5 reasons why you don’t succeed in your Tech Startup

A lot of people are trying to be the next Bill Gates who was the richest man on the planet, Steve Jobs the greatest CEO, Larry Page and Sergey Brin, the inventor of number one search engine in the world, or Mark Zuckerberg, created the number one social network site. These 5 reasons are based on what most Tech Startup up to enterprise has been made.



1. You don’t trust your own idea –

Every people on the planet had the ability to create ideas. Every one hour, human beings created newly fresh ideas. The problem is we don’t trust our own ideas. Like IBM, they don’t use their own ideas regarding in relational database and Larry Ellison used that idea and created a billion dollar company Oracle.



2. Your goal and purpose is the money –

One of our motivators in our life is money; you can almost buy everything like food, better clothes, great houses, expensive cars and you can be famous and everything in money. And most of the people pictures a successful person is if he/she has a lot of money. Basically, if you start a company with enough capital and great ideas but it’s not creating fast revenue or it’s not even making any cash definitely, you will quit. Money is only the result of every hard work and effort you did.



3. Raising money first before prototyping your product –

Again, money matters, you cannot launch your website without capital. You need servers, buy domain names, network infrastructure, and other services. You need to hire skilled people to maintain your data centers 24/7 and if you are not capable of doing technical jobs to support your IT assets, you need to hire developer for your product.

Then what’s next? After raising ($2,000,000) two million dollars and spending that capital without knowing if your business will make revenue and if it will survive till the end.



4. Fear to compete with the giant company –

Let say that you have a great idea, ready-made prototype, enough capital, and you have a goal and purpose to your Tech Startup but still you are small time and never heard brand name called “thesocialnetwork.com”, you are competing the number one social network site in the world. Every feature and function of your prototype is just a basic function of the giant competitors. Fear is not normal reaction of human being; according to Zig Ziglar the word fear is just abbreviation for

F – False

E – Expectations

A – Appearing

R – Real

The solution is just to overcome your fear and have faith. You are startup! You have the advantage to compete the giants. You don’t have anything to lose, you are flexible and fast. You can start on small things that competitors did not focus and see the potentials, grab that opportunity one by one, slowly and surely.



5. Lack of skill –

Even Bill Gates, Steve Jobs, Mark Zuckerberg, and many CEO are not one man band and build a big company by themselves. Engineering person hires sales person, then sales person hires engineering person, you have to recruit and build a team for your startup.






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