{"id":4990,"date":"2016-11-17T05:02:23","date_gmt":"2016-11-17T05:02:23","guid":{"rendered":"https:\/\/www.finoit.com\/?p=4990"},"modified":"2024-01-25T09:09:47","modified_gmt":"2024-01-25T09:09:47","slug":"how-to-launch-a-startup-when-you-have-zero-technical-knowledge","status":"publish","type":"post","link":"https:\/\/www.finoit.com\/blog\/how-to-launch-a-startup-when-you-have-zero-technical-knowledge\/","title":{"rendered":"How to Launch a Startup When You Have Zero Technical Knowledge?"},"content":{"rendered":"

Do you have a revolutionary idea that you believe could change the world, but lack the technical expertise to make it happen? You’re not alone. Many aspiring entrepreneurs face this same challenge and wonder how to launch a startup without technical knowledge.<\/p>\n

But, here’s some good news – it’s absolutely possible.<\/p>\n

Reid Hoffman did it, so did Richard Branson, Michael Dell, Sean Rad, Joe Gebbia and Brian Chesky, Jack Ma and a great number of others. Respectively, these founders, CEOs and visionaries participated in raising global enterprises like LinkedIn, Virgin, Dell, Tinder, Airbnb and Alibaba; not one of them had any kind of technical skills. Instead, each was armed with vision, passion and determination, and from the looks of it, this trait triad is vital for climbing to the top.<\/p>\n

To help you get started, this blog post will provide you with a non-tech founder’s guide to launching a successful startup. We’ll discuss the importance of technical know-how, the challenges you’ll face, and the decisions you’ll have to make. So, let’s explore how to start a tech startup company and turn your dreams into a reality.<\/p>\n

How Important Technical Know-How Really Is?<\/h2>\n

In its core points, every business model is the same. In between a trailblazing idea and a revenue yield, a company needs to establish its core values, develop a marketing strategy, commence a thorough competitive analysis, design a foolproof operations, management, development and financial plan, and ultimately, go through with it all.<\/p>\n

Though continually present and indisputably essential, technology is rarely more than an instrument for execution.<\/p>\n

True, tech-savviness is an invaluable asset in the business arena, but it\u2019s also a \u201chard\u201d skill that, unlike its \u201csoft\u201d opposition, can be acquired through education, training and experience. But, what an enterprise really needs is a venturing mind. The road to success is paved with ingenuity and comprehension of corporate dynamics, which is why the first step requires nothing but courage, capability and an inclination to learn.<\/p>\n

\u201cWhether a founder has a technical background or not, the opportunity to turn a great idea into a business is becoming a global phenomenon,\u201d explains Steve Guggenheimer<\/a>, chief evangelist for Microsoft. \u201cThere are a ton of resources and services out there for young companies to help you get off the ground\u2014from legal advice and access to free technology services, to incubators and accelerators that take a hands-on approach to mentoring young companies.\u201d<\/p>\n

If your vision is supported by passion, and your passion empowered by determination, this wide variety of resources is only a click away from how to launch a startup.<\/p>\n

Here\u2019s what makes tech companies launched by non-tech founders not only possible, but successful as well.<\/p>\n

The Challenges You\u2019ll Face & Decisions You\u2019ll Have to Make<\/h2>\n

Sure, you\u2019re full of doubts. Even without the whole tech conundrum, launching a startup is a serious decision to make, and you\u2019ll have to think it through time and time again before potentially risking it all. Hopefully, these 4 Q&As will make your brainstorming sessions a bit easier.<\/p>\n

Do You Need To Learn Technical Basics?<\/h3>\n

If you\u2019re up to it, by all means. If not in a position, there are ways to work around it.<\/p>\n

The most interesting paradox of the digital age is that technological skills are no longer considered a specialty. Online coding courses, night schools for engineers and niche literature are available for anyone with interest and time. Obtaining basic technological and startup knowledge will help you a great deal during the upcoming journey, and no one can tell you otherwise.<\/p>\n

This, however, doesn\u2019t mean that you need a degree \u2013 as a founder, you can delegate everything technological to a team of engineers and developers, but knowing the basics will undoubtedly enable you to collaborate with them, understand the process, and make swifter and more founded decisions.<\/p>\n

Should You Partner Up With a Tech Specialist?<\/h3>\n

If possible, absolutely!<\/p>\n

Industry experts still debate whether non-technical solopreneur ship is a viable option or not, but there\u2019s one thing they all agree upon \u2013 having a partner, or at least an executive team member with a background in programming, certainly means avoiding the risk. Though highly advisable, co-founding a company with a technical person is, just like in the previous case, not completely necessary.<\/p>\n

Technical Support: Outsource or Hire?<\/h3>\n

Well, it depends.<\/p>\n

The first decision you\u2019ll have to make is whether to outsource the technical part of your business or to assemble a team and manage it in-house. Both options have their pros and cons that mainly fall under the budgetary strategy you employ.<\/p>\n

However more convenient, efficient and, quite bluntly, better, the second solution is way costlier. The first, on the other hand, is more problematic in the long run, since your product or service will need continual iteration and improvement.<\/p>\n

There is, however, a middle ground \u2013 Rahul Varshneya of Enterprise suggests that outsourcing your first version and hiring full-time professionals for further progress is probably the best possible course of action.<\/p>\n

How Will You Fund Your Startup?<\/h3>\n

When it comes to funding your startup, there are a lot of options to consider. It’s important to carefully evaluate your financial needs and goals, and to explore different funding sources that align with your business plan. You may choose to bootstrap your startup with personal savings and credit cards, seek investments from angel investors or venture capitalists, apply for loans from banks or alternative lenders, or even try crowdfunding.<\/p>\n

Each funding option comes with its own advantages and disadvantages, and it’s important to weigh the risks and benefits carefully. Ultimately, the key is to find a funding strategy that allows you to launch and grow your startup while minimizing financial risk and maximizing potential rewards.<\/p>\n

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