Quectel publishes new IoT Start-Ups Business Guide to help innovators succeed
Belgrade, 7 February 2023 - Quectel Wireless Solutions, an IoT solutions provider, has released a new IoT Start-Ups Business Guide to help tech start-ups avoid common mistakes, develop organizational strength, and accelerate and simplify building their businesses. Drawing on Quectel’s experience as a fast-moving start-up and expertise in helping IoT start-ups make their dreams a reality, the guide shares how to avoid common causes of failure and provides organizational tips for tech start-ups as they navigate the challenges of building beyond the start-up phase.
As many as 90% of start-ups don’t succeed as founders try to build their dreams and achieve exponential growth and huge rewards. Lack of funds, poor timing, inability to scale up or simply the idea not being good enough in the first place are typical causes of failure and many good ideas come to nothing because of these reasons. Start-ups are also unlike any other type of business and can come to market inexperienced, ill-equipped and understaffed.
The IoT Start-Ups Business Guide explains why timing is crucial for IoT start-ups. Being early or late to a market is the same as being wrong about it. If a tech start-up brings its product to market and there is no appetite for it because nobody understands its value, sales will not happen and the business will fail. Similarly, if the product arrives too late and rivals have already secured substantial market share it may be impossible to make up the lost ground.
It also shares how to strengthen an organization and increase the skills within the business. IoT start-ups often can lack the 360-degree expertise needed to run a business and a skillset that is incomplete can mean sales potential is missed, insufficient investment raised, R&D operated inefficiently, and financial and industrial regulations overlooked.
Outsourcing is an important component of this, and the guide contains outsourcing ideas for IoT start-ups which reveal how start-ups can accelerate market entry while saving money and focusing resources on what really matters to the business.
For more information and to download your copy of the IoT Start-Ups Business Guide, head over to https://www.quectel.com/library/iot-startups-guide-ebook
About Quectel
Quectel’s passion for a smarter world drives us to accelerate IoT innovation. A highly customer-centric organization, we are a global IoT solutions provider backed by outstanding support and services.
Our growing global team of over 6,000 professionals sets the pace for innovation in cellular, GNSS, Wi-Fi and Bluetooth modules, antennas and IoT connectivity.
With regional offices and support across the globe, our international leadership is devoted to advancing IoT and helping build a smarter world.
For more information: www.quectel.com, LinkedIn, Facebook, and Twitter.
Phil Rawcliffe, Head of Communications