Published on October 31st, 2013 | by Jose Vasquez0
5 Lessons to Learn Before Getting Involved in Startup Tech Companies
Many entrepreneurs get ahead of themselves by thinking starting a tech business will be easy, but these lessons are must-learns before you ever put pen to paper with your ideas.
Aspiring entrepreneurs are some of the most imaginative people in the world, but unfortunately imagination isn’t enough to guarantee success in the business world. Entrepreneurship takes time, dedication, and a kind of wisdom that can only come through certain lessons.
If you’re thinking of starting an enterprise in the tech world, you’ll have to go through a series of exercises to determine the legitimacy and viability of your idea. Similarly, you should determine your viability as a leader and an entrepreneur. These five lessons are tidbits you should have under your hat before you even think of putting together a business.
- Patience trumps impulsiveness, every time. Opportunism is one thing, but recklessness is another. Too many entrepreneurs simply jump at every new shiny object that crosses their path—instead, you’ll need to learn that patience is an absolute must if you’re going to build and distribute quality products.
- Not everything is measurable. While analytics give us the best possible portrait of our business operations, not every quality of your business is going to be measurable. Prepare for that inevitability, and try to get a sense for those intangible characteristics if you can.
- Some of your ideas will fail. No matter how glorious your ideas seem to be, some of them are going to fail. In order to survive as a business, you’ll need to be willing to cut your losses or change your model at various points.
- Perfectionism is good, but appropriate timing is better. You might want to get everything perfect according to your vision before launching, but you’ll need to understand that it’s often better to launch with appropriate timing than it is to nitpick every detail.
- Disasters will come. During the first several years of your time as a business owner, you’re going to have to deal with disaster after disaster. The more prepared you are for that inevitability, the better you’ll be able to manage it.
Take these lessons to heart and truly recognize them before you get the gears moving for your business.