Throughout the world, and particularly in emerging market countries, the entrepreneurial landscape remains notoriously difficult to navigate, with an estimated 80% of small businesses failing to sustain themselves for a period of longer than five years.

However, with an increasing percentage of jobs now being directly attributable to small business ventures, financial backers in both private and public sectors are slowly starting to acknowledge the substantial impact of entrepreneurial activity on a nation’s economy.

Yet, in spite the rising global trend towards venture capitalist backing of tech startups, there remain very few such initiatives present in emerging markets. Can this be accredited to unsustainable entrepreneurial ecosystems, or is success simply a mind-set shift away?

Conservative investors
A venture capital investor once told me that, out of ten investments, he expected seven to fail, two to return his investment and one to make a fortune. Those are fairly frightening odds for someone investing large amounts of capital, but even more terrifying for someone looking to leave the security of the job market to launch a start-up business.

What’s more, bankers and financiers are generally not intent on funding ideas that might be perceived as “pie in the sky”, particularly when it comes to the technical and creative industries.

As a result, it’s no wonder that many start-ups end before they even crank up the proverbial engine, the main reason being they couldn’t raise the venture capital financing required to start, or were simply too afraid to try.

1. Reduce your risks… Seguir leyendo “5 Tips for taking your tech startup from big idea to business success” →