Knowing when and how to acquire the correct depends on many factors. It certainly impacts a start-up’s ability to fully develop its vision and technology. When it’s time to launch operations, additional resources are needed, and how and what type of investors to seek, is a complexity often not understood by founding technologists. Certainly, a critical element, if not mindfully assessed, will impact the other challenges. Overcoming this can seem daunting, and at times impossible, but companies that are shrewd and strategic in getting their message out, are more likely to attract the attention of angel investors and venture capitalists who would be willing to bankroll their innovation.
Carefully planning as to how you spend your time, and where that time is spent is essential to success; however, many tech startups still struggle with time management. In other situations, it’s simply that those who have founded the company, are less experienced at managing teams or multiple departments, and as such they underestimate how much time a given task will take.
