Advantages And Disadvantages Of Tech Start-Up

Legal factor - In a situation where for example a government creates a new law which could limit the demand for your product like the banning of smoking, this can seriously affect the growth of the company.

This activity is designed to encourage students to appreciate the process of generating business idea with limited funds. Anybody can come up with a good business idea regardless of their age, race, experience and others.

Like with all new technology ventures we are not without risks. It is a growing field filled with competition. Our competition, who has more resources, is as well entering the market. Our size difference can work to our advantage and given the right corporate culture we too can grow to an immense size.

The sources of new business ideas come from a variety of places. It could be from a problem that needs to be solved from a consumer, existing knowledge in a business and a vision to improve, or recognizing an alternative use for a new technology. While ideas are plentiful, the ability to bring that idea to fruition, and create a profitable business from it, is much more difficult.

With nearly 80 percent of all new business startups failing, entrepreneurship has proven itself to be a great risk in this economy. The book A Raisin in the Sun points out essential flaws and weaknesses in many venture capitalists’ thinking. A Raisin in the Sun exhibits a man named Walter

Any company’s survivability in the market place needs to take into consideration both an effective market strategy and non-market strategy. A company’s method of strategically dealing with its suppliers, customers, and competitors is called their market strategy. Non-markets strategy is all the interactions outside of suppliers, customers, and competitors. These non-market entities include, but are not limited to, activist groups, government agencies, legislators, public opinion, and the media. Therefore, a company can have a competitive\effective marketing strategy that places their products or services in the forefront of the marketplace; however there are forces outside of their market strategy that influence their market share. Thus, a

An article called “, Knowing When To Reinvent,” was composed by three company leaders, one being a CEO, to inform other company leaders about potential fault lines that have caused many companies to have downfalls. However, to prevent economic downfalls, the authors compiled a list of the downfalls and how to avoid them. Many companies have taken what seemed to be drastic measures to be successful in a changing marketplace. The thesis outlines the five fault lines within the article which are: customer needs, performance metrics, industry position, business model, and talent and capabilities (Bertolini et al., 2015).

The business may at risk of failure due to its strategy with narrow focus on high-tech products.

Furthermore, the true significance of disruptive technology even in Christensen's conception of it is not its displacing of established products. Rather, it is a great means for enlarging and broadening markets and providing new functionality. And according to Utterbacks’ explanation: “The degree to which the market was expanded by the innovation seemed to be the strongest factor favouring new entrants”, a possible conclusion might be that this leads to a never-ending circle.

In 1955, Fortune magazine identified 500 of the largest companies at that time; 60 years later only 71 of the 500 still were operating (Perry, 2015). Why did 429 companies fail to succeed after 60 years? A lack of adapting to evolving technology is a common denominator in many of their falls from the top. Blockbuster, Dell, Sun Microsystems and Sears all enjoyed enviable success which after time led to unenviable stumbles due to their lack of embracing and adapting to the evolving technology in their fields. Technology is not just a means for millennials to socialize, rather technology is setting the tone for current and future business models, urging businesses to invest more in gadgets, software etc . that will build a stronger team and provide more advanced products to the end user. Businesses have evolved since the onset of the internet expanding from the traditional storefront brick and mortar to the ability to sell to the masses by utilizing the internet to market worldwide. As technology continues to advance, communication to clients allows client relations to better track trends and be available instantly to answer client disputes through the use of SMS or provide answers to common questions allowing clients to shop at their leisure. Technology has not just become a means for providing better service and better manufactured products but allows businesses the competitive edge. Research suggests that businesses must be aware of and familiar with technological

Starting a business is the latest trend. Just take a look at Instagram. Several profiles have the caption ‘Entrepreneur’. At this very moment, there is someone, somewhere working on an idea, a business plan or launching a startup. Entrepreneurship is on the rise like never before. The flexibility and independence that comes with being one’s own boss is attractive and worth taking the leap in starting a business. However, most people don’t know that being an entrepreneur is a grueling journey that can be very lonely and stressful at times. According to the Small Business Administration (SBA), 50% of businesses fail during the first year. Starting a business can be a scary task, but the

The author defines “technology” as the process by which any organization transforms labor, capital materials, and information into products and services of greater value. The book makes a case study of the disk drive industry as a whole because it is the best model for how disruptive

The research project combines the research of new products and new enterprises in order to make a more comprehensive assessment of relative success factors. This article is based on two studies which are focus on a questionnaire survey of 68 projects, using 24 CEOs of new technology companies as respondents to collect the data by giving the respondents some structured questions (Stuart and Abetti, 1987). And the paper puts forward many hypotheses about the success or failure factors of the company. Although this article only used a quantitative research method, a large number of samples increase the credibility of the data (Cooper, Schindler & Sun, 2006). The findings confirm that the importance of entrepreneurs' prior experience, knowledge base and skills, such as product innovation, technology and marketing strategy, which will play a key role in the start-up period of enterprises (Stuart and Abetti, 1987). However, important factors are considered to be abandoned, and these factors may also play a role in success, but the authors have not been able to capture their impact. In this paper, they should encourage the respondent to response the survey question in a more effective way to improve the reliability of the data (Malterud, 2001).

do not ignore that with which you compete, or that which can devalue your company, especially if in the same market.

Many startup founders have shared the same vision, to employ innovative technology for making a prodigious impact on the everyday lives. In order to establish a startup company to change the world, one must be determined. Essentially, there are three primary areas, products or services, technology and market segment, need to be cogitated when initiating a startup. First, what products or services is it intended to create? What are the global impacts these products or services might make? Second, how might it create them? What technological knowledge the founders and their employees have possessed? How might they apply their knowledge and skills to create these products or services? Which platforms and hardware will these products or services be compatible with? Finally, who will be the target customer? These fundamental questions in each area need to be thoroughly analyzed and identified the most preferred answers. Bear in mind that the answers will then become the preferred paths startup founders have chosen to follow.