Working as a Project Manager or Product Manager gives you profound exposure to a lot of different business processes which may in turn spark an idea in your head that you may want to turn into a startup. A lot of people come up with good ideas but end up sitting on them and not taking action because they feel that, among other reasons, they do not have a tech knowledge and background to help them launch the startup.
Here are five tips that will help you launch a startup without the need to possess a technical background:
Perform Research on your Startup Idea
Ensure that your idea is unique and has not already been developed by someone else or a different company because that may limit how far it can progress. Part of your research should also involve speaking with other startup founders to pick their brains on best practices, and mentors who may provide help in the form of financing or making introductions to their networks. LinkedIn is a good starting point to search for founders of startups in your niche.
Listen to Podcast Channels that Host Founders and VCs
Podcast channels are a great resource for learning new content that may be related to your startup or other types of entrepreneurships in general. You can learn more about managing a startup as a founder, success stories and lessons learned from other founders, and current trends that can help you as you launch your own startup. Examples of top podcast channels that can help you include The Ivy Podcast and This Week in Startups.
Join a Startup Accelerator
Startup accelerators support early-stage companies by providing education and mentorship to founders. Other benefits include networking opportunities, access to larger pools of potential investors, and funding in the event your startup wins the public pitch competition on demo day. Some of the top startup accelerators include Y Combinator, 500 Startups, and Techstars.
Search for a Chief Technology Officer (CTO)/Technical Consultant
A CTO will complement your startup’s expertise by providing knowledge on how to design your architecture, setting up infrastructure, and helping transform your ideas into innovative technological features. If you can not afford to hire a CTO, you may also work with a Technical Consultant in the beginning that will provide technical advice and bridge the gap between you and a development team.
Hire the Right Team
Build a strong foundation for your startup by recruiting the right people to join your company as early as possible. Members of a founding team wear a lot of hats, so be sure to attract resources that will fill key skill areas that are vital to your startup’s success. You can also partner with outsourced software development companies that can help fill your development needs at more affordable costs especially at the early stages of startups.
We have helped multiple startups work with offshore software development companies and possess the requisite expertise to be a technical partner to any startup with similar needs. Please contact us for a consultation at info@px3.academy.
At PM Imperative, we cover the latest trends in Project Management and Product Management. As PM practitioners, we understand the value the Project Managers and Product Managers bring to each organization and that’s why we focus on the most practical strategies that Project and Product Managers can implement immediately. If you found this post useful, be sure to check out our latest book: The PM Imperative – Guide for Leading & Managing Projects, People & Delivering Value. https://pmimperative.com/shop/
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