What makes a successful technology entrepreneur?

Photo by Christian Velitchkov on Unsplash

There are many ways to define a successful technology entrepreneur. I define it as someone who can combine their business skills with their technical skills and make a product that people buy.

You have to be able to create a product that people want that solves a problem for them.

The first step is to understand your market and what problems they are having.

For example, if you are creating a consumer product than you would focus on what problems the consumers do not have and how you can solve those problems.

You should be able to identify your consumers from their behaviour. If you don’t know where they are coming from, then you should at least figure out how they can be reached.

The second step is to understand how to design the product itself.

In order to be able to create the best possible design for your product, you need to have some technical skills so that you can build good software and some business skills so that you can sell it.

The third step is to implement a marketing plan for your product.

The marketing plan should be based on your market and how you are going to successfully distribute your product.

The fourth step is making sure that you can produce a quality product that people will want to buy.

The last step is making sure that the company is successful and sustainable in the long run. It is important because if you don’t have the resources then you won’t be able to make more products and grow your business.

Let’s take a look at Steve Jobs.

Let’s take the case of Steve Jobs as an example. He could create a great product that people wanted to buy and he was also able to effectively market that product.

He knew how to create a new product that people wanted to buy and he knew how to efficiently market it through advertising and word of mouth. After all the hard work that he put into his product, the people who bought it started using it and then they started spreading the word about it.

The more people used his products then the more they recommended it for other people to use it. The more people recommended it, the more people would want to use it.

Steve Jobs example is a perfect example of how you can be successful in this field. He is not the only person who is successful in this field. There are many other examples of successful entrepreneurs as well. There are many ways to define a successful entrepreneur and I will try to explain some of them in this article.

Let’s break it down.

I define an entrepreneur as someone who can create a product that people want and they are also able to effectively market that product.

I define successful as someone who can create a high-quality product and increase its demand in the market. The person should be able to successfully communicate with their customer base.

It is important to be able to effectively communicate because if you don’t have the right communication skills than you cannot convince your potential customers that they want your product.

If you cannot convince them then they will not buy your product, and if you can’t sell your product then you won’t be successful. If you can’t sell your products then you will not be able to effectively market it.

When we think of an entrepreneur, we usually think of someone who can create a product. I believe an entrepreneur is someone who can create a great product and be able to effectively market it.

If you are not creating something than you won’t be successful in this industry. If you are not creating a great product then you will not be able to effectively market it and if you are not successfully marketing your product then you won’t sell the product.

The key to success.

The key to success is being able to combine your technical skills with your business skills. You should be able to understand the market and identify the problems that people have and how you can solve those problems. You should also know how to design the perfect product.

If you don’t have the technical skills than you won’t be able to effectively design the perfect product. If you don’t have the right business skills than you won’t be able to sell your product. If you don’t have the right combination of these skills than you won’t be able to successfully market your product.

About the Author

I am the Founder of Cudy Technologies (www.cudy.co), a full-stack EdTech startup helping teachers and students learn better. I am also a mentor and angel investor in other Startups of my other interests (Proptech, Fintech, HRtech, Ride-hailing, C2C marketplaces, and SaaS). You can also find me on Cudy for early-stage Startup Founder mentorship and advice.

You can connect with me on Linkedin (https://www.linkedin.com/in/alexanderlhk) and let me know that you are a reader of my Medium posts in your invitation message.

--

--

--

Founder of Cudy Technologies (www.cudy.co), a full-stack EdTech startup helping teachers and students teach and learn better. I am also a mentor and investor.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Product Led Growth: Learnings from a self-serve move

Female Founders: Sandra Myers of Select Date Society On The Five Things You Need To Thrive and…

When Selling Your Purpose Too Well Will Damage Your Company — Part II

The Future of Work #5 — Andrew Hutton from Day One

5 Lessons from Building & Selling Healthcare SaaS

You don’t raise venture capital to play it “safe”

Clean Emails and Cold emails: Two great advice I got from Twitter in 2020

Validation Valley

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Alexander Lim

Alexander Lim

Founder of Cudy Technologies (www.cudy.co), a full-stack EdTech startup helping teachers and students teach and learn better. I am also a mentor and investor.

More from Medium

Developing a Successful Startup With a Remote Founder

#34 9 Things I Learned as a Founder

7 Stages for Developing a Successful Startup

Finding Growth As A Startup