NJBiz.com published Dan Doran’s “What Can We Learn About Growth From Fast-Growing Tech Startups” in the March 31, 2016 Industry Insights column. The indisputable truth is that the technology industry grows by leaps and bounds on a daily basis. Blink and you’ve likely missed something; whether it be a new app, the latest gadget, or some medical technology break through that will change all of our lives.
Dan addresses the good, the bad, and the lessons learned from watching the Technology Industry. He cites examples of companies that are doing things right and those who miss the mark and why. Timing is important and so is strategy. Here is a quick snip from the article, sharing one thing a successful startup must have.
“Ruthless focus on growth. First, let’s start here: The lifeblood of tech companies is growth. There’s good reason for that. Growth attracts capital, and more capital often facilitates further growth. So I’d like to suggest that, from a strategic perspective, the imperative as a founder of a tech startup is in pairing down all activities that don’t lead to growth as ancillary to success.”
The article speeds through some really great pointers on how to grow successfully and it all begins with focus.