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The very first step in starting a tech business would be to first research the potential of the technology and the long term financial viability of the technology. This is to ensure that the technology would be useful in the market and within the time you would like to start the business. This will also aid to assess the amount of time and capital needed to start the business and whether or not it would be a financially smart investment. (sources: own academic experience in business start-up/http://www.digital-web.com/articles/building_your_own_startup_technology_company_part_1/)

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