The tech startup successes of 2020 – and the tools you need to emulate them

The world of technology is an absolute hotbed of activity these days. So many fresh and exciting innovations are emerging seemingly on a daily basis, and they often go on to have a bearing on how we work, communicate and do so many other things in our lives.

It is certainly an environment where the right idea can lead small startups to major success, and there are plenty of examples of organizations that have enjoyed significant growth in recent months.

Incredible success stories

Anyone looking for evidence as to how small startups can become a huge success need not look any further than our list of the unicorn startup companies which are now thought to be valued at more than $1 billion. Published in August last year, it features organizations from across a range of categories including those involved in business insights, big data, healthcare, e-commerce, and food and beverages.

In more recent weeks, there have been plenty of good news stories too. For example, Israeli firm Hailo, which specializes in artificial intelligence systems, confirmed that it has raised $60 million in Series B funding as it looks to boost the rollout of its Hailo-8 Deep Learning chip. Furthermore, there was good news for in-room tablet tech startup SuitePad, which has secured seven-figure funding as it looks to continue to expand in markets across the globe.

Such developments are certainly inspiring for those just beginning their own tech startup journey, but many will also have questions about just how they can also reach that point. Put simply, what are the key skills that a startup needs to succeed?

The skills to succeed

Some ideas on the issue may well be found in a study undertaken by Harvard Business School back in 2018. According to Inc.com, a poll of alumni from the school went on to identify five skills that entrepreneurs looking to start their own venture tend to have. According to the findings, these attributes also generally mark them out from non-founders.

Source: Pixabay

The identified attributes include the ability to spot opportunities, the ability to establish and nurture a vision, and comfort with the uncertainty that often arises when you choose to go at it alone as you set out to create your own startup. In addition to those soft skills, it also found entrepreneurs tend to be good with building networks as well as with managing finances.

While such issues are undoubtedly important if you are going to have the temperament to succeed, there is also an argument for making use of the right tools to provide a welcome boost as you look to develop your offering.

Effective tools

For example, outreach is a fundamental issue that will be essential to many startups as they look to generate leads and even sales. With that in mind, a tool like Lusha could offer advantages, as it can help organizations to locate vital B2B contact information as they look to develop and maintain high-quality and frequent communication with clients.

In addition, key internal systems that startups may want to consider include project management tools. The likes of Asana and others can make it easy for new businesses to clearly track their work and ensure that individuals recognize and understand the tasks they have to complete.

Furthermore, depending on the industry focus of your tech startup, there may be a need to promote your offering via a range of means. This means a basic grasp of marketing could be useful, as well as an understanding of tools for creating a website and for managing social media accounts. Software like Hootsuite may come in useful for the latter, with it allowing users to effectively take care of publishing content across a range of different platforms.

Achieving ambitions

There are incredible success stories emerging in the world of technology all of the time these days, with many startups achieving their ambitions and becoming entities with a worldwide reach.
Having the right skills and understanding the benefits of using certain tools could clearly make a major difference to your level of success. We hope the information above may have given you some ideas on how to move forward on the issue.