Startup Funding Espresso – Product Management Skills

Product Management Skills

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Product management requires several skills to succeed.

Here’s a list of skills to consider:

Communication skills -- the product manager communicates verbally and in writing with prospective users, customers, developers, and management.

This comes in the form of planning the product, gathering feedback on the current version, and proposing next step features.

Collaboration skills -- the product manager must align the objectives of several competing groups to come together.

This comes in the form of finalizing the specifications of the product, prioritizing features to include, and how to position the product in the market.

Technical skills -- the product manager must be able to understand the technology behind the product and its application.

This comes in the form of writing case studies, identifying new features to build, and talking with customers about feedback on the product.

Business skills -- the product manager must be able to perform basic business skills such as market research, analysis, and projections.  

This comes in the form of crafting a forecast for the product, analyzing customer usage, and calculating profit and loss on a product line basis.

These are the basic skills needed for product management. 

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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