![]() SEE: Quick glossary: Startups (TechRepublic Premium) ![]() The good news is this also means each experience provides an opportunity to learn from any mistakes that are made. Having setbacks in a startup is common because almost every experience is new at some point. Identify opportunities to learn from setbacks There are many work collaboration, communication, project management, creativity, and productivity tools available online that can help your startup to grow–some are open source and other paid web-based tools usually offer a free version to individuals or startups. If your company does not have a budget for expensive tools, look for free web-based options that can be leveraged until your business can afford other tools. It’s unwise and unrealistic to think that a startup can grow without relevant and affordable tools to manage day-to-day work. Procure the right web-based toolsĮvery company needs tools for effective growth. SEE: 10 tips for helping your users follow IT documentation (free PDF) (TechRepublic) 4. Process documentation also helps to set expectations around not only how to complete tasks, but also why. When process documentation is readily available, especially for new employees, it creates efficiencies and reduces the need for excessive training and re-training. It isn’t enough to just develop effective internal business processes–having written documentation for those processes provides all employees with the standard they need to follow, removes inconsistencies, and reduces instances of error and confusion. To manage client expectations, it is essential to fully understand their needs, have effective and frequent communication, and set realistic expectations about how you are going to meet those needs. If you don’t take care of your clients, they’ll simply choose another company to buy from. Your business works because there are clients who buy your products or services. Set realistic client expectationsĮvery company must put their clients first. SEE: 20 project management books to read now (TechRepublic) 2. ![]() This ensures that all projects follow the proven best practices that help identify and meet business requirements, reduce waste, optimize the use of resources, and increase the chances of achieving goals. PMI’s Project Management Body of Knowledge (PMBOK) can help startups set a high standard of project management excellence right out of the gate. The best way to grow your startup is to adopt established project management standards. ( Note: This article about managing a startup is available as a free PDF download.) 1. Startups have to be more efficient if they expect to grow, and keeping up requires these six actionable items. SEE: Launching and building a startup: A founder’s guide (free PDF) (TechRepublic) The marketplace is saturated with startups, making it vital that each one of those business owners not only differentiates their product or service, but also keeps pace with their daily tasks. From managing projects, client expectations, and employees to handling finances, emails, and addressing issues, there’s no end to your to-do list.Įach day, thousands of people start new companies, and thousands more are thinking up new ideas for a startup. If you are the owner of a startup, then you know there’s all kinds of work that needs to be done. Here are six actions startup owners or managers can take to help manage tasks and busy schedules. Owning or managing a startup can be exhausting.
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