Post Image

The world of tech is the new goldmine. And entrepreneurs all over the world are trying to get a piece of the action. This is also true in Africa and Nigeria. Albeit the reason we could see all forms of startups here and there claiming to solve a problem or the other. We can’t deny that there has been an element of truth in those claims. Since they have caused significant changes in education, real estate, health care, finance, agriculture etc. However, building a new tech startup is not an easy feat.


Read more about Tech
Not every entrepreneur who ventures into it succeeds. This article gives out tips on how to succeed in setting up a new tech startup. They include the following;

Generate an idea

A tech startup must be based on a top-notch idea for it to succeed. It’s not a business you set up on a whim. A new startup must have a problem it’s aiming to solve. It’s from this that you build a company. To generate an idea, you first identify a problem, analyze it and find an innovative solution to it. This solution is the idea you need to build a startup.

Conduct market research

Having an idea is not enough. If you have an idea and decide to run with it without adequate market research. You will likely fail. There is a need to conduct extensive research based on the idea. This will make you understand the nature of the business, the problem it’s solving, the product you will offer, who it will help etc,

Develop a strategy

Now, there’s an idea and research to back it up. The next thing is to strategize. A good strategy points you in the direction of where you want to go. Again, it acts as a guide you can use and improve while building a startup.


Sign up for the Connect Nigeria daily newsletter

A good strategy implies you have a plan and how to carry it out. It also gives you details on how to use your available resources to get to where you are going.

Write a business plan

The next thing to do is to write a business plan. A plan is very important. Because it contains all the vital aspects of your business. It tells the business names, legal requirements, business models, business goals, strategies, details about profit and loss, finances, marketing, etc. Most importantly, it shows how you plan to raise money and what you will use it for. If you don’t raise money, your efficient tech start-up won’t get off the ground.

Build a great team

You can’t build a startup in isolation. You will need people who are professionals in what they do. In building a team, assemble people who complement your skills. People who understand what you are about to do and share your dreams with you. Also choose professionals based on your business niche, project scope, specifics, etc.

Build a minimum viable product

This is the first quick and cheap version of your product. Not to worry, you will have opportunities to further improve it. Its purpose is to know whether it will attract customers and if they can pay to use it. For instance, if it’s a mobile application, your software development team defines the app requirements, creates a prototype and tests it with end-users. If it becomes successful, you can tag it as your flagship product.

Establish online presence

The next thing is to spread the word about you and your brand. Get people to search for you and remember you. Luckily, there are social media and almost everyone that you want to target is most active on social media.


Register to attend the Connect Nigeria Business Mixer
Also, you have the option of involving your brand name in social media trends, digital marketing and paid advertising options to consider.

Find customers

Frankly, you will need customers to be successful. The type of customers will depend on your business model. They can be businesses or direct consumers or both. Tech startups rely heavily on their customers to stay afloat. Hence, you should focus on getting more customers. If not, your capital may dry up if there’s no way to make money. Again, your business can stand more chances to gain traction with many customers.

Conclusion

Always remember to document your finance. It will help you determine if you should continue. You also need to find find a niche market because it sets you apart and is unique from others. You should also pay attention to feedback from customers and find ways to evolve your product. As always, you can do and be better.

 Featured Image Source: Money Control


Got a suggestion? Contact us: editor@connectnigeria.com

You might also like:
This article was first published on 27th August 2022

eyimegwu-ekene

I am an accomplished content creator and recently delved into technical writing. I enjoy using my skills to contribute to the exciting technological advances and create awareness of evolving technological trends in Nigeria.


Comments (34)

34 thoughts on “How To Succeed Where Others Fail: 8 Tech Startup Tips”


  • Hello there! I just wish to offer you a huge thumbs up for your great info you have got here on this post. I will be returning to your website for more soon.


  • by Paul Efron – Concept order cialis


  • We re pleased to see companies collaborating to develop and support solutions that will help patients obtain legitimate prescription medications online buy priligy pills The monsters at the scene refused to agree at first


  • cialis It s important to know that many different underlying health conditions can contribute to it, and that addressing those conditions can often help improve symptoms of ED


  • Monitor Closely 1 nevirapine will decrease the level or effect of tadalafil by affecting hepatic intestinal enzyme CYP3A4 metabolism buy cialis 5mg daily use


  • Exclusion criteria We excluded RCTs of women with hyperprolactinaemia or Cushing s syndrome, or both. buy clomid online australia Personally, if all website owners and bloggers made good content as you did, the internet will be much more useful than ever before.


  • Deciding to when to get pregnant after a miscarriage is a highly individual choice and one you should consider with the input of your doctor and people you trust. tamoxifen metabolism


  • C Boxplot of the expression ratio of CCNE1 to NFAT1 for the samples in the Low NFAT1 group with respect to the specified tumor types. doxycycline ruined my life At 75 F and 78 RH the larval stage develops to the cocoon pupa in about 11 days.


  • Hello! Obviously, you can find even a government resume format on the Internet. What is more, it is quite useful as you will waste only a few minutes before easy persuasive essay topics you come up with something which is more or less relevant to the topic.


  • Your explanation is organized very easy to understand!!! I understood at once. Could you please post about casinosite ?? Please!!


  • I have felt a little stressed and quite tearful over the past weeks lasix 40 5 mg day or anastrozole 1 mg day and subcutaneous goserelin 3


  • Mark Evans, who heads the program of which Al Salmani is a student, explained that certain cancer cell lines that don t respond to chemotherapy are notably responsive to frankincense canadian pharmacy cialis 20mg


  • Thanks for the marvelous posting! I definitely enjoyed reading it, you could be a great author.I will be sure to bookmark your blog and will come back in the future. I want to encourage you to definitely continue your great writing, have a nice weekend!


  • Monoamine oxidase inhibitors MAOIs Both MAOIs and Paxil increase serotonin levels ivermectin tablets buy


  • Nayak MK, et al priligy ebay


  • Androgen deprivation for longer than 1 year has been associated with an increased risk of fractures tamoxifen shopping


  • Kretzer NM, Cherian MT, Mao C, Aninye IO, Reynolds PD, Schiff R, Hergenrother PJ, Nordeen SK, Wilson EM, Shapiro DJ buy doxycycline


  • lasix hyponatremia Depression is more than just feeling blue


  • A combination of l carnitine and coenzyme Q10 provided better protection against oxygen toxicity caused by the mycotoxins growth than they did individually stromectol over the counter australia


  • clomid for males But frequent outages of Bitcoin exchanges blamed on hackers and volatile market trading have led some to declare the currency unstable


  • whoah this blog is excellent i like studying your articles. Stay up the great work! You realize, a lot of individuals are hunting around for this info, you could aid them greatly.


  • 牌局分析 这手翻牌圈同花听牌应该如何游戏? (来源:扑克迷) 牌局背景及过程 这手牌来自一个无限德州扑克锦标赛。此时盲注为150 300。桌上玩家筹码量如图。翻前,枪口玩家和劫位玩家跛 Register now! Blinds 盲注 – 在每一局开始时,台面上必须有“盲注”。这是对玩家强制性的押注,为的是确保“底池”(每一牌局的奖金)至少有个数。德州扑克里的盲注一般由按钮左 Positon:位置,牌桌上的位置,在德州扑克中,牌桌上的位置对于策略和胜负有着很大的影响,因此需要进行轮换 今天要带来的,正是德州扑克中的入门级英文术语——学好这些,即便是在纯英文环境下进行线上对决也不在话下! 内容提示: 德州扑克常用术语中英文对照 Action 叫注 说话 一个玩家的决定。 德州扑克里共有七种决定 : Bet 下注 Call 跟注 Fold 弃牌 Check 让牌 观让 ra https://www.thenaturalnouveau.com/forum/profile/rolandpontiff44/ 听:当你将你手中的牌都凑成了有用的牌,只需再加上第十四张便可胡牌,你就可以进入听牌的阶段。 胡:四位玩家谁先和牌谁为胜利。具体视比赛详细规则而定。 雨落推荐: 欢乐麻将番型大全 麻将的规则和玩法介绍,中国人从来就不缺乏对麻将的热爱,很多刚接触麻将的人不知道麻将怎么玩,其实只要搞懂了麻将基本规则,就知道怎么打麻将了。下面看看麻将的规则和玩法介绍。 麻 听:当你将你手中的牌都凑成了有用的牌,只需再加上第十四张便可胡牌,你就可以进入听牌的阶段。 胡:四位玩家谁先和牌谁为胜利。具体视比赛详细规则而定。 雨落推荐: 欢乐麻将番型大全 听:当你将你手中的牌都凑成了有用的牌,只需再加上第十四张便可胡牌,你就可以进入听牌的阶段。 胡:四位玩家谁先和牌谁为胜利。具体视比赛详细规则而定。 雨落推荐: 欢乐麻将番型大全


  • I absolutely love your website.. Excellent colors & theme.
    Did you build this amazing site yourself? Please reply back as I’m wanting to create my own site and would
    love to learn where you got this from or exactly what the
    theme is named. Kudos!

    Have a look at my blog; tracfone special


  • My spouse and I stumbled over here coming from a different page
    and thought I might as well check things out. I like what I see so i am
    just following you. Look forward to going over your web page yet again.

    Here is my web page – tracfone


  • But these have also been squandered viagra generic names The two chemotherapeutic drugs that can cause bladder problems are Cytoxan cyclophosphamide and Ifex ifosfamide


  • buy clomid for men ORR was 21 with complete response rate of 9


  • generic accutane Genetic modifications are introduced using ES cells, similar to standard gene targeting approaches


  • how common are propecia side effects However, in pregnant women with PID, the regimen of choice is clindamycin PLUS gentamycin


  • propecia online no prescription I have been on Armidex for one year now


  • I have been exploring ffor a bit for anyy high-quality articles or blog
    posts in this kinnd off area . Exploring in Yahoo I att ast stumbed upon thius website.
    Studyiong thios information So i’m satiisfied to sow that I’ve
    a very just right unncanny feelping I came upon exacfly wnat I needed.
    I suchh a llot without a doubt willl make sufe tto doo nnot overlook thjs website annd provides it a glance on a continnuing basis.


  • Shelby FTnkdvkKjG 6 28 2022 buy roacutan 2004; 19 9 2060 2065


  • 35 Cold exposure can lead to exacerbations of the disease, which often presents as ulceration and necrosis, hemorrhagic infarcts of skin, purpura, Raynaud s phenomenon, cold urticaria, or livedo reticularis buy clomid online ship usa From March 2017 to October 2018, 79 healthy volunteers were screened, among whom 34 were excluded because of exclusion criteria and 45 were randomized to placebo n 15 or empagliflozin 10 mg n 30


  • clomid losartan and diovan the same Mubarak will never be an important political player, but symbolically, it s a victory dance by the reconstituted old state, Joshua Stacher, an Egypt expert at Kent State University in the United States, said of the former leader s release viagra boys lead singer Bonnefoi; RГ¤tisches Kantons und Regionalspital, Chur F


  • generic 5mg cialis best price Phase 2 is characterized by the plateau

Leave a Reply

Your email address will not be published. Required fields are marked *