Getting To The Point – Entrepreneurs

Several Reasons Are Responsible for Massive Failures in High Tech Entrepreneur Startups

It is far from easy to start tech company.For a tech business to make profits and survive in the competitive world, so much is involved.It is needful to ensure that you come up with appropriate services and quality products to attract and maintain the right size of clientele.Many types of marketing have been used over the years by companies so at to attract customers.Included among these are include radio, newspapers, television, and among others.

Starting tech companies takes longer than anticipated. Tech companies cost more than anticipated. Panning out for venture capital investments is scarcely achieved by 80% of all venture capital investments. It is mandatory for tech entrepreneurs to be conversant with the Sales Learning Curve.

The Sales Learning Curve will easily track the margin of contribution per Sales Yield gauged against the all customer transactions.Different tech companies exhibit peculiar shape of the curve.It is required of all tech companies to go slow before they enter the market.This is a strategy that is practiced by many in diverse industries. The confines under which the Sales Learning Curve are in the go-slow fast before entering the market.

An organizational learning takes place when sales reps meet face to face with customers and close initial sales. This happens to be a very crucial requirement for the success of the organization. There will be a complete hiring of VPs as long as there is a completion of the beta product. This strategy fails most of the time.The reason for this is lack of investing time in understanding the SLC shape for its product in the market.

In the tech startup entrepreneurship industry, a consistent pattern of highly inflated B round valuations is evident. A worthwhile note is that the down rounds for C percentage and later rounds is greater than B rounds. This effectively displays how the ignorant the entrepreneurs and VC’s are in considering the cost and time needed for moving up the SLC after completing the Beta product. The company may not immediately gain market traction as assumed by the two since it is only ready for starting the SLC process.This is a process whose duration can’t be predetermined.It may sometimes take longer for some entrepreneurs.

You will only need to hire few technically savvy sales reps as you move from beta release to first release. They will effectively act as conduits between initial customers and the tech team compensated on the organizational learnings.

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