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Top Tips for Up and Coming Tech Entrepreneurs

Technology is quickly reshaping how almost every business operates, and is even modifying industries commonly perceived as stable. From healthcare, to finance to education, everything is working under unending disruption, and a budding entrepreneur can easily get lost in all the available options.

If you’re in the technology field, it can get very expensive to put together the technology platform you need. But here are some tips to help you scale your business and increase value for your clients without breaking the bank:

Concentrate on your goal.

Technology is a great tool, but even the most advanced technology can only get you so far if you have no focus. As with anything else, whether it’s losing weight or learning to play an instrument, you have to be focused on what you want to achieve. If your plan is at least sketched out, you can start finding all the tools you need to reach your goal.

Boost value.

Even with the most sophisticated technology platform and the most dynamic social media presence, nothing matters if you are not adding value to your clients. So before anything else, know what you do best and the value you are capable of adding to the market, and then make a plan around that.

Create a technology strategy.

For many millenials, operating on a strategy is an outdated practice, but think twice. While you experiment with the technology tools you plan to use, you still need to do so in a logical and well-planned manner to avoid wasting money.

Use free platforms.

As a budding millennial tech entrepreneur, your best friends are the different options you can take to leverage of cheap, if not100% free, technology platforms that can help you grow your business. Connecting with your customers on social media can be done for little to zero cost, and is an awesome way to save a lot of tech dollars and invest in sweat equity instead.

Maximize your social media engagement.

Social media is apparently the most influential and important technology tool that newbie tech entrepreneurs can use these days, but it is not and will never be a one way street. Though mostly free, it calls for time, planning and energy before it can actually work. Take full advantage of the “social” side of social media, that is, by communicating directly with your market or potential market, and linking up with other entrepreneurs who can help you scale your business.

Always be current.

Lastly, technology outpaces itself at unprecedented rates, so fi you’re a tech entrepreneur, you can’t not be up-to-date!Finally, considering how technology quickly obsoletes itself, you can’t afford not to be current all the time – you’re a tech entrepreneur! Best of all, this need not cost a fortune. These days, it’s just a matter of searching for an MOOC (massively open online course) in any technology you’re interested in, and start working.

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