18 Important Notes To Be a Tech Founder

Why Tech Startup failed badly? Below are the 18 important notes to be a Tech Founder.

1. You must be willing to wear multiple hat.
2. Do one on ones, build borne with your employee.
3. You can make money if you have an audience to your website, either by sponsorship or charging.
4. Learn to be a Salesman. Follow up!!! Most of the developer just don’t know how to sell and market. This is related to point 1 – be willing to wear multiple hats. If you just can’t sell, find a co-founder might be a solution.
5. Just because you would use and pay for a product, it doesn’t anyone else will. Customer validation is very important.
6. Most businesses are built at networking groups. Join those meeting group if you want to be effective, you make friends, collecting business card and helping people.
7. You can always find freelance or contractor to build your software.
8. Writing is 50% writing, 50% self-promotion. Basically, you can request a blogger to link your page to your article. i.e. I like your blog. Your blog helps me up so much and thank you for doing. By the way, I just put up a blog post on XXX and I would like to get your feedback and link up if there anyway you can help us promote it. That’s will be awesome.
9. You don’t have to give someone equity unless they want it. As a born developer, when you find someone can work well together, you tend to offer a partnership. Actually, you could hire him an employee and give a great bonus when the company grow. Giving equity might not give you problem now, might be later.
10. Pay professionals when its matter. i.e. hire a designer if you are not with it.
11. Provide value to others and it will come back to you.
12. Consulting is a good way to build a company.
13. Hire slow, fire fast. Spend time in the hiring process. i.e. invite the candidate to work together in a week. If you see he is no good fix, try to get them out as soon as possible.
14. Don’t over engineer. i.e. build your own billing system.
15. Spam – It works. The mailing list is really valuable.
16. Over-deliver to your customer by giving them extra feature that they need it.
17. Advertise about each new feature.
18. Don’t be afraid of giving away. i.e. free weekend access by code school.