How To Start A Tech Company ?

TIPS TO START A TECH COMPANY:

Starting a tech company is not a simple task. It requires a lot of planning and decision-making. So, here are some tips for starting a tech company:

1. For starting a tech, the first thing you need is a layout plan which depicts all your plans and the ways you are going to work on them.
2. Build an excellent technical team. The team members in your company have to be hardworking and full of knowledge related to the responsibilities assigned to them or you can outsource your tech to agencies like havedevs.com to get your website design done.
3. You would surely require a person for coding. As it is a tech company, you would need a person who has a good hold on the coding aspect.
4. Focus on your minimum viable product. It is a product that is new in the market and has almost all the classic features that must be there in a product.
5. Keep track of the audience you want to focus on. You should be sure enough about what audience you want your company to reach. Also make sure everything your company revolves around, completes the needs that these audiences need.
6. Keep a check on your competitors and learn from the ones who are experts in your field. 
7. Experiment with ideas. If you get scared, you are one way ahead in losing. until you do not experiment, you do not understand completely.
8. Promote your company on different social media platforms. There are many companies that handle your entire social media marketing.

STARTING A SMALL BUSINESS WITH NO MONEY

You don’t need a lot of money to start a business. Some businesses can be started with little or no skills. You need a good plan before starting a business. Any work which is done without planning, on or the other day comes to an end. this is the main reason why many startup businesses come to an end after a short period. 

 Taking an example of preparing a dish, as we have to decide what dish we need to make, we first check which ingredients we have with us. Then, we think about the preparation and how is the dish to be made. But we always keep our goal in mind of making a good, tasty, and healthy dish. The same way works with a startup business. It would help if you kept in mind that your goal is to start a good business that requires little or no money and would flourish in a period.

So, first before starting a business think about the skills you have in you, what are your interests, and what knowledge you have. If you do not have a basic knowledge of what business you are starting, you cannot reach greater heights.

THE STEPS TO START A SMALL BUSINESS ARE:

Do A Complete Research:

Before starting any business, always do complete research in the field you are doing business. This research will tell you about the opportunities, requirements, and every kind of information about the business in your field.

This is a good advantage to excel in your business.

Planning Your Business:

A business plan is the basic building structure of your business. It’s full planning of how you will run the business, your plans, and your growth. Using this plan, you can attract your financiers or investor to your business. 

Thinking Of The Expenses And Capital:

Now as the step of planning is done, we need to figure out about the funds in the business, and how the expenses are going to be managed. As you are planning a business with low cost or no money, you need to figure out for the investors or financiers. They are the ones who are going to help you with the funds for your business. 

Pick A Location:

Picking up a good location for your business is a very crucial step. You need to think of a location that is clean and is easily reached by everyone. You need to keep every aspect in your mind before picking the location. You can also pick your own house for an office if you don’t want to increase your expenses.

Choose A Name For The Business

Picking a name for your business is very exciting and a tough job. This name is the one by which your company is going to be called. You need to ensure that whatever name you choose is not being used by someone else. The name has to be original.

Registering Your Business With The Govt. :

Now after choosing the name for the business you need to make it registered under the govt. This will help your business be protected and also your business name gets govt registered. You can also skip this step if needed as money will be spent on registration. After registration, you will get an EIN no. for the growth of your business. You can use this number to open a business account also.

Promote Your Business:

Now is the step for the growth of your business. You need to let people around know about the business you are doing. Tell your friends or family members about it. Promote your business using social media platforms. You can also make an official website for your business which will help your business grow.

Open A Business Account:

Opening a bank account can lower your stress. All transactions related to your business can be made using this account. Business accounts can be opened using the EIN that you get after registering the business under the govt.

HOW TO GET FUNDS FOR A START-UP BUSINESS

For finding your business, there are some of the following ways.

Bootstrapping:

This means to self-fund your business. If you have just started your business, you just self-fund it. Later, if you need some funding, you can look for funds at that time.

Taking A Loan Or Investment:

This is the new method of funding; people try to look for investors or else take loans to start up their businesses. In this, the businessman can put up their goals to the investors, and if they like the plan they can invest in their business.

Angel Investment:

Angel investors are investors who have surplus cash and use this cash to invest in startup businesses. this helps them have growth in the business and gives them huge profits. 

Finding A Partner In Your Business:

You can find a partner in your business who can help you manage your business and also help in funding money for your business. In this way, the whole pressure is not on your shoulders, and work also gets divided.

Venture Capital:

It is a form of funding in which some firms give funding to businesses for startups. This is a kind of risk for these firms in investing as if companies go in loss, their money is also at stake.

BEST BUSINESSES WITHOUT MONEY

Many businesses can be started with 0 investment. All you need are your skills and knowledge. And you are good to go. So, let’s get to know about various businesses without money:

Real Estate Or Consultancy:

You would not require anything for the real estate business. You only need a contact list of buyers and sellers of properties around. You can make a real estate office in your home itself. Real estate is all about different properties on lease and buyers who are ready to buy.

Education:

For education as a business, you can start online classes or you can make a website where you put information on different subjects or courses you teach. You can provide handy notes to children and you can also provide tuitions to students.

Recruitment Firm:

In a recruitment firm, you just need information about vacancies in different fields and some contacts. People will reach up to you for jobs and vacancies, as everyone in these tough times needs a job.

Food Business Or Cooking Service:

If you have good cooking skills then this is a good business. you can start selling home-cooked food using apps like Zomato or Swiggy. PG students are the ones who search for home-cooked food, you can put up pamphlets about this business of yours and you are good to go.

Online Website:

Online websites or blogging is another good business nowadays. You just need a computer and an internet connection. Just buy a website, and do some promotion on social media. You just have to be good at maintaining your website or blog. 

Content Writer:

Many companies are searching for content writers. For this, you just need a laptop or computer and an internet connection. And if you wish to, you can start your own content-writing business.

Event Manager:

If you have good management and coordination skills, you can be an event manager. You would be assigned some events and coordinate the work and manage everything there. 

Drop Shipping:

Drop shipping is another good business where you need to pick up a product from a third party and drop it to the buyer’s location. For this, you need a van or some automobile for delivering the shipment. you just need to find a reputable company that requires a drop shipper.

BEST AMERICAN STARTUPS

The best American startup businesses are:

• Pinterest
• Avant
• Airbnb
• The We Company
• Lime
• Compass
• Snowflake