Technology opens us a lot of opportunities that weren’t available over the last decade. Now, there are tech startups that are growing every day, and it is interesting to note that some of the Fortune 500 companies are tech companies themselves.
According to Chrissy Weems, now is a great time for women to start their business. She did her research on some facts about technology and business, and this is what she found out:
- Technology stores information – technology is important for clients and businesses because it stores information. There is more data stored in the past two years compared to all the accumulated data over the past entire history of the human race.
- Technology is fast-evolving – within the next 5 years, there will be a total of 50 billion smart connected devices. This means that all of these devices will be in sync to share, gather, and integrate information.
- Technology brings connectivity – in 2015, there were a total of 1 billion people who use social media such as Facebook. People are more connected through technology more than ever.
With so many positive facts surrounding technology, now can be a great time to jump the bandwagon for women to start their own tech-based business. Here are some reasons why.
4 Reasons Women Should Start Their Own Tech-based Business
Tech-based businesses are set for growth.
A tech-based business is always set for growth–this is because people can access it more easily compared to physical businesses. With a tech-based business, there is an opportunity to quickly scale your company from a single employee into multitudes within a short period of time with lesser costs. Alternatively, you can even automate processes to further increase your growth without making any heavy investments.
Tech-based businesses can focus on women’s needs.
When we think of tech-based businesses, we often think of social media applications, developer tools, and other seemingly unfamiliar things to the average woman. According to Chrissy Weems, being a woman in the tech scene can give you a competitive advantage because you can understand what are the needs of your particular audience. It can also be helpful to get the perspective of women and how they can progress as leaders and influencers with this type of business.
Tech-based businesses are easier to manage.
Any business will be a challenge to grow. However, having a tech-based business means that it is easier to succeed because many tech entrepreneurs even earn money in the comforts of their home using a single laptop. Success for those in technology doesn’t mean always having the best location, best equipment, best staff, or best anything else–it levels the playing field for those who want to truly succeed even with limited resources. Even as a mom, a busy wife, or a woman with a career of her own, making a tech-based business can be easy compared to setting up something that is physical.
Tech-based businesses have great partnership opportunities.
With the connectivity of technology, tech-based businesses can easily find network connections that are mutually beneficial. This is helpful because some businesses are dependent on each other. For example, it is easier to find international suppliers with the power of the internet. It can also be easier to network with influencers who can market your products or services. This makes reaching out to other companies more of a breeze compared to traditional means where you don’t have many prospects aside from those available in your community.
Women can truly succeed with business. By considering the opportunities in starting a tech-based company, they can explore their options and learn more about what works for them.