Technical entrepreneurs love their technology, and often are driven to launch a startup on the assumption that everyone will buy any solution which highlights this technology. Instead, they need to validate a customer problem and real market need first. Don’t create solutions looking for a problem, since investors ignore these, and customers other than early adopters are hard to find.





Comments


Written by HeatherStone
3706 days ago

Hi Martin,

I think this is true to a point. There is a caveat, however. Some technology presents solutions for problems people don't even know they have yet. Think the PC, smartphones, or even television. I think it's possible that sometimes technology creates its own need -- like products. It's an aspect of business we sometimes don't consider.



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Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!