Want a Thriving Business? Focus on Tech Entrepreneurship!

July 9, 2019 | No Comments | Written by Elizabeth T.

The 21st century has seen a surge in the employment of technology. We use it in nearly every sphere of our daily lives- our healthcare systems, financial sector, entertainment industries, and commercial markets.

It is no wonder then that every professional entrepreneur’s successful business being run today draws heavily from technology and its many applications. All of which has led to the emergence of a new field – tech entrepreneurship.

Who is a Tech Entrepreneur?

Tech entrepreneurs employ technology in order to invent, innovate and establish their business endeavors aimed at a huge turn over in profits. These business ideas are centered around technology and its benefits, depending heavily on customer data and how this data helps further the business. How to Start as a Tech Entrepreneur
Creating a tech start-up without tech knowledge can seem daunting. However, the lack of this knowledge does not have to stop you from bringing your ideas to life.

1. Find your idea: Don’t dismiss your tech entrepreneurship idea for a business because of a fear of failure. Find it, finesse it and put it to use.
2. Find the people: Don’t keep your idea to yourself. Talk about it, ask around. This will help you not only get feedback but also find the people who would be willing to be a part of your business.
3. Find the money: Ask your family, friends, relatives. Backers are willing to invest in your dream.
4. Find yourself: Running a company isn’t always about being the smartest person in the room. If you’ve done it right, you’ve managed to find talented, skilled people as dedicated to your goals as you are. Learn what your individual assets are and make the best possible use of them.
5. Be ready for change: Market trends are constantly on the change. Build your business in a way that it is always ready to adapt and overcome these ups and downs.

Famous tech entrepreneurs

This century has emerged as a century for tech entrepreneurs. These are the people who are behind the tools that you use every day.
1.Bill Gates: The man behind Microsoft which gave the world the Windows Operating System.
2.Steve Jobs: The co-founder of Apple. The company that gave us the iPod, the iPad, the iPhone, and the Mac.
3.Larry Page and Sergey Brin: The men behind Google, the tech giant that is indispensable today.
4. Mark Zuckerberg: The mind that created Facebook, and with it revolutionized social media platforms.
Biggest Technologies On The Block

There are currently five areas that are slowly rising to be the most influential in the tech industry, that you can focus on for your tech startup ideas.

a.Internet of Things (IoT): The smart fridge that orders milk when you’ve run out, the lights that turn on once you get home, the grill that tells you when your food is cooked just right. All of these involve the Internet of Things.
b.Artificial Intelligence: While the futuristic version of Steven Spielberg’s movies is still not a reality, technology today has brought us pretty close. The clearest example of this being Apple’s Siri.
c.Wearables: Wearable technology includes recent products like smartwatches that monitor your vital signs.
d.Virtual Reality (VR): A revolution in the world of gaming, products like Oculus have been out for years.
e.Drones: Drones have been poised to one of the greatest improvements in the world of transportation. Their other uses include agricultural irrigation, rescue operations, firefighting, and many others.

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