Technical Skills Essential for Startup Founders

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Starting out, entrepreneurs don many hats, often playing CEO, CFO and CMO, all at once. As a startup founder, you need to be able to oversee all aspects of your venture and expand your knowledge to include several skills that will hold you in good stead.

Beyond a great product idea and business strategy, specific technical skills for entrepreneurs is a must. Let’s look at the five essential technical skills startup founders should know:

1) Spreadsheet tools

Spreadsheet tools | Technical Skills for Entrepreneurs

Numbers never lie. A tool like Microsoft Excel or Google Sheets is important to track vital data like sales and growth. It’s also useful for modelling business scenarios and understanding which factors are the most important for business growth. Microsoft Excel enables you to forecast accurately and control spending and serves as an excellent introduction to basic book-keeping/accounting. Get comfortable setting up formulae and charts on Excel so you can interpret the numbers relevant to your startup

2) Data collection and analysis

Data collection and analysis | Technical Skills for Entrepreneurs

Data analysis is critical for Business Strategy and functions like Marketing and HR. Knowing how to collect and analyze data will empower you with recognizing trends and patterns and make predictions for your startup’s future. By deep-diving into data and comparing different data sets, you’ll be a much more insights-driven leader and have a more holistic understanding of your venture.

3) Front-end development skills

Front-end development skills | Technical Skills for Entrepreneurs

Even a non-technical startup founder should ideally know HTML, CSS, and JavaScript. These skills will give you more freedom to harness your creativity and set your product/service apart. Today, several online courses impart front-end development skills at little to no cost.

Over the years, with even basic HTML skills, for example, you’ll be able to save thousands in programming costs just by being equipped to edit simple things like links and images in code. At the very least, you should understand the basics of coding so you can understand the technical side of your business and communicate clearly with the tech and development team.

4) Basic SEO

Basic SEO | Technical Skills for Entrepreneurs

As a startup founder, you want customers to visit your website. Learning search engine optimization (SEO) will help you strategize how to rank high on the results page of search engines. SEO will enable you to create relevant content for your startup’s website, blog and social media. Understanding keywords and what your target audience is searching for also will also help you understand your customer persona better.

5) Design tools

Design tools | Technical Skills for Entrepreneurs

Picking up design and wireframing tool know-how will come in handy when you set about building your outward-facing website/app. It will also greatly help you convey your vision to your product or design team by giving them a sketch of what you want to be achieved, rather than a set of vague instructions. The sketch doesn’t have to be perfect – a basic attempt will also yield much more quality results than not giving them a proper visual reference.

If you are a young professional or a college student who dreams of becoming an entrepreneur, Wadhwani Foundation’s National Entrepreneurship Network (NEN) can help you to put together the basics and launch practice ventures through its experiential and immersive entrepreneurship courses, which are free of cost. The courses teach the  technical skills for entrepreneurs and entail practical knowledge, projects and assignments, access to mentors, pitch simulators and pitch days, and a lot more.

Apply today:

https://entrepreneur.wfglobal.org/ignite/
(For those in later years of the graduate program/ PG students/ working professionals/ pre-incubatees having a validated idea to launch a venture)

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If you have a validated idea, then you can apply to the NEN IGNITE program

Are you looking to fine-tune strategy, organization & performance to get seed capital? You can apply to the WE Liftoff program

If you have a well-developed MVP, a small team and demonstrated customer traction, then check-out your full eligibility for the WE VFT program here

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If you have a validated idea, then you can apply to the NEN IGNITE program

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Are you looking to fine-tune strategy, organization & performance to get seed capital? You can apply to the WE Liftoff program.

Here is what we mean by a Validated Idea:

  • You have identified a ‘customer type’ that you are dealing with.
  • You have identified a problem that is critical for the that customer type
  • You have validated this problem with a ‘sizable’ set of customers so you know that it is a ‘real problem’
  • Your research and customer discussions shows that There is a large enough number of customers that are looking for a solution to this particular problem, and the venture can be financially viable and feasible
  • There are no apparent existing solutions or good enough solutions that are serving your customer type at this time for the problem
  • May have started working on a website/facebook/Instagram page to get customer reactions
  • May have worked on a prototype solution already
  • May have early traction with some customers