Head start

Start-ups thrive on an agile and high-level entrepreneurial spirit, in relaxed--and often makeshift--environments that demand everyone wear multiple hats. But without a formal approach for managing projects, even the most revolutionary start-up can lose focus on--and control of--their activities, goals, and outcomes. This article discusses how start-up companies are using project management to compete against established organizations. In doing so, it describes the typical way most start-ups manage projects, noting how their approach to implementing projects usually evolves. It identifies the perception which often causes many entrepreneurs to shun formalized project management structures. It looks at how entrepreneurs can integrate a formal project approaches into their organizations, explaining how start-ups can ensure that they prevent small issues from escalating into large problems that detrimentally impact projects. It then overviews how one start-up, Powerchex (London, UK), evolved into one of the UK's
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