Understanding Technical Debt
Technical debt is like financial debt—it accumulates over time and can severely impact your business if not managed properly. As an entrepreneur, understanding this concept is crucial for making informed decisions.
Key Technical Decisions Every Entrepreneur Faces
- Choosing between custom development vs. off-the-shelf solutions
- Deciding on technology stack and frameworks
- Planning for scalability and growth
- Balancing speed to market vs. code quality
"The best technology choice is the one that serves your business goals, not necessarily the newest or most popular one."
Questions to Ask Your Technical Team
Here are essential questions that will help you make better technical decisions:
- What are the long-term maintenance costs?
- How will this scale with user growth?
- What are the security implications?
- How does this align with our business objectives?
Building a Technical Advisory Network
Surrounding yourself with trusted technical advisors can be invaluable. Look for experienced developers who understand business contexts and can communicate complex technical concepts clearly.