Every journey requires resources, and entrepreneurship as a journey is not an exception, as business skills should be a must-have for every startup founder.

It’s not rare to find a young man or lady proposing an idea he or she idolizes as the Next Big Idea that will create a revolution in the business or entrepreneurial ecosystem but has practically no business skills to leverage on as a startup founder.

BUSINESS SKILLS AND A STARTUP FOUNDER

Business skills are too necessary’ as it pertains to building a startup, especially as a startup founder or entrepreneur.

It is the one requirement as legalized by the ‘gods of business success’ that will lead to the summon bonum of a startup founders’ business enterprise.

HOW A STARTUP FOUNDER CAN ACQUIRE BUSINESS SKILLS :

A startup founder that successfully builds and scales his business until it becomes a unicorn understood that his startup was strewn with a series of untested hypotheses.

This hypothesis can be further validated with the help of business skills acquired before and during the process of building a startup as a startup founder.

It is a must-have business wand that is required to jump all the hurdles that come with establishing a business as a startup founder.

Business skills can be acquired theoretically by reading about how a successful startup founder approached challenges that his business faced during the early stage.

Business Skills: Here is why every Startup Founder must skill up

It can also be acquired by attending webinars and sharing ideas with other creatives in the startup space

WHY A STARTUP FOUNDER MUST SKILL UP BY ACQUIRING BUSINESS SKILLS:

To:

Avoid losing talents

Gain more revenue

Access great partnerships

Win equity-free grants

Develop products that address customers pain points

Get investment

Deliver a successful brand story to customers

Manage revenue

Discover other revenue Streams

Know when to scale the business

The above-listed points will set any startup founder on a track to building a successful business that can be scaled until it becomes a unicorn.

BUSINESS SKILLS THAT A STARTUP FOUNDER SHOULD HAVE:

To experience the benefits of having great business acumen and knowledge, an entrepreneur or startup founder should acquire the following skills

  1. PRODUCT MANAGEMENT
  2. BUSINESS DEVELOPMENT
  3. WRITING AND PITCHING
  4. BUYING AND SELLING
  5. NEGOTIATION

Yes! The listed skills are not ‘tech skills’ because all startup founders do not necessarily have to be techies of geeks in the software development niche.

Instead, they should posses skills that will facilitate the success of the tech skills which can be hired or handled by a co-founder in other to assist the startup start lean.

PRODUCT MANAGEMENT:

Here product management simply entails knowing what product to build that actually addresses the pain of potential customers or users.

BUSINESS DEVELOPMENT:

Business development here involves creating strategies to help the startup reach their customers through partnerships.

WRITING AND PITCHING:

Writing and pitching is one very essential skills that entrepreneurs and startup founders should posses at a flawless level.

While writing involves being able to convey a thought as clearly as possible to a reader even without the presence of the author.

Pitching, on the other hand, involves verbally conveying business convictions at the highest level of truth, densely sprinkled with facts.

BUYING AND SELLING

From the launch of the business to the time continuum that it grows into a unicorn, startup founders are expected to know how to sell their convictions, to an investor, users, and team.

He has to be able to learn how to buy the suggestions of his investors, user feedback, and team recommendation while still making the final judgment that accommodates everyone.

NEGOTIATION:

Negotiation is an art that has a semblance with buying and selling but with a touch of emotions controlled through dialogues that lead through to persuasion with no elements of begging.

It is a subtle way of winning every argument, or declining suggestions without hurting anyone’s feelings.

Here is where this long rewarding read ends. You have been encouraged to acquire skills

so get skilled up Champ!

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