I just graduated with a soft business school degree. What skills should I learn?
I've just graduated from an undergraduate business school, which means I graduated without a HARD skill per se. I now have 6 months of free time before I start work and am trying to decide on how to spend them. I'll be working in consulting for two years, but then my goal is to join early-stage startups and eventually start my own down the line.
With that in mind, I'd like to work on something that will help me down the line. I've considered learning photoshop/design but figured this is something that can be outsourced for cheap and could be not the best use of my time as there are so many photoshop-skilled people out there. I am interested in learning more about coding and have previously taken intro courses, but I am unsure about whether 6 months would give me sufficient proficiency to even be useful? I've also considered working remotely unpaid for an interesting start-up, but felt like I could find more valuable things to spend the summer on given remote/corona work may not be the best learning environment. Lastly, I've considered taking the CFA to get a deeper understanding of the financial end of the stick. I think I'm trying to work on building hard skills but I'm not sure where to go.
Those are the ideas I've had for now and was wondering if anyone had any suggestions or better ideas on what I could do for the next 6 months. Thank you!
Sales, not sure how’d you get experience without a job or a product/service to sell.
Marketing, learn the Facebook advertising platform.
Coding, work your way through freecodecamp.org
Finance, learn Quickbooks.
Project management, learn about scrum and a tool like Trello.
Few off the top of my head.
There were two pieces of recent news that is interesting, one is an opinion of Dallos Mavick's own Mark Cuban. One is today's TED talk on 25 TED talk people discuss the advices they wish they heard at their commencement. One advice directly answers your question there. Good luck. u/theRJMurray is right on coding and salesmanship. There are many things to learn, but AI, selling and branding are the things that count.
I’m not sure 6 months of coding would be useful to you at all. It takes a year or more of intense daily learning to even get to a point where you have any skills worth using. Not to mention time in a job would tell you what kind of coding you would need and how much.
I can’t see a Baine consultant ever needing html/css but I can see them using design software to create better pitch decks for clients. So brush up on Excel, Keynote and data visualization is my reccomendation.
Question asked by
May 7, 2020, 12:26:56 AM
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Startup Lingos To The Point
How to turn an interest into a money maker. How to attract people, how to stimulate people to pay, how to make profit, how to make relations, how to keep relations.
How much do I have to give my audience so they can pay me something in return? What do they value? what problem do they search for answers on your own? I want to solve that problem.
Brand means name recognition. A lot of people knows what your company does and what you stand for. Brand is result of long campaign of consistent value provision and media cultivation. Brand helps a company reduce marketing cost.
Whether there are buyer willing to pay or not. For that to happen you must provide extreme value. The entire startup process would be based on guess before the validation. Validation happens in a market, not on the street.
Value is what you give customers beyond the price you charge. Value is effective solution to a problem. The price your customer pays reflects whether the problem is big for them and whether your solution is uniquely effective. Value stems from quality and detailed work.
Marketing means bring your product to the market and bring your message to your customer. Marketing is not salesmanship. Marketing is to penetrate the world of commerce through many barriers and existing networks.
Minimally viable business, or MVC, minimally viable company. A company that scrapes by, full of guess and hope and no traction and sales. When you give your customers things for free they all take it. But they never pay and you can never rent a table at the market.
Minimal viable product. A full artifact of a real product. Something that works ALL THE TIME. You can demonstrate the real effect on real people - not to sell hope. The MVP may not have certain non-essential bells and whistles, but it needs to have appeal value.
Customer is king
A business lives at the mercy of its customers. You provide your customers 10 dollars worth of value and they pay you 1 dollar, not knowing that your company only costs 99 cents to provide the item. The value is not the item - the value is what is attached to the item.
Company culture is based on a company making money. Once your workers are paid, they need to have a mission and aspiration so they are not bored everyday and make trouble in the work place.
A company valuation is cash investment divided by the percentage. As long as your story is good, the valuation will keep coming, and the investors will keeping falling into the line.
Return on investment
Investors are either behind family fortune (never work with them) or for rich clients as investment vehicle. Both need returns 2-3 times better than stock market darlings.
Having found what people want, not just what people may need. Your offering and their acceptance is sure, no longer a guess. You can provide it for profit, and you can indeed making living on it. Traction is sometimes called validation. You are no longer a theater. You have touched nature, and found cash vein.