Business Idea: Start A Tech Company in 2024
Tech businesses are about the most exciting and potentially lucrative businesses you can start.
The global tech market size is expected to grow from $8,384B in 2021 to $9,326B in 2022.
But don't mistake the excitement for easy street: getting the tech startup off the ground requires a lot of work. There are many important factors, including how much capital you need, your business plan, and equipment needed to get started.
Revenue & Profitability
How much do tech companies make?
- On average, successful tech companies report $7.85M/year in revenue.
- 71% of tech companies report being profitable.
Startup Costs
How much does it cost to start a tech company?
- It can cost as low as $50 to start a tech company.
- It can cost as high as $10,000,000 to start a tech company.
Learn more about the costs of a tech company.
Examples Of Successful Tech Companies
Successful tech company businesses and case studies
Co-founder of Madwire JB Kellogg grew his business from just the two of them in a tiny office to over 500 employees and $100 million in annual revenue in under 10 years, by focusing on exceptional customer service and a multi-channel inbound strategy.
Elaphe Propulsion Technologies has revolutionized the electric vehicle industry with their in-wheel electric motor technology that can accelerate a vehicle from 0 to 100km/h in just three seconds, enabling carmakers to design truly user and mission-focused cars and work with all of the key traditional and new carmakers.
See full list of successful tech companies.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
