Everybody at one time or another dreams about starting a business. The sad fact is that 22 percent of Small Businesses fail in their first year and by the end of the fifth year as many as two-thirds will fail. The natural partner for a successful startup venture is a formal Project Management Program with its foc used processes, tools, and techniques. Begin building a strong business plan using the Identify Stakeholders process where we identify our potential customers and the Collect Requirements process where we determine what those customers are willing to spend their hard-earned cash on. This helps us jump that first big hurdle in a business where we recognize that what “we” think doesn’t matter, it is the customer’s needs and wants that sell product. The Risk Management processes lower the risk of our venture and as a result, lower the cost of our capital and increase our profit. In this webinar, we’ll explore how the application of these and other Project Management Processes help us defy the odds and nurture a healthy business well beyond that five-year milestone.
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