Many more people today are choosing to set up their own businesses. This is not just down to their great ideas, but also because there are more options now than ever before.
Since 2014, I have been working to develop Deshpee Group in the tech industry and beyond, so think I’ve managed to learn a bit about what it takes to succeed as a tech entrepreneur.
Do you have it? Let’s find out!
The starting point is a great idea.
It all starts with an idea. An idea for a business or start up project that could propel you into the industry. The technology industry is home to a lot of like minded people whose ideas may be similar, so it’s up to you to come up with something unique and marketable that will stand out for the right reasons.
Whatever you decide to do, you’ll need to create a selling point to show the world why they should choose you over anyone else.
You must check if you have the right skills.
While having a great idea is one thing, having the skills to pull it off is another. You’ll need to be able to do the work necessary to make your ideas a reality, as well having the business sense and savvy to get it all up and running.
1. Motivation is important.
If you don’t have drive and motivation, the truth is that you’re not going to succeed as an entrepreneur. Without it, you won’t be able to do everything necessary to bring your ideas to life and manage a full-time business.
2. Determination plays a key role.
Determination is a little different from motivation. Determination is the power inside you that makes you keep going – even when times are hard.
Setting up a business won’t always be easy, no matter how great your idea is. There will be setbacks, mistakes and problems that are out of your control.
Some people may be inclined to give up at the first sign of any issues, but you need to be able to stay determined and fight your way through adversity.
3. Passion is what'll set you apart.
I am passionate about my businesses and believe that without that strong belief in what you do, you won’t be as successful as you’d like.
If you’re not passionate about what you’ve created, then there’ll be no excitement to keep moving forward and grow your business to new levels.
4. Resilience is what'll keep you going.
As I’ve already mentioned, there will be times when you may feel like giving up. One example is when people tell you things that don’t make you feel good about what you do. Some of these may come from others within the industry, or even your friends or family if they don’t believe in your project.
Some may tell you that your idea is simply a dream, or that your business isn’t good enough to be the best in the industry. It’s at times like these; you need to develop a thick skin and deflect their negative approach.
I believe that if you have faith in yourself and your idea, then you can achieve your goals – as long as you put in the hard work!
Do you think you fit this criteria? Then keep reading to take your first step towards becoming a tech entrepreneur.
Firstly, consider whether you have the courage and ability to go it alone.
Starting a new venture is always a risk, so it, therefore, takes quite a bit of courage. If you’re starting it yourself, you’ll also have only yourself to rely on rather than higher up managers to help you out.
I understand this can be scary, but if you know your idea has potential, it is worth being brave and persevering.
If you don’t feel up to the risk, entrepreneurship may not be for you.
Secondly, is starting up a business viable for you?
Although I often post motivational quotes and spread the importance of following your dreams, it’s also important to think rationally about whether starting up a new business is a viable option.
It goes without saying that setting up a business costs both time and money – and you’ll need a fair bit of both to get started.
You’ll also find that you may not even make any money straight away, despite putting in plenty of work – as the hours you put in are essentially laying the groundwork for what your business will become.
If you don’t have the time and finances to support a new business, you may be better off waiting until you have these available. In the mean time, don’t give up! I suggest noting down your ideas to use when you’re ready, as well as setting aside some savings to help you get started.
If you’re in a good position to start up a business, you need to determine what type of business it should be.
To sum it up – what are good at? For example, building businesses that try to make a difference is basically what I do. Aside from our environmental project, Nelda, I have focused Deshpee primarily on tech.
Take a while to properly think about what you’re good at and what you can offer – and how this can be tied into a fully functioning business.
So, as long as you have the skills, ideas and dedication, you can almost certainly succeed as a tech entrepreneur – don't let anyone tell you any different!
If you want to check out more of my thoughts on entrepreneurship, business and what we've accomplished at Deshpee so far, feel free to take a look at the businesses we run. Plus, you’re always welcome to send me an email at firstname.lastname@example.org if there’s anything else you’d like to know.
Thanks for reading, I hope this helps you on your way to being a tech entrepreneur!
Ved for you.