In the recent top 50 entrepreneurs award, Ehud Sharir was nominated and this is for no other reason than for the amazing work he has done in the tech world with his start-up.
Ehud Sharir was happy to share insights into the tech start-up world when we reached out and according to him, the journey to becoming successful in the industry is not an easy one.
Ehud Sharir confirms to us that over 500,000 tech start-ups kick off every year and at the end of the day, they get lost in their dreams without achieving anything.
Ehud Sharir was happy to divulge the best ways to kick off a tech start-up and become successful.
Mr. Ehud Sharir listed certain steps and those steps will be extensively shared below.
Idea
According to Ehud Sharir, it’s critically important to have an idea what you want to offer as a tech start-up. Ehud Sharir says that most start-ups fail because their owners think it’s all about glamor and by the time they venture into the business, they discover they don’t have a standard idea of how to get things done and that’s it.
Ehud Sharir also goes on to share basic ways you can identify ideas for your tech start-up.
- Seek out problems
- Seek problems that pique your interest
- Find solution to these problems.
Planning and Market Research
Next on the list according to Ehud Sharir, is market research and planning. As soon as you’ve identified your idea, you have to run research to see how viable it is.
If you skip doing market research, you’re only going to harm your business before it even begins and that’s going to be on you.
Find and build a technical team
Ehud Sharir confirms that you must have a technical team who are in the same line as you. Once you have a team that’s ready to implement your ideas together with you, you’d be on your way to your start-up journey.
Make sure to build a Minimum Viable Product (MVP)
Ehud Sharir claims that this is one of the most important parts of the whole process. This is where you develop your product, the MVP is usually a very basic version of the product you’re offering. It’s something you use to find out how many people are interested in your business and how much they are willing to pay to access it.
Ehud Sharir says that with your MVP, you’ll be able to:
- Generate leads
- Get customer feedback
- Save time
Create a Business Plan
Ehud Sharir says that the next thing to do after all of this is to create a business plan. A business plan helps list out unique processes and steps you have to follow in order to be successful. It will also have to include deadlines, time-frames, required capital and so much more.
A business plan is something every tech start-up must have if they wish to go far and not derail off track.
Naming the start-up and understanding all legalities.
While naming your start-up might sound quite easy, it’s actually harder than it sounds. Ehud Sharir advises you to put a lot of thought into the name you’ll give your start-up.
Ehud Sharir also claims you should do your possible best to understand all forms of legalities involved in starting a start-up. This way, you’ll be able to stay away from trouble before it even comes.
Branding and marketing
Ehud Sharir says the last part of the whole process is branding and marketing. Branding simply means identifying your customers, creating an identity for tech start-up and a voice.
Once done, Ehud Sharir recommends having a website, this will help serve your customers faster especially when you have active competition. The finally thing you need to do, is launch your start-up when you’ve completed all the steps listed above.
Ehud Sharir suggests you make sure you’re ready to market your start-up and brand throughout the web (internet) as well as offline.
You can run ads if you wish, you can use influencer marketing, but whatever method you chose, make sure to market your brand and start getting the desired customers you seek to reach out to your tech start-up.
