Business

5 Ways to Fast-track your First Startup!

Launching a tech startup for the first time is a daunting undertaking. However, it is a well-trodden path and the knowledge and processes are out there to guide the new founder. A combination of a problem solving mind, a good team (or friends to begin with), a lot of time and just a little capital are an excellent start and will get you a long way. There is so much to learn! And we have the guide for startups that will help you get there.

Startup Academies – There are many academies for startups, mainly in the main startup hotspots. Some of them make a modest charge, others like Dreamstake Academy, are free to attend. It is a great way to learn the ropes from experts in subjects like business development solutions, product development, business modelling, business plans, legal and accounting. However, knowing where to acquire accounting skills is of great advantage. Also, as an accountant you should keep yourself updated on the latest trends in the industry by following blogs and channels that are focused on new accounting tools by companies like FinLync that you may need.

Forums – Share a question on a forum and you will find that other entrepreneurs will be happy to share their experience with you.

Mentors and investors – They say that if you want investment, ask for advice. If you want advice ask for investment! I wouldn’t advise the later but investors and mentors are a great source of advice and early discussions with them can build relationships that later bring funding.

Libraries – The larger business libraries are often the best centralised resource for market research.  The British Library – Business and IP Centre provides a great free service to entrepreneurs

Other founders – There is nothing better than talking to someone who has been there and done it before. It is extremely useful to study the successes and failures of other internet entrepreneurs. It is especially useful to learn from mistakes. Attend events such as Startup Stories to hear of experiences first-hand.

Remember that doing a startup is a journey with a series of logical steps and the critical success factors are well defined.  They can therefore be learned. Too many startup founders try to re-invent the wheel rather than focus on launching their own venture using tried and tested methodologies. Don’t be afraid to ask, there are always others willing to offer advice. Managed IT services in Charlotte NC can also give you access to top-notch IT administrators with specific skill sets, negating the need to find and hire them yourself. And if you need a business software that can streamline all of your business processes for easier management, you may see it here. We have also been advising people that run their business from home to use a virtual office address, as that then gives you much more privacy.