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How To Start A Tech Company: Simple Guide For Predictable Results!

how to start a tech startup guide

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Are you looking to ship code that makes money? Then this how to start a tech company, will take years off your journey.

Before we start lets invert your thinking on what you would do if you wanted to fail. Then lets do the opposite of that.

The top 5 reasons startups fail are no market need, ran out of cash, team issues, outcompeted, and business model failure. (csbinsights) 

So if you want to fail create products with market need that generate cash.

We will do this by showing you how to put together a high-quality team, clearly identify your competitive advantages, and then grow with a viable business model.

This how-to article will leave no stone unturned! Follow this guide and you will begin to see how simple building a tech startup can actually be. Not easy but simple!

To increase productivity while reducing your time and cost. Join our startup community and use our smart startup incubator.

To get your technology startup off the ground as fast as possible, you need to think like a CEO and treat your tech start up like the company you want, not a hobby.

I have used to these same steps to sell 10’s of thousands of products and build a million-dollar software company in the financial sector… and during my journey, my values aligned with bringing other up behind me!

“Each One, Teach One” African Proverb 

Use this guide to know the next move, reduce risk, and gather evidence to insure starting your tech company is a success.

Let’s get started.

If you are in search of the best tech startup books or the best business startup books we have a collection for both!

 

Get Started: Product Founder Fit

A tech startup can be hard but that doesn’t mean it can’t be fun! Find product founder fit and you will never work again.

Product founder fit is when your values, skills, and experiences align. In math this is known as “combinatorics”.

You can learn more about “combinatorics” in the Naval podcast episode on our recommendations for the best tech startup podcasts

Combinatorics is the collection of unique combinations of who you are, what you know, and what you have done that make you unique. 

This is where your greatest strengths lye!

starting the right tech startup.

There’s a reason there is a 90% failure rate in startups, and it’s not why you think.

The current myth is that startup founders fail because they aren’t “passionate enough.”

“Push through failure to succeed,” they say.

I officially reject this notion.

The real reason founders fail is the same reason that any business fails: Value. 

In business you have to capture value, and the most effective way to do that is not by your passion.

Its by what you value.

Passion comes and goes, values are always there.

Watch the video below. It has the power to change your life.

Use These Questions From Dr. Demartini To Find Your Values On Your Search For Product Founder Fit.

Understand the difference between values and social idealisms. 

Knowing your highest values enables you to align your life’s actions with the things that mean the most to you. 

Not being aware of your highest values makes it exponentially more difficult to create a meaningful, fulfilling life. 

This is crucial for entering the no man’s land stage of your startup.

Lucky for you, you have a head start. 

Here is a list of questions from the video to help you find your values.

1. How do you fill your space?

2. How do you spend your time?

3. What energizes you?

4. What do you spend your money on?

5. Where are you most organized?

6. Where are you most disciplined & reliable?

7. What do you think about most?

8. What do you visualize most?

9. What do you have an internal dialogue about most?

10. What do you converse with other people about most?

11. What inspires you most?

12. What are your 3 most consistent goals?

13. What do you love to learn about?

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Credit: Dr. Demartini

Congrats! You are now ready to get started.

Let’s find the right markets, assess opportunity, minimize risk, analyze the competition, and quickly discover new viable business models for your technology company!

If you have any legal questions you can find out more on our startup legal services page.

“Startups succeed when solutions are desirable, feasible, and can be viably brought to market with the right operational cadence.”  – iKooru Team

1. Building A Tech Startup From Scratch. Finding The "Job To Be Done"

No more vague advice regarding how to start a tech company just the exact steps to go from customer problem to viable business model.

However. the easiest way to bring new products to market…

Is using iKooru’s launch accelerator to see clearly what objectives need to be completed next, identify risks, and gain traction on products and services. (Try it Free)

Validate Your tech startup in incubator

Before You Do Anything Else Determine Your Core Values.

2. Tech Startup Market Opportunity Analysis

Because you are a starting a startup you have something special going for you. The ability to leverage huge compute power and have robots at AWS, Microsoft, and Google work for you while you sleep. 

While you might know what problem you solve now, Remember, 42% of starts fail because they did not assess their marke correctly. 

Lucky you we have a customized list from Y-Combinators startup school to get you headed in the right direction.

DO NOT MOVE FORWARD UNTIL YOU KNOW YOU TAM

Calculate The TAM For Your Tech Startup

(Total potential customers times the average revenue per user)

  1. Do you have and advantage in the marketplace?
  2. Is the market growing at least 20% a year?
  3. How urgent is the problem?
  4. Is this an expensive problem for your end user to solve?.
  5. How often do your customers experience this problem?
  6. On a scale of 1-10 how do you compare with the current market competitors?
  7. Does your total market solve problems for more than 1 million people?
  8. Are you able to acquire customers at $0?
  9. Does your tech startup employ network effects?
Use These Questions From Dr. Demartini To Find Your Values On Your Search For Product Founder Fit.(Watch The Video Above)

Discover how to start a tech company with funding or with no money, no experience, or without a tech background.

Remove the stress of failure putting the odds in your favor by using this guide to know the next move. This how to start a tech company guide will help you find a clear path to getting traction. If you have some time here’s an interview with “Paypal Mafia” member Max Levchin for a little inspiration.

How to start a tech company or with no money, nono experience, or without a tech background.

1. Finding And Defining The Problem Clearly

2. Customer Profile

Customer Profile Template customer profile definition

3. Competitor Analysis

Competitor Comparison Chart

4. Market Research

5. Value Proposition

value proposition canvas

what is the key value proposition of google search campaigns

what is the best situation in the circles for a successful value proposition framework?

6. Business Model and Projections

Example tech startup business models
Uber Business Model
AirBNB Business Model
Slack Business Model
Trello Business Model
Facebook Business Model 
Instagram Business Model
Google Business Model
Amazon Business Model
AWS Business Model

Startup Projection Template

SaaS Projection Template

7. Hypothesis Testing (Hypothesize and Optimize)

We need to gather evidence that everything is going to come together so we know if this opportunity will work. 

We are going to use techniques that create up to 90% statistical accuracy.

8. Tech Startup Legal Documents And Banking

When looking into tech company legal documentation we recommend 

How much should a tech startup spend on legal?

Tech Startup legal Structure

tech startup legal consultation

– health tech startup legal
– fintech startup legal
– Biotech startup legal

9. Fund and Launch

tech startup seed investment.
Earnifn

Frequent Asked Questions

Starting a tech startup is for those who want to be able to scale code while controlling their own risk and reward.

Starting a tech startup is for those who want to be able to scale code while controlling their own risk and reward.

Starting a tech startup is for those who want to be able to scale code while controlling their own risk and reward.

Starting a tech startup is for those who want to be able to scale code while controlling their own risk and reward.

Starting a tech startup is for those who want to be able to scale code while controlling their own risk and reward.

Starting a tech startup is for those who want to be able to scale code while controlling their own risk and reward.

Starting a tech startup is for those who want to be able to scale code while controlling their own risk and reward.

Starting a tech startup is for those who want to be able to scale code while controlling their own risk and reward.

Follow the steps in this guide

If you are wondering when should you start a startup, then you’ve waited to long. Follow this guide and get started today.

If you are wondering when should you start a startup, then you’ve waited to long. Follow this guide and get started today.

If you are wondering when should you start a startup, then you’ve waited to long. Follow this guide and get started today.

If you are wondering when should you start a startup, then you’ve waited to long. Follow this guide and get started today.

If you are wondering when should you start a startup, then you’ve waited to long. Follow this guide and get started today.

If you are wondering when should you start a startup, then you’ve waited to long. Follow this guide and get started today.

How much to start a tech startup depends on the type of startup so it vary drastically. However getting started and proving your ideas is free. 

If you are wondering when should you start a startup, then you’ve waited to long. Follow this guide and get started today.

If you are wondering when should you start a startup, then you’ve waited to long. Follow this guide and get started today.

If you are wondering when should you start a startup, then you’ve waited to long. Follow this guide and get started today.

If you are wondering when should you start a startup, then you’ve waited to long. Follow this guide and get started today.

If you are wondering when should you start a startup, then you’ve waited to long. Follow this guide and get started today.

If you are wondering when should you start a startup, then you’ve waited to long. Follow this guide and get started today.