3 Mistakes Tech Entrepreneurs Can’t Afford To Make

Posted On Oct 15, 2015

Getting technology into work is obviously important in today’s world. We see a lot of prototypes and think it’s a great idea to make something happen with it. But often the distance between just talking about it or showing some slides or showing some small prototype of it and having a really functional and scalable technology can be quite challenging. Good entrepreneurs have to be careful about what they are capable of doing and what they’re really supposed to do. They need to show that they have the necessary skills to do whatever it is needed to do effectively. So let’s look at those components and those biggest challenges that tech entrepreneurs are facing these days. Here are the top 3 things that tech entrepreneurs shouldn’t be doing.

1. Not questioning things

There are a lot of technology people who want to invent things rather than utilize what is out there. One of the biggest mistakes that loads of entrepreneurs are making today is they really brush aside the nagging questions they should ask themselves time and again. So what are these nagging questions? What is the number one reason why this company will succeed, what has to be true for this company to succeed, what has to go wrong for this company to be a failure? These are some of the million dollar questions a tech entrepreneur should always ask to oneself.  

2. Inefficient with time 

Entrepreneurs make a big mistake quite often very early on, which is being very inefficient with their use of time. So, one of the tips for the entrepreneurs on how to be much more efficient with their time is to really be ruthless about who they’re meeting and what opportunities are coming their way. If they understand what the drivers of their business are, they can easily figure out whether every single opportunity is fulfilling that purpose of what’s really critical to their business. 

3. Commercial drivers

The metrics-driven data drive in the ecosystem and the market has made entrepreneurs really focused on a sort of vanity metrics. So vanity metrics are often very top lying things like the number of visitors to your website and the amount of time that they spend on your site. It can seem like visitors are really spending a lot of time in your site but it’s rather about what they’re actually doing. Are they using the products the way you intend them to or are they doing something completely different? How does that impact your business and how does that influence what you’ll ultimately sell either to that customer or someone else who might be using your website.    

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