What should a technology strategy for an early stage start up be?

Entrepreneurship or an idea of a startup is a very exciting aspect. And it should be as it is either a person or a group of people who have this idea to solve a need and be profitable while being autonomous. A recent survey by incfile mentioned that aroud 78% of non business owners want to be an entrpreneur.

In the world that we are currently living in, technology plays a very important aspect in our lives. We can come to a conclusion that technology will be a key enabler. We also want to re-iterate that technology is a key enabler and a means to solve a business need.

Whenever entrepreneurs want to test the feasibility of their idea they turn to technology which is great, but this is where choosing the right technology partner can make a difference. This is where Yajur can help you with fractional CTO services.

So what should the technology strategy for an early stage startup be? This is also generally referred as a pre-seed stage. This is where you are testing your idea to basically fail first. In this stage the technology strategy is to not use the best cutting edge technology out there but we technology decisions should be focused on getting the product out to the market and choosing technologies that support it.

What we mean by that can be understood by an example. An entrepreneur has an amazing idea to develop this technological product that is going to solve a problem for school system. The entrepeneur hires a CTO or consults with technology enablers where they are flooded with slide decks of how they can make the idea a reality to test it in the market. In this scenario, the entrepreneur should choose a solution that is cost-effective and can quickly get to the market with a simple architecture. Basically choosing a technology partner or technology consultant who can deliver what is called as a minimum viable product(MVP) without any bells and whistles.

If you are an entrpreneur or a start up, who need direction from a technology perspective, feel free to reach out to us on nikhil.nomula@yajur.tech or schedule a free consultation at https://yajur.youcanbook.me/

Sources:

https://bizee.com/small-business-trends/entrepreneurial-mindset?redirect=fromIncfile