All You Need To Know Before Starting A Tech Company
Everyone caught up in the glamour of launching a successful startup with the possibility of it becoming the next Google or Facebook. Most of the founders dive into entrepreneurship without a plan because of the proliferation of overnight success stories. This limiting their chances of fortune and glory. That is why we here at the Cyber Nest have provided the guide for launching a startup that will help for every stage of your company.
Conduct market research
Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business.
Write your business plan
Your business plan is the foundation of your business. It’s a roadmap for how to structure, run, and grow your new business. You’ll use it to convince people that working with you — or investing in your company — is a smart choice.
Fund your business
Your business plan will help you figure out how much money you’ll need to start your business. If you don’t have that amount on hand, you’ll need to either raise or borrow the capital. Fortunately, there are more ways than ever to find the capital you need.
Name Your Company and Get Your Domain
Pick a name for your company that is simple to spell and easy to remember. The name of your company should be memorable, spellable, and engaging. Here are the short names for some companies.
Check the domain availability and register the matching domain for your company.
Below are some resources to help you name your company and secure your domain:
- Startup Company Name Generator – Just enter your main keywords to quickly generate company names and check domain availability.
- GoDaddy.com – A domain registrar and web hosting company
- HostGator – A provider of shared, reseller, virtual private server, and dedicated web hosting.
- Google Domains – Register a domain, get hosting and build a site.
- Register a Company and build a website
Also, register your company name on the social platforms as it will help you engage with your customers and clients. Here is the social platform that you should register with your company name.
Register Your Company and Launch the website
- Design Your Company’s Logo like your startup’s name, should be simple and memorable.
- Register your company so you have a legal presence in the tech world.
- Your company website or landing page should include your logo and a description that perfectly and clearly demonstrates what your offering is and what it does.
- Involve a lawyer to perform all the documentation from company registration to tax calculation.
- Start a company blog that should focus less on your offering and more on providing your audience with useful and insightful information and will generate more organic traffic towards your site.
- Connect your Website to all the freelancing platforms like UpWork, Fiverr, freelancers, and others.
Open a business bank account
A small business checking account can help you handle legal, tax, and day-to-day issues. The good news is it’s easy to set one up if you have the right registrations and paperwork ready.
COST-EFFECTIVE Tools for the Startup
- You will need an Email hosting service with your company name but all the top email companies like GStuite, Microsoft 360, and some others are expensive. We will recommend Zoho mail that has most of the features and easy to use with a very less price as compared to other services.
- You can also sign up for Slack that will help you with your day to day communication with the team and its basic version is free.
- Register your company on AWS Startup that will give you a free credit for a year that will help reduce the expense. You can use almost all the AWS services using free credit.
- Use AWS free tier services to set up your company website or other useful tools.
- Explore different open source and free tools for your startup rather than going for expensive subscriptions for different tools and services.
- “Cloudron” is tool that runs popular alternatives to SaaS apps on your own server. It includes useful applications of different categories like Project management, Finance, VPN, Webhosting, Source code management, and a lot of different apps that are available at no cost.
- Sign up for the GitHub team and start-up your organization. the basic version of the GitHub team is free.
- Use the free version of Harvest for Invoicing and managing the expenses.
- You can use Trello for the task and project management as it is free and includes a lot of features that will help you manage your work.
- Use Google Analytics to track the website visit and get some insights.
- Hubspot CRM is a great pick for startup owners. Honestly, you don’t need the frills, but you can use assistance with the data entries of your business. HubSpot centralizes your contact list. It helps you by automatically logging customer interactions, and extracting the data from the web to generate information about your potential customers.
- Canva is an online graphic designing tool. It is widely used by many individuals and startups to design social media posts, blog graphics, Twitter headers, Facebook ads, Instagram posts, and much more. With a library of more than a million fonts, images, and icons, you can come up with an array of visually appealing content.