Answers to Two Common Entrepreneurship Questions

Jan 20, 2020

Being an entrepreneur is hard. This is why one of the best things entrepreneurs can do is get out there and ask questions. Whether you’re specifically looking for tech entrepreneur advice, or you just need general tips for entrepreneurs looking to avoid common entrepreneur mistakes, these questions are bound to be relevant to your endeavor.

entrepreneur mistakes

How Do you Come Up With Ideas?

The workings of inspiration largely remain an enigma to us all. Often, ideas can seem simply to materialize from thin air. But those who have extensive experience in the business of coming up with ideas inevitably have some tricks up their sleeve. A common approach is combing through one’s own life for areas in which one needs assistance.

If you find a daily problem in your life — or even something rather rare or niche — and there doesn’t seem to be any solutions available, there’s a good chance you have a business idea with real potential on your hands. Don’t stress if the issue you’re addressing feels too specific; there are so many people out there, some are bound to have had a similar experience.

How Do you Choose the Right Business Idea?

Anyone who has come up with a business idea knows, the first thought that appears in their head will inevitably be, “Is this idea actually good?” Sadly, if this question had a simple answer there would be far more business owners out there. However, there are a number of key questions you can ask yourself to maximize your chances of success:

  • Does this idea sufficiently match my interests?
    One of the classic entrepreneur mistakes is choosing to work on an issue that does not personally move them. You can have a great idea, but if pursuing it would make you miserable, there is no point. You must find a degree of joy in your work, or else it will not be sustainable.
  • Do I possess the skills necessary to pursue this?
    One of the best things an entrepreneur can do to increase their chances of success is leverage skills they already have. If you feel like you are out of your element when working on a project, you’d better do your research!
  • Can I feasibly start this project given my situation?
    Numerous personal factors can impact the success of a new business venture. If you have an amazing idea, but you live nowhere near the region where the market for your idea exists and you cannot relocate, it may not be the right time. Entrepreneurship is not just a financial investment — it’s a personal one. Finances do play a highly significant role in a venture’s success, though. In fact, a study by U.S. Bank found that 82% of all business failures were the result of problems with cash flow.

For more tips on avoiding entrepreneur mistakes and starting a successful venture, visit raffertypendery.com

How to Impress Event Managers by Being the Next Best Paid International Speaker

Jan 15, 2020

Would you like to be a paid international speaker to share your insights with audiences all across the world?

Rafferty Pendery is a public speaker who started as an entrepreneur. He founded his first company when he was only 11 years old. He has partnered with NASA, the Canadian Space Agency, as well as many other companies, from small to top Fortune 500 businesses.

Today, Rafferty is a paid international speaker who is sought after by businesses for their marketing events. Event managers are always looking out for people who can inform and entertain their audience. If you want to be a keynote speaker, you need to understand it from the event manager’s perspective.

All About the Image

In the United States, you can be paid anywhere from $2,000 to $30,000 for your speech, depending on your clout. A paid international speaker may be a celebrity, top entrepreneur, or athlete who can demand a fee well over $50,000.

Event managers view the money they pay these personalities as an investment. When they consider different speakers for their next event, they tend to pick those who can bring a good return on their investment.

Also, event managers look for people with an image and message that will resonate with their audience. Even though you may have clout, if your message does not align with the event, you will not have as much of an impact. Therefore, an aspiring paid international speaker should do a lot of research on the platform they want to share their stories.

paid international speaker

Telling a Compelling Story

In public engagements, stories should be simple yet compelling. Some of the information you share will be complex and boring in its natural form. Many people tend to be anxious when speaking in public. That includes more than 58% of lawyers who are often introverts.

But anxiety is not always the issue; rather, it is one’s ability to weave a narrative and captivate the event’s attendees. International public speakers with experience can tell a nondescript story by adding plot twists and mysteries. They can take on any topic like finding a business partner, or how to become a tech entrepreneur. They then break it down into a narrative that is easy to understand and remember.

Show How Your System is Effective

Another critical aspect of public speaking is how you demonstrate the efficacy of your system. Even though your online marketing or entrepreneurship model may be useful, you may present it in a way that does not resonate with your audience.

A paid international speaker should show how the system will work in a different economy with varying demographics. It is one of the areas that you need to research. Otherwise, the audience will ignore the message.

You can improve your speech by finding the right type of presentation. There are four different types.

  • Informative: The goal of the presentation is to reinforce or expand on existing information. It is used by experts and industry players.
  • Instructive: The presentation aims to provide the audience with practical information they can use in their day-to-day life. It often involves hands-on workshops to teach attendees how to use a new application or tool.
  • Inspirational: Inspiration is used by motivational orators who want to influence people with their ideas. The most powerful tool for paid international speakers is great storytelling.
  • Entertainment: The presentation not only employs information through public speaking, but it often includes performances such as comedy or musical arts.

You may check your presentation with your colleagues, friends, or peers in the industry before showing it to the public. If you run a tech or entrepreneurship blog, consider giving out some information to test your audience’s reaction and to bring in more fans.

Bottom-Line

Becoming a paid international speaker involves a lot of work in terms of research and writing compelling stories. However, the work also has many perks, which can include visiting new places around the world, influencing people, and of course, making money doing something you love.

how to become a tech entrepreneur

3 Myths About Starting Your Own Tech Business

Jan 10, 2020

Several tech entrepreneurs have become celebrities in the recent past. Thanks to the media covering them extensively and sometimes sensationally, they continue to inspire awe and admiration. Since the advent of the internet, this breed of businessmen and women has been on the rise. They have become larger than life, taking the same rank on the food chain as rock stars and Hollywood actors.

Unfortunately, these fancy news stories tend to contribute to myths on how to become a tech entrepreneur. The characterization of their personalities sometimes distorts how people perceive the tech sector and its function. This article looks at some of those misleading ideas that can derail your journey as you plan your tech venture while offering some tips on how to succeed as a tech entrepreneur.

how to become a tech entrepreneur

Myth 1: As boss, you can do what you want

Part of the misconception on how to become a tech entrepreneur is the idea that being your own boss makes life easier. That is probably because most high-profile people in the technology business seem to have an easy time. It may seem like all the heads of tech companies do is to give orders.

However, it is one of the critical entrepreneur’s mistakes to jump into this career simply because it seems greener on the other side. You need to remember that business requires a lot of work and planning. During the initial stages of the startup, the head of the organization must be careful not to neglect the core responsibilities. That means you may have to work for longer hours than you did at your previous job.

You should commit fully to making your idea a reality. It will involve a lot of research, understanding the market, setting up the business, and finding a business partner. That is why it is always advisable to start an initiative that revolves around something you truly love. Passion will keep you going when the journey gets tough.

Myth 2: You need a completely unique idea

Another myth on how to become a tech entrepreneur is that you need a completely new idea for the market. As they say, there is nothing new under the sun. Many of the earth-shaking ideas that have taken over the technology industry today were innovative tweaks to existing products.

Some of the most successful startups were set in motion by observing an existing gap in the market. For example, Lynda Weinman was teaching web design when she realized her students could only access bland and plain textbooks. She began working on Lynda.com to provide online tutorials that were more engaging. She would later sell the company for $1.5 billion to LinkedIn.

You can also combine a set of skills to address a pressing need. For example, Shutterstock founder Jon Oringer was a software developer who enjoyed photography as a hobby. He used his collection of photos to start a stock image website that is now worth more than $2 billion.

Myth 3: You have to be a reckless risk-taker

Another myth on how to become a tech entrepreneur that tends to discourage aspiring businessmen is that you need to be continuously taking risks. Statistics show many small businesses fail within the first five years. One major cause of failure is lack of planning and cash flow problems.

You need to have a clear outline of your plan that is within safe limits of risk. Do not be tempted to use your mortgage or all your life savings to start a business. It may sometimes be wise to delay quitting your full-time job before you can properly establish your startup venture. Indeed, risk-taking is an important part of running an enterprise. But manage these risks wisely so that you can effectively steer your business through the hard times.

Entrepreneurs can get caught up in the fantasy of being the CEO. To avoid this pitfall, focus more on the nuts-and-bolts of your business, rather than fancy ideas about your business. That way, you will have the right mindset, which will help you avoid myths, misleading notions, and common entrepreneur mistakes.

4 Barriers To Becoming A Better Public Speaker

Jan 6, 2020

Having a fear of speaking in public is extremely common. In fact, about three out of every four individuals suffer from speech anxiety. As a tech entrepreneur, possessing a strong public speaking presence can be detrimental to your career and entrepreneurial success. Thankfully, this skill is malleable and can be improved upon. If you have been wondering how you can improve your own public speaking skills, check out these four potential barriers to success and how you can overcome them.

tech entrepreneur

Past Failures

As any tech entrepreneur can tell you, failure is inevitable. One of the biggest obstacles people face when developing their public speaking skills is the haunting remembrance of a time when they forgot their words in front of crowd, or had to run off a stage after puking from stage freight. If you’ve had a horrible experience with public speaking, the first thing you should do is admit that you missed the mark in the past. Then, accept that learning opportunity and decide on what can be done differently in the future. Do you need more practice speaking in front of a smaller groups first? Or perhaps not drinking coffee before a big presentation can help calm your nerves.

Insufficient Preparation

Delivering a proper public presentation is only about 30% of what goes into public speaking. The other 70% is preparing what you want to say, and practicing it. Failure to prepare is another common reason speakers fail to impress while public speaking. Each person has their own preferred method of preparing for a speech or presentation. You may choose to write out what you plan on saying, to create a bullet-point list of key talking points, or to rehearse the presentation in front of a close friend. If you do choose to have someone else listen to your presentation before you give it, make sure you allow that person to give you feedback on how you did.

Lack Of Real Engagement

In today’s modern society, the internet is more accessible than it has ever been. Although texting and talking with your keyboard is more convenient and easier than talking in person, any public speaker can tell you that avoiding conversation in real life is not helpful in learning how to succeed as a tech entrepreneur. You need to learn how to think on your feet, and how to get back on topic in real time if you drift off on a tangent. You cannot learn how to read your audience behind a computer screen, and you certainly can’t feed off the hype they give you when you’re killing a speech.

Failure To Self-Evaluate

This is one of the most common entrepreneur mistakes being made. You cannot let any success you have had in the past go to your head, including previous public speaking wins. You need to constantly be evaluating your performance, and trying to improve on your weak points. A great method for doing this is to have a trusted friend watch your speech, then compare your notes. Ask yourself, did your friend have the same impression of your performance as you? Did they understand your message? Did you seem confident throughout the entire presentation?

Final Thoughts

Getting over a fear of public speaking can seem impossible, but it doesn’t need to be. As a tech entrepreneur, you are resilient. Just like any other skill you’ve learned, becoming a stronger public speaker takes time and practice. As long as you can identify what is holding you back, like a previous failure, you can learn to overcome it. So take the time to prepare for your next presentation, and have a friend help you assess how you did once you finish.

entrepreneur tips

How To Secure Funding As An Entrepreneur

Dec 18, 2019

Once you have thought of that once-in-a-lifetime idea and have researched how to become a tech entrepreneur and how to start a business, the first step you will need to take is securing startup funding. Richard Harroch, a venture capitalist, has said, “It’s almost always harder to raise capital than you thought it would be, and it always takes longer. So plan for that.”

For instance, many new businesses require funding for legal work, logo design, and other expenses. Figuring out the best way to fund your business can be difficult and there are many entrepreneur mistakes you will want to avoid.

Entrepreneur Tips

It often requires a great deal of capital to turn your dream idea into a real business, but you likely do not have thousands of dollars lying around in savings or know others who are willing to gamble away their hard-earned cash. These are a few entrepreneur tips for those looking to raise money for their small business.

Bootstrapping

Most entrepreneurs start by self-funding, a method also known as bootstrapping. Regardless of the amount, there are numerous benefits to investing in yourself. In the future, potential investors will like to see that you incurred monetary risk. Many entrepreneurs bootstrap further by forgoing a salary, tapping into their retirement savings, and taking a side job to earn a living while their business is in its early stages.

Friends and Family

If your friends and family are willing to help fund and grow your small business, this path can provide several advantages. Family and close friends are often willing to invest in their familiarity with you as a person, while larger investors often require evidence of an established and profitable company. Over 30% of startups receive funding from family and friends, totaling over $60 billion every year, more than angel investors and venture capitalists combined, according to Upcounsel.com. To avoid common entrepreneur mistakes, make sure you have a written agreement that outlines the terms and conditions of these investments.

Crowdfunding

Crowdfunding has recently and rapidly become one of the most popular ways to fund a small business. To be eligible for crowdfunding, you must be able to offer a product, service, or incentive in exchange for a small amount of funding. Since this is viewed as a pre-sale instead of an investment, contributors do not receive equity and the process is not regulated by the SEC. However, equity crowdfunding is an option as well, which allows you to receive small investments. This means your contributors will become shareholders with dividend and voting rights as outlined in your agreement.

Practice Public Speaking

Many entrepreneurs overlook the importance of public speaking and presenting when funding their small business. Along the way, you will likely have to develop and utilize your skills as a public speaker to give presentations and pitch to potential funders. But don’t sweat it, research has found that content is not nearly as important as delivery during a speech or presentation. Surveys have found that content only accounts for 7% of a good presentation. Therefore, it is important to practice the fundamentals of effective public speaking, such as talking points, knowing your audience, eye contact, appropriate pace, and rehearsing. Non-verbal communication accounts for 55% of an effective presentation, while voice accounts for 38%.

Most people are eager to be involved in something special. If not, they can be easily convinced. By utilizing your skills as a public speaker and avoiding entrepreneur mistakes, these entrepreneur tips will help you fund your business and achieve your dreams.

Do You Have What it Takes to Be a Tech Entrepreneur?

Dec 12, 2019

Did you know that having a fear of public speaking can have a significant negative impact on your career? In fact, those who fear being a public speaker make 10% less on average than those who don’t.

If you spend your time browsing tech entrepreneur blogs and reading books about such titans like Bill Gates and Jeff Bezos, chances are you dream of being a tech entrepreneur yourself.

Of course, the reality is that most startup entrepreneurs will not go on to become rich celebrities. And reading every tech entrepreneur blog out there won’t change this.

This is not to say that you shouldn’t reach for the stars as an entrepreneur. Whatever your passion is, you should pursue it with all your heart to achieve the best that’s possible for your happiness.

But those are the critical key words: passion and happiness.

Like any automobile, a startup can’t run on fumes for very long. You’ve got to have lots of “gas in your tank” to keep your business going through the tough times: inspiration and passion. Those may sound like airy-fairy words, but if you’ve ever tried accomplishing the impossible, you know their importance.

Building a business, getting rich, and taking over the world take enormous energy and conviction. Not only must you legitimately love what you’re doing (or at least why you’re doing it), you must also be 100% convinced that you can succeed — and that it will be worth it.

Of course, there will always be those people who seem capable of pushing them through difficult times with nothing but their ego to drive them. But these are the exception, not the rule. So before you get up from reading tech entrepreneur blogs and books, ask yourself the following questions to better decide if tech entrepreneurship is really where you belong.

Do you have a passion?

Too many people who get into entrepreneurship have only one thing driving them: the desire to escape a job they hate. They feel like they’re trapped inside their cubicle, and they want out. The problem with these people is that they aren’t inspired by any particular product or service idea. Without a specific, tangible dream, they won’t be able to uncover what they do want.

Being a tech startup entrepreneur is like being a professional artist. You can be a hobbyist while you work your day job, but if you want to go full-time, you have to be completely dedicated to the dream. It’s not a backup plan or a job alternative. It’s a completely new, radical, no-holds-barred lifestyle. As Wayne Sermon from Imagine Dragons has said, “You don’t do music, unless you have to do music.”

If all you want is a steady paycheck that doesn’t require you to work the same awful job every day, then there are other ideas that will get you there faster. Investing or building a lifestyle business might both be effective means for getting your freedom.

If you want to be free, don’t become a tech entrepreneur. Like musicians, you only get into tech if you have to do tech: because you have a burning desire to make an idea a reality.

Can you handle the entrepreneurship lifestyle?

There are really only two qualifications for getting started as an entrepreneur. The first is having the passion. This will get you through any roadblock. The second is a willingness to put up with the discomfort.

Starting a business is hard, and tech business may be the hardest there is. That doesn’t mean it won’t be enjoyable. If it’s right for you, you’ll find it incredibly exciting. But it’s also incredibly taxing.

If you need streaming services, organic food, and featherbeds in order to feel comfortable, entrepreneurship is not for you. If you can deal with anything in pursuit of a dream, then it might be a good fit.

This is step one for how to become a tech entrepreneur. This should help you realize what’s right for you.

entrepreneur tips

Understanding Entrepreneurship And The Mistakes To Avoid

Dec 7, 2019

Ask random people on the street whether they are entirely happy with their jobs. Most probably you will get you one, almost unanimous, answer from most. A resounding “No!”

A good number of your interviewees will try to sound optimistic. However, the bottom line is that most people, especially Millenials, find a nine-to-five job dreary. It turns out that job satisfaction has more to it than a good salary. It may be convenient being able to pay your bills on time but merely working to pay your bills is draining.

Furthermore, having money to splash around does little to help attain an ideal work-life balance. The goal of this article is, therefore, to present entrepreneurship as an alternative to employment. It should avail useful entrepreneur tips to anyone with a genuine interest in starting a business.

Common Entrepreneur Mistakes

Becoming an entrepreneur and starting a business can seem like an easy way out when you are part of the employed workforce. However, starting a business has never been a bed of roses.

entrepreneur tips

A recent study conducted by a major U.S. bank has revealed the real situation surrounding modern-day entrepreneurial ventures. Over 82% of small and medium-sized business startups fail within the first few months due to cash flow problems. However, this outcome should not impede your resolve to become an entrepreneur. The entrepreneur tips discussed below will help you avoid some entrepreneurial mistakes that have led many to failure.

1. Competitor Blindness

Except in very rare and exceptional cases, there is a painful reality that entrepreneurs fail to accept when it comes to business ideas. This is the fact that in most cases, there already exists a company or business that has applied the same concept or solution to the problem you’re trying to solve.

Unfortunately, many entrepreneurs have blindly believed that their product or service is unique or infinitely better than existing offerings. Sadly though, these two assumptions have been the most significant contributors to startup failure.

One way you can avoid this common entrepreneurial mistake is by carrying out thorough and comprehensive research on your intended product or service. You can obtain loads of valuable entrepreneur tips on entrepreneurship blogs, startup podcasts, and other online resources. Be sure to also carry out actual street-level research for a comprehensive picture of market potential.

2. Starting Big

Another common mistake made by startup business owners is the unwillingness to begin at the most basic level in their chosen niche. For example, if you have an improved shoe design idea, then the most basic level for your venture is creating and selling just a single pair. You get to learn a lot from just prototyping one shoe, outsourcing its manufacture and then getting a customer willing to buy it. Unfortunately, most entrepreneurs begin by taking jumbo loans to invest in shoe-making machinery.

A successful startup is not founded on money alone but actual, sometimes physical, hard work.

3. Impractical Marketing Strategies

The digital age necessitates that a business embrace technology from the get-go. This means creating a website for the business, coming up with a blog, being active on social media, and so forth.

All this might be convenient for a tech entrepreneur, but it can be overkill when starting out in some business niches. For example, if your product is confectionery, then physically marketing your product at local events is a practical way to attain a viable customer base. As your business grows, you can then opt to make use of online marketing platforms.

4. Lack of Backup Cash

Establishing financial backup comes last in this list of top entrepreneur tips. A startup business will face an initial period of high day-to-day running costs before it begins generating any revenue. These costs will include rent, workers’ payroll, paying suppliers, and many other critical expenses. This is why you need to set up an account exclusively dedicated to meeting the daily monetary obligations of your business. Once your business breaks even, you can then allocate the resources in your backup account to expansion and other business aspects.

In Conclusion

Entrepreneurship remains the only route for those who want to realize true freedom, both in their work and their social life. If you are in this category of free-spirited people, then this article could act as a guide for your entrepreneurial ambition.

tech entrepreneur

Diversity In Entrepreneurship: Why It’s Important And How You Can Promote It

Dec 4, 2019

When you were an aspiring entrepreneur, you probably had a role model you looked up to. Whether it is was a parent, coach, or an established business person, this person likely motivated you to become the entrepreneur you are today. If you’ve been looking for ways to return the favor and become a role model yourself, check out these quick entrepreneur tips on how you can promote diversity in the world of tech entrepreneurship.

Why Diversity Is Important

Thinking that diversity is just a number in your business’s hiring statistics is a mistake. Having a diverse team can lead to higher levels of team creativity, more innovative ideas, and a healthier work culture. By having people from different backgrounds and different experiences, you will also be able to capture more of the market and avoid marketing pitfalls. Take luxury fashion house Dolce & Gabbana for example. In 2018 they aired an ad in China that portrayed a Chinese woman having difficulty eating pizza and spaghetti with chopsticks. This ad offended many Chinese people and even caused Dolce & Gabbana to cancel their upcoming Shanghai fashion show. If their marketing team had been more diverse, however, this could have been prevented with additional insights from Chinese employees.

tech entrepreneur

How Diversity Promotes Innovation

In addition to helping you avoid making common entrepreneur mistakes, diversity can help tech entrepreneurs create more innovative ideas. People from different backgrounds can look at the same problem and collaborate on how to attack it. This can also help you find consumer patterns you might otherwise overlook by pulling from multiple perspectives.

How To Promote Diversity In Tech Entrepreneurship

The very first thing you need to do is delete the phrase “a voice for the voiceless” from your vocabulary. If you consider yourself to be a strong public speaker, this is especially important because, generally, people aren’t being honest when they use the phrase. When advocating for diversity, it is important to let marginalized people speak their truth. Use your voice to amplify their perspective, not to override their existence.

According to data from Kauffman, 40% of new entrepreneurs in the U.S. are now women. So if you’re trying to promote entrepreneurship in young women, for example, your audience will be better served if they hear about this topic from a woman who is killing the entrepreneurship game. If you’re looking to provide resources to underprivileged communities, consider talking to the people who live in that community before making any decisions.

How to Conquer Your Fear of Public Speaking

Nov 14, 2019

As a tech entrepreneur, it’s common to have some sort of anxiety tied to the thought of public speaking. In fact, three out of four individuals suffer from speech anxiety. It can feel crippling but with dedication and much practice, anyone can improve.

Effective communication can lead to new opportunities and professional connections. For a tech entrepreneur, this holds especially true. Thankfully, there are several ways to ease your nerves before delivering a speech to a small or large crowd. With consistent practice, you can become a strong public speaker in no time.

Find a Local Meetup Group:

It’s a great idea to get familiar with local meetup groups that focus on public speaking. You can attend and observe at first, then eventually work your way up to presenting something. Interest groups are a great way to improve in a supportive environment.

Let Family and Friends Critique You

If starting your journey presenting to total strangers scares you, that’s okay; try to practice speaking in front of family or friends instead. Choose attentive loved ones so you can gather insightful feedback. If gathering a large group is nearly impossible for you, then prepare a speech and video record yourself. Acknowledge your strengths and weaknesses without judging yourself too harshly. Use that feedback to improve with each recording. Be sure to take note of anything that can be distracting for the viewer.

Prepare Strong Talking Points

Begin by discussing topics that you’re most passionate about. The audience will resonate with your authenticity and be able to instantly connect with you. It’s important to develop strong talking points in your speech that you can be confident in. Consider creative ways to apply what inspires you and motivates you. This is a great time for the digital entrepreneurs to dig deep and utilize their many available resources.

Practice, Practice, and More Practice!

Rehearse your speech until it becomes familiar. Don’t be afraid to make any necessary modifications. If you’re uncomfortable with something — or just can’t seem to grasp the delivery — move a few sentences around or omit it altogether. Revisions can help drastically improve the flow of your speech. Knowing that you’re capable of delivering your speech can help to ease anxiousness on your big day.

Don’t Let a Mistake Define Your Speech

Don’t get hung up on any hiccups or mistakes when you give your presentation. Remember that the audience is human, too. Not even paid international speakers always have a perfect delivery. Stay focused on successfully delivering your message while you have the audience’s attention. A great speech can’t be ruined by a mistake unless you allow it to be, so muscle through it! You can acknowledge your mistake in a joking manner if you feel it’ll help you comfortably move forward.

As a tech entrepreneur, you’ve already overcome various obstacles. For more advice on how to become a tech entrepreneur, rely on Rafferty Pendery today.

Avoiding Entrepreneur Mistakes: Help Your Business Thrive with These Tips

Nov 11, 2019

It is easier than ever to start a business, but it is a challenge to manage a company and take it to the next level. Reports show that of all the small businesses that started in 2014, only 80% made it to 2015. This is because many startup entrepreneurs do not know how to avoid dangerous mistakes.

Entrepreneur mistakes can affect your business tremendously, so much so, that you might end up closing up shop in the span of a couple of years. Therefore, it is vital to know the tips for avoiding entrepreneur mistakes. These tips apply in all fields, including the tech one. If you want to be a successful tech entrepreneur, you need to have strategies for avoiding entrepreneur mistakes. Here are tips that will give you a guide on how to succeed as a tech entrepreneur.

Become a Successful Public Speaker

Most people in the world are not technology gurus. Therefore, you need to be a successful public speaker to help people understand the idea that you are bringing to the market. Many unsuccessful business founders in the tech industry concentrate on bringing their idea to the market instead of ensuring that their products are understood by their consumers.

Learning top skills from an international public speaker is a great way to make sure that your content is accepted globally. Ensure your presentations include demonstrations, pictures, and notes so your listeners can follow along.

Other aspects of becoming an international speaker include maintaining eye contact, using humor, and using stories to explain your product. This will increase your rate of customer acquisition, which is a win for any startup.

Ask for Help

Another tip to avoiding entrepreneur mistakes is by not trying to do everything by yourself. This is because you will get less done before releasing the product to the public. Ask for help from marketers, graphic designers, social media influencers, and investors.

Working with a group helps you get the best part of the business started, which is a relaxing step for a business founder. This also includes finding a business partner who will help you handle finances and managing employees. Having a tech entrepreneur partner helps you get off the burden of figuring out everything on your own.

Hire the Right People

Hiring qualified tech experts is important when you are a tech entrepreneur. Unfortunately, a strong resume doesn’t mean that a potential hire is the right fit for your company. Employing the right people means that you need to take time during the hiring process. You can always hire part-timers at first and sign contracts later if they pass the trial stages.

Forget the Microwave Generation Idea

The microwave generation has given people the illusion of becoming successful overnight. Likewise, most entrepreneur mistakes are linked to wanting success within a few months, and if it does not happen, many startups usually close their companies. You should be patient and understand that it will get better if you’re willing to put in the time and energy.

Avoiding entrepreneur mistakes is essential when you are starting a business in the tech industry. For more information about avoiding entrepreneur mistakes and starting your business off on the right foot, rely on Rafferty Pendery today.

international public speaker

Top Tips for Becoming and International Public Speaker

Nov 8, 2019

As far as common entrepreneur mistakes go, failing to develop yourself as a public speaker is near the top. Lawyers, in particular, have a high propensity towards speaking anxiety. Between 58% and 64% of lawyers are introverts and this could be costing them money.

This is because those who are paid the most are often the best at communicating. And when you’re trying to make it as an entrepreneur or paid international speaker, your ability to communicate effectively is especially important.

To help you become or excel as an international public speaker, read the following tips.

Know Your Audience

Anytime you’re speaking before an audience, there’s usually a specific reason. You should always know who you are speaking to and what they expect or need out of the presentation. If you’re hosting a corporate event, teach and inspire them. It’s imperative to understand the demographics of your audience as an international public speaker.

Rehearse, Rehearse, and Rehearse Again

Things only become muscle memory if you practice them relentlessly. Anytime you have a big speech scheduled, it’s incredibly important that you practice every single day leading up to the date. Prepare your goals and content well in advance. The great thing is, you can practice just about anywhere: in the car, on a jog, or on the plane as you fly to your speaking destination.

international public speaker

Choose a Style That Works for You (and Stick With It)

It’s true that different events will call for a different style or approach. In some cases, something as basic as reading a prepared speech is acceptable. But if you wish to make it big as an international public speaker, it’s important to find your groove and stay in it. Figure out what makes you tick as a communicator and play to your strengths. Develop a vibrant brand so anyone catching even a glimpse of your presentation recognizes your unique flare.

Always Test the Sound Equipment

Few things are more frustrating (or terrifying, in some cases) as last-minute technical issues. To avoid this potential for stress, always conduct a last-minute sound check before the event starts. Make sure all audio and visual setups function ahead of time. And always make sure to have backup systems in place in case the main systems fail.

Welcome Every Opportunity to Speak

Great international public speakers don’t become great by talking to their mirrors (although speaking in front of a mirror is excellent for practicing). The best speakers practice in public by accepting every possible opportunity to speak. If your boss asks you to make a brief presentation, say yes. If your friend invites you to speak at her wedding, agree to do it. Take every chance that comes your way to speak to an audience.

Consider Slowing Down

Everyone expects the speaker to be a little bit nervous when they walk onto a stage, but few things are such a dead giveaway of inner nervousness than racing through your words. If you want to leave a meaningful impact on your listeners, err towards speaking too slowly rather than speaking too fast. This is partly because you want them to understand you and it’s hard to speak clearly and quickly at the same time. But besides that, taking your time with your words gives each statement more weight than it would have if you seemed nervous or in a hurry.

Make Eye Contact

This is one of the most important tips on this list and it always applies, no matter how large or small your audience may be. During your presentation, make eye contact with as many people as possible. This establishes a valuable connection with your audience and makes audience members feel as if you’re speaking directly to them. Be careful to not just exclusively make eye contact with the people in the front row. Show the back rows some attention, too.

Take Long Pauses

Just as you should make it a point to speak slowly and clearly, you should also make long pauses now and then. In fact, make them longer than you feel may be appropriate. This has an incredible impact on emphasizing important points. It also allows you to connect with the emotions of your audience members.

From slowing down during your presentations to taking up any opportunity to speak, these are some of the best tips for speakers.

Top Tips for Becoming a Tech Entrepreneur

Nov 1, 2019

If you’re wondering how to become a tech entrepreneur, but you’re worried that it’s too late to start — think again.

Countless people wonder how to become a tech entrepreneur in the face of adversity. You fear that the age of billion-dollar startups is behind us, and the world is destined to be run by the major corporations those original startups have become. Or maybe you just think you don’t have enough technical know-how to avoid common entrepreneur mistakes and succeed.

You’re about to see how to become a tech entrepreneur, no matter where you are or how you see yourself right now. Keep reading to learn more.

Develop a Great Idea

Obviously, coming up with a great idea is the first step in how to succeed as a tech entrepreneur. If you think that all the valuable ideas are already taken, you couldn’t be more wrong. After all, what is a valuable idea?

A valuable idea is a specialized idea. And everyone, including you, is a specialist on something.

So, coming up with a winning idea for your area of expertise is largely a matter of solving an old problem in a new way. If you have thought of a way to do something cheaper, faster, or more effectively than anyone else is doing now, then you are on to developing something great.

Talk About It

Many people who get started in tech entrepreneurship think they have to keep their big idea to themselves or else someone will steal it. Spoiler alert: they won’t. Not because people don’t want valuable ideas, but because most people are too scared to act on ideas at all.

Instead, you should try to talk about your idea at every opportunity. Don’t just gush about it. Really explain it to anyone who will listen, and see how they react. If their eyes light up and they respond with something like, “Wow, that’s a neat idea!” this is a good sign.

Even better, try to share your idea with people who ask good questions and see things from new angles. As you share your big idea with more people, you may end up finding a business partner or tech expert who can help you bring your idea to life.

Start Small

This statement is often the bane of entrepreneurship dreams, but it shouldn’t be: don’t be afraid to start small.

Did you know that 69% of all entrepreneurs in the United States started their businesses from inside their homes? Likewise, you should strongly consider establishing yourself in whatever headquarters you have available to you rather than springing for an independent building.

When you start out, just focus on refining the idea. The business infrastructure has to be built around a great idea to last.

Get Funding

When you have clarified and refined your idea, it’s time to think about getting funding.

Instead of trying to get investor funding right out of the gate, you may be better off getting your parents, friends, or loved ones to back your idea at first. Use your own money, too. Avoid expensive sources of credit, such as credit cards, whose high interest makes them impractical for most business ventures.

The best thing about using your own money and that of your personal acquaintances is that you’ll have skin in the game. When it’s personal like that, you can’t afford to back out, so you will be incentivized to succeed.

Now you know the basics for how to become a tech entrepreneur. You have a lot to learn, but it’s sure to be an exciting and rewarding journey.