Startup from Scratch

To build a startup from scratch in 2024, you must prepare right from this moment. The year has been predicted as complex and challenging for young businesses due to several technological disruptions. But companies like Uber and Whatsapp also faced uncertainties but didn’t give up. 

In this article, we will tell you about the five challenges you will face when building a startup in 2024. With that, you will also learn about the technologies to defeat these barriers. 

So let’s get straight right to it.

Remote teams – the first challenge to build a startup from scratch

We all can agree that the pandemic has impacted our lives in many ways, including business practices. Organizations had to move to remote work, and the gig economy is still on the boost. Currently, the majority of the workforce wants their employers to offer the same option. At the same time, most businesses may proceed with employing global talent due to a shortage of experts in their respective industries. 

01 Build A Startup From Scratch

So, if you want to build a startup team by implementing a remote environment, that’s indeed a good approach. However, this method may bring some exclusive obstacles, such as:

  • Cyberattacks
  • Providing services in different time zones
  • Handling simultaneous tasks of the same project
  • Sharing of sensitive information with the remote staff

Although you can conquer these challenges to build a startup from scratch, you must start preparation from the beginning. Or else you won’t be able to get off the technological remote work threats successfully.

Also Read: How to Hire Remote Software Engineers and Enjoy the Benefits

Resource extension – necessity to build a startup from scratch

When your business grows, it captivates more internal and external workforce but also creates a lot of complexity. Ultimately, running your company’s affairs is difficult merely on verbal agreements and day-to-day groundwork.

02 Build A Startup From Scratch

At this point, you must upgrade your existing systems to manage a team size of 150 to 250 professionals. You may want to extend your project management system, customer relationship management system, accounting software, project management programs and marketing methods.

It is necessary to implement these elements before you plan to build a startup from scratch and then fine-tune them later. And when the time comes, this early preparation will save you time. You will only need to inform newcomers about the system guidelines and make sure they adhere to your given instructions.

Free software – disruption to productivity when you need to build a startup from scratch

Most startups have limited cash and are determined to provide marketable results through their services once they run totally out of capital. But that doesn’t mean you should be saving your cost by selecting non-credible business software. Many startups prefer using free software or inexpensive solutions. This cost-cutting may look advantageous initially, but it is just a short-term remedy.

03 Build A Startup From Scratch

Keep in mind that using free or low-priced software can be a stumbling block towards your startup’s growth and sustainability. Why so? It is because they are incapable of handling heavy business functionalities. So if you’re planning to rely on free tools, think twice. Doing so will only add burden on your growth-hungry startup and bring several problems to your progress.

Therefore, we recommend unearthing some prominent paid digital products right from the very beginning. The good news is that most leading software providers also permit you to use their programs on trial. This allows you to test a broad range of products to pick the ideal solution.

Allocation of hardware – ideal but expensive way to build a startup from scratch

Another challenge to build startup ecosystem is hardware acquisition. Hardware like CPUs, laptops, motherboards and other products have high prices because of the scarcity of semiconductors. But since they are prerequisites to build startup ecosystem, many owners are confused with the following queries:

04 Build A Startup From Scratch

  • Should remote teams be allowed to work through home computers?
  • Should teams use their personal hardware to complete official projects?
  • Is it a good practice to allow staff members to think of business operations at home in their spare time?
  • What centralized servers, cloud-based solutions, VPN, or other software, should be used by employees to work on shared assignments?

All the above questions worry startups because they have limited purchasing power to procure individual laptops and other devices for their employees. Providing separate hardware to each staff member will indeed ensure protection from cyber threats. But paying such a high price is not a cup of tea for most companies, especially a startup.

Therefore, you should consider moderate options to create a centralized ecosystem. Furthermore, you should give access to your remote workforce through secure channels which you and your IT department can easily monitor.

Information leak – big threat when you build a startup from scratch

The most common challenge to all startup owners is protecting their newly born venture from cyber threats. If you are creating something impeccable and your competitors know about it, it will surely spin their eyes. When you build a startup from scratch using remote practices, you should always remember that hacking has become more powerful. Therefore, you need to make sure that your sensitive data is never out in the open. Otherwise, it can be used against you.

05 Build A Startup From Scratch

So, here are a few tips you should follow:

  • Scrutinize your cybersecurity means more often
  • Restrict employees’ access to confidential information
  • Divide and distribute important assignments among different employees
  • Choose a centralized system with the highest protection to store sensitive data

Implementing all the above practices is extremely important while you’re striving to build a startup from scratch. Besides, if you have multiple business partners, ensure they all use specific devices rather than relying on home, personal, or shared technology. And most importantly, you all must adhere to cybersecurity policies.

Last but not least, procure homogenous devices for your staff and founders to save your cost through:

  • Make devices similar to one another in terms of settings and policies
  • Use donor devices to get components when you want to fix or replace an existing hardware
  • Encourage fairness among your workforce by providing them with the same instruments
  • Promote a transparent and feasible ecosystem

Also Read: How to Find a Reliable Tech Partner for Your Startup | 5 Keys to Follow

How slash helps you build a startup from scratch in 2024?

Slash procures a pool of talented staff to help you build a startup from scratch by overcoming challenges. Our motto is to provide you with next-level software engineers, product managers, and team leaders to make impactful tech solutions.

Contact Slash tech squad and we will never let your startup experience resource scarcity. We are always prepared to help you eliminate hurdles through:

  • Utilizing modern infrastructure
  • Using authentic and licensed development software 
  • Offering military-grade privacy protection to all your projects
  • Provision of highly experienced, skilled and expert remote teams
  • Scaling your business by creating world-class and result-oriented solutions

Conclusion

If you want to build a startup from scratch in 2024, brace yourself to face challenges because that’s how you grow. The most expected hurdles in your way are finding brilliant remote teams and making your infrastructure strong enough to accommodate a large number of employees. Besides, you will need to invest in renowned software and hardware technology to corroborate robust protection against cybercrimes and data breaches. 

Marc Gamet
Marc Gamet
CEO
Marc cofounded the company in 2016 as a technology and delivery partner. He has built Slash operations from the ground up after spending over six years working in a variety of software development lead roles. Marc’s unique tech acumen has allowed him to develop a client focused approach starting with business development and moving through development, product design and the full product lifecycle. He believes his main contribution to the world of digital products is in his ability to understand, strategize and design elegant, simple, feasible solutions that maximize their chances of success. There is a time for everything, prioritizing is key!
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