Direct Tax Services
Audit
Consulting
ESG Advisory
RBI Services
SEBI Services
IRDA Registration
FEMA Advisory
Compliances
IBC Services
VCFO Services
Developed
Developing
BOTs
American
EU-1
EU-2
South East
South Asia
Gulf
ME
Select Your Location
Technical start-ups may not seem to be the cup of tea of a Non-Technical person. But running a Technical Startup doesn’t necessarily demands you to be a technical guru. There are so many examples, which broke the myth of technical startups belongs to technical person only.
These are just the few names ruling the world of tech startup. Further, in this blog, we will see how these people were able to break out of the gloom? How they plan their technical startups and turn it into a huge success, despite not having any link to the technical background.
Table of Contents
There are few basic things that need to be taken in to consideration while formulating your idea of a tech startup.
We will get down to the every step one by one and crack down the procedure so that you can formulate your idea into a successful technical startup.
Planning is the initial step of any task, you wish to accomplish. If you have an idea to start a tech-startup, get down to the task, and start planning.
Sketch out a rough plan at first that will help you to stick to your defined path. Make a note of what is under your horizon and what not.
Give your time to the research, you need to evaluate the options and note what you can achieve with the knowledge you already have.
Start with building a prototype for the startup. You should connect with the potential users, so that you could receive the validation from them.
It will help you to understand your customers and sketch out a design accordingly. Right kind of research can take you to the step ahead of your competitors.
Whenever you start a business or learn anything, it would always be impossible to know everything regarding the business, you wish to pursue.
So be ready to learn lots of things. You cannot the run away from the fact that although you do not belong to the technical field, but there will be parts you need to have knowledge about, whether you want it or not.
Startup demands you to be flexible regarding your actions. There are options to fill these technical gaps, by hiring a good coder or bringing in a tech co-founder.
But let us inform you, either ways you need to have a basic technical knowledge, so that you are able to understand the process of work.
This will not make you feel aloof and help you to control the decisions in the startup.
Entrepreneurs are always very excited about their new ideas. In the middle of this excitement they need to understand there is a need to trust the right ones instead of first ones.
Not every coder is a fine coder, so you need to be careful when you hire somebody. If you are able to find a good coder, then it is not necessary to that coder be a great Co-founder. You need to give yourself enough time while building a team.
You are not the tech guru of your company; however you are the face of the company.
You must know the every bit of your business, because you need to present your ideas to attract the investors. Bring out the businessman out of yourself.
When you run a company, you need to know explore every corner of your company, how you represent your company and improve your skills.
You must have the skills of negotiation, to do great presentations and be a confident public speaker.
Investors invest their money in a team; you are responsible for that team be a successful.
You are not getting the money from investors, if there is nothing serious coming out their way.
It is almost impossible to have someone invest in the Idea directly. What matters most is the execution of that idea.
Finding your place as a non-technical person in a technical startup could be a task, however there will be times when you need prove your mettle.
You must know what you are good at and be good at it and strive continuously to be the best at what you do.
Your work must convey the message to the team that you are the heart and soul of a business you are a part of.
When you contact a potential customer, you must have answer to these questions-
You need to test your business idea, before building it completely. One of the easiest ways to do this is to create a landing page and try to drive some traffic to it.
You can create your own landing page without a single line of coding. There are third party tools available such as Unbounce or LeadPages.
You can use the paid services offered by Facebook, forums, or other social networks and note the number of signups. This will help you understand the cost of bringing in a new customer.
There is need to seek the validation of your business idea, but how do you do it?
The main proof lies in the sales. Give your best shot to pre-sell your product. It is much easier to find a co-founder, customers, and investors, if you can pre-sell your product. Pre-selling requires a viable business idea and a thorough customer research.
Below are the numbers of steps that one can follow to pre-sell their product-
It is better not to embark on the mission to find a technical Co-founder for your technical startup. It is less likely to find someone right away as per your requirements.
You can start working with technical people on smaller projects. And take a note, if there is any chemistry. See if you can work well with that person and move on to the next project.
If the person doesn’t fit, move on to the next one. Try taking small steps, meet programmers personally. Don’t forget technical skills are the requirements that you need to achieve the bigger picture in future.
There is a list of online platforms where you can look for technical co-founders-
Staring a technical startup as a Non-technical person may become little difficult. But if you try to follow the above tips and steps, your chances to be successful are more than the rest of the people or competitors. For any further information please contact Enterslice.
Experienced Finance and Legal Professional with 12+ Years of Experience in Legal, Finance, Fintech, Blockchain, and Revenue Management.
The Reserve Bank of India, in its press release dated June 8, 2023, issued Statement on Develop...
RBI released a developmental and regulatory policy statement on June 8, 2023. The objective of...
Financial Institutions called Asset Reconstruction Companies ("ARCs") reconstruct and securitis...
Any person booked for an offence under the Criminal Procedure Code (CrPc) / the Code would be r...
The Reserve Bank of India regulates Non-Banking Financial Companies in India, and they are subj...
The Reserve Bank of India regulates Non-banking Financial Companies in accordance with the RBI...
Incorporation of a Limited Liability Company (LLC) is an attractive choice for small business o...
The Reserve Bank of India (the Bank) issued Non-Banking Financial Companies Acceptance of Publi...
A few years ago, investing in traditional investment categories like shares, bonds, real estate...
Compared to other organisations, the corporate governance of Non-Banking Financial Companies is...
Are you human?: 3 + 5 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Startup in India is of three types mainly: Sole proprietorship, Partnership firms and Company (private or public) t...
02 Apr, 2020
The Shop and Establishment Act regulates most of the businesses in India that are enacted by each State Legislation...
13 May, 2020
Red Herring Top 100 Asia enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2000 privately financed companies each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.
Researchers have found out that organization using new technologies in their accounting and tax have better productivity as compared to those using the traditional methods. Complying with the recent technological trends in the accounting industry, Enterslice was formed to focus on the emerging start up companies and bring innovation in their traditional Chartered Accountants & Legal profession services, disrupt traditional Chartered Accountants practice mechanism & Lawyers.
Stay updated with all the latest legal updates. Just enter your email address and subscribe for free!
Chat on Whatsapp
Hey I'm Suman. Let's Talk!