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Category Archives: Startup Vault

Post related with startup world, problems and solutions for any startup, news updates etc.

Importance of Technology in Small Businesses

Importance of Technology in Small Business

Technology is becoming a major factor in every startup business. The last two decades have marked an enormous increase in technology use in business. Through advancement in technology in computers and the internet, small businesses are contributing more to the economy than in the past. Technology has made it easy in processing daily business activities and routine tasks. Technology has tangible and intangible benefits in a small business that affect the culture, relationships and efficiency of an enterprise. New technology has boosted the security of small business by offering secure confidential information and trade advantage. Below are the benefits of new technology to small businesses.

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The 7 Stages of the Life Cycle

Startup is the process of setting an idea in motion. A good startup always knows what problem and why they are solving. It is successful when they have solved the problem. Usually begins with an idea, which doesn’t have any guarantee of success. Startup might be an idea discussed over cup of coffee but it is an effort put by the team keeps it thriving through difficulties. Startup is different from traditional startup because they are designed to grow fast. Continue reading The 7 Stages of the Life Cycle