Dynamic. Non-traditional. Socially impactful.
If these three qualities match the picture of your ideal career, then the startup life is for you—regardless if you see yourself working in one or putting up your own company. Though the latter seems more inviting for you, doesn’t it? (The research agrees!)
According to Trade and Industry Undersecretary Nora Terrado, startups are characterized by their potential to scale, an innovative business model and technology, and an intention to make a difference by solving a social problem. Think ride-hailing apps, food delivery services, and online shops you love. (Oh, and don’t forget us, Edukasyon.ph! #shamelessplug)
With more and more investors looking into the Philippines for business ventures, there’s no more perfect time to start a startup than today. To help you prepare for it, we listed down some of the basic but essential skills you’ll need to turn that ‘start’ to ‘started’ real quick:
1. Start with the basics (of web development).
It’s a no-brainer. We live in a tech-driven world, with things like artificial intelligence, augmented and virtual reality, blockchain, and the cloud to name a few. And there’s no other way to thrive in the digital age than familiarizing—if not learning—the language of web development. How else would you effectively communicate your ideas?
Sure, there’d be a team of computer engineers to do the tech stuff for you, but wouldn’t it be nice to understand the product inside and out? That can happen when you spend some effort in understanding some HTML and CSS jargons! (You’ll thank us later.)
Learn the ABCs of web development. These online classes can help:
- Introduction to Web Development
- Web Design for Everybody: Basics of Web Development & Coding
- Java Programming and Software Engineering Fundamentals Specialization
2. Start thinking strategically.
Knowing about technology is good. Using technology to make data work for your company is better. As a startup founder, developing your analytical thinking is highly important. It doesn’t only help you make wiser business decisions, but it also trains you to solve problems even before it starts. Now, you’re always two steps ahead in the game! #goals
What’s the conversion rate of your online campaign? What aspects of the quarter helped you improve revenue? What does not work? These are just some of the many questions you start asking when strategic and critical thinking become second nature to you. Trust us, asking the right questions leads to better answers.
Make data-driven business decisions. Check out these online classes:
- Business Analytics Specialization
- Why Numbers Matter: Quantitative Research
- Data to Insight: An Introduction to Data Analysis and Visualization
3. Get started on those books!
When you run your own company, handling your finances well is one non-negotiable skill you need to master. After all, money is literally your company’s lifeline. From payroll to profit!
Save yourself from future headaches. After securing a finance team to ensure proper accounting and bookkeeping are in place, indulge yourself in learning some basic accounting concepts. Aside from a much-needed upskill, this will also help when you pitch your company to your future investors! *wink wink*
P.S. Speaking of investors, Edukasyon.ph has already closed its Series A financing round. Learn more about the exciting news here!
Invest time in understanding your company finances. These online classes can help:
- Introduction to Financial Accounting
- Business and Finance Fundamentals
- Introduction to Accounting and Corporate Finance
4. Start the conversation.
Good communication skills always make it to the list of *essential skills*… and for good reason! Sometimes, business leaders are laser-focused on improving their “business skills” that core skills like replying to emails (on time) or explaining a task to an employee are often overlooked. Don’t make the same mistake!
As you start your own company, make every effort to practice communication in all its forms to all your stakeholders. Whether it’s verbal or non-verbal, face-to-face or online communication, company staff or potential investor, messages need to be clear and concise.
After all, communication can make or break a partnership, hire or retire an employee, and cause your company to strive or thrive. Take your pick!
Master the art of communication. Check out these online courses:
- Business English: Networking
- The Complete Communication Skills Master Class for Life
- Write Better Emails: Tactics for Smarter Team Communication
5. Start by taking the lead.
Leadership guru John Maxwell once said, “Everything rises and falls on leadership.” It’s interesting he didn’t mention anything about employee size or business revenue as prerequisites to leadership. It’s leadership in general. In the same way, as you run your own company of 5 or 50, remember that your leadership will dictate the direction it will take. Set the right course!
Good leadership isn’t just about exponential growth in profit (though that’s good, too.) Sometimes, it can be as simple as sticking to your company’s core values in tough times. Or letting an employee take a day off when deemed necessary. Sometimes even pushing that same employee from complacency so he/she could progress professionally.
When the year-end reports arrive and the books are closed, leading your team well will result in a strong and committed team ready for another year in the startup life. How’s that for leadership?
P.S. Part of leadership is learning to lead yourself. Learn to delegate other stuff so you can save your energy for boss battles only you can do!
Level up your leadership. These online classes can help:
- Organizational Leadership Specialization
- Strategic Leadership and Management Specialization
- Managing People: Understanding Your Organizational Culture
The startup life isn’t easy. But you can learn the skills necessary for it! Who knows, your business pitch might just be the next big thing in the startup scene! Not to mention, make an impact by solving social problems in the country all while having fun in the process. So are you ready to start your own startup? (We know you are, future boss.)