operating with neverending disruption, and it is easy for new entrepreneurs to be overwhelmed by all their options.
If you’re in the technology field, it can get very expensive to put together the technology platform you need. But the following tips can help you grow your business and add value to your clients without emptying your coffers:
Always keep your goal in sight.
Technology is a powerful tool, but even if you use the most modern technology, you can only get so far with scattershot focus. As with anything else, whether it’s losing weight or learning to play an instrument, you have to be focused on what you want to achieve. If your plan is at least sketched out, you can start finding all the tools you need to reach your goal.
Even with the most sophisticated technology platform and the most dynamic social media presence, nothing matters if you are not adding value to your clients. So first figure out what you’re good at and what value you can add to the market, and then build you plan around that.
Draw up your own technology strategy.
For many millenials, operating on a strategy is an outdated practice, but think twice. While you test the different technology tools you intend to use, you still have to follow a logical and well-organized approach so you don’t end up wasting money.
Use free or cheap tech platforms.
Being an up and coming millennial technology entrepreneur, your best allies are the the cheap, if not totally free, technology platforms that can help your business soar. Communicating directly with customers on social media is free or at least with a nominal advertising fee – a great way to save some of those tech dollars and spend sweat equity instead.
Go full throttle on social media.
Social media is, without a doubt, ,the most crucial technology tool that budding entrepreneurs can use today, but keep in mind that it is not a one way street. Though mostly free, it calls for time, planning and energy before it can actually work. Go full throttle on the “social” aspect of social media, that is, by directly speaking with your customers or potential customers, and connecting with other entrepreneurs who can provide help in scaling your business.
Always be current.
Lastly, technology outpaces itself at unprecedented rates, so fi you’re a tech entrepreneur, you can’t not be up-to-date!Finally, considering how technology quickly obsoletes itself, you can’t afford not to be current all the time – you’re a tech entrepreneur! Best of all, this need not cost a fortune. These days, it’s just a matter of searching for an MOOC (massively open online course) in any technology you’re interested in, and start working.