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Have you considered starting a tech business that might compete with Google, Apple, or Facebook in the future? This may sound like a utopian dream, but nothing is unachievable with the correct plan, talent, and vision. With proper planning and understanding of the market trends and needs, you can avoid any uncertainties. Following are the pivotal steps you can take as an aspiring tech entrepreneur to ensure the success of your business in the UK. Building the Product – Your product should make up at least 30% of the work required for a tech business to survive. You'll stay one step ahead of the competition, focusing less on other areas like marketing and recruiting for human resources. Set Focus – You must be strategic and laser-focused on your short- and long-term objectives while starting a tech firm. A tech business should have both product and service identities. Pick one of them to keep your vision focused and be on the safe side. Take that First Step – Most ambitious tech entrepreneurs are uncertain about the best time and method to launch their company. You will be astonished at how much you will need to learn as you go along as long as you have a workable company plan. Take Failure Sportingly – If you haven't tried anything, you can never be too confident of it in technology. Learn from your errors, pick up the pieces, and continue to improve every day. Failure provides you with the chance to make better decisions. Never Compromise on Business Strategy – Your business plan can't permanently be changed to suit every client. Most tech firms think they will succeed by tailoring a given solution to their customers' unique demands. It is beneficial to uphold your ideals, even when first starting. Get the Correct Resources – It is usually good to get cutting-edge, functional machinery to assist in carrying out the different business tasks. The operations of a start-up hugely depend on human resources, so collaborate with professionals who understand the specifics of the industry and share your vision. Connect with Other Tech Businesses – Start establishing connections with other tech experts and business gurus. Always watch for partnering opportunities to keep up with the ever-evolving business landscape. Starting a tech business is scary because 80% of businesses fail yearly. However, if you are coming through start-up, your chances of failure are much lesser...here is why 1- Your idea is evaluated and endorsed by tech business experts who have raised companies from nothing to million-dollar businesses 2- You have a robust support system; the Endorsing Body will handhold you in your business journey with all kinds of support. 3- Endorsing Bodies will help you expand your network by introducing you to top-notch tech experts and business leaders 4- Securing Investment is a big challenge. Still, under the start-up visa, you have an opportunity to get introduced to investors, and many times, Endorsing Bodies also invest in businesses they like the most. After all, London is the investment hub. As we approach the end of 2022, hurry up few places left under the program. So, that’s it for today’s video. We hope the steps mentioned in the video will help you ensure that your start-up succeeds in the competitive UK market. Thank you for tuning in for this informational video. Subscribe to our channel if you’re new and hit the bell notification icon to get notified of our future uploads.