Let’s talk about how start-ups can use project management principles
Start-up is the buzzword of business at the moment, as governments and industry look for innovative ways to stimulate the economy. In this podcast, Elise Stevens speaks to Georgia Heath about how start-ups can use project management principles to deliver their product, without feeling creatively restricted.
Georgia is the co-founder of Yup Yup Labs, a start-up that seeks to improve people’s lives by improving the cities they live in. Yup Yup Labs is developing human-centred software and ‘Internet of Things’ solutions, in which everyday objects have network connectivity. The first Yup Yup Labs project ‘Spare Time’ recently won a South Australian government award. The project aims to increase the number of older Australians doing skilled volunteering and micro-consulting for NGOs, community groups and schools for the benefit of the wider community.
Georgia has experience in project management, volunteer management, change management and community engagement.
Points raised in this podcast:
- There is an assumption that project management principles add too much bureaucracy to start-ups, but even the most creative and innovative start-ups need some structure.
- Having some form of flexible project management tool is important to keep you on track.
- Breaking up long-term goals into smaller, more achievable steps can assist people involved in start-ups to focus on tasks.
- Communication and record-keeping can be greatly improved with project management tools.
- Planning does not have to be rigid. Do not confuse planning with scheduling.
- Planning how you will work towards a goal does not mean restricting how and when you get there.
- Risk management is important for start-ups, which are often associated with pushing the boundaries and diving into the legislative unknown.
- Good collaboration skills are essential for start-up teams, but they don’t come naturally, especially to people in technical or highly specialised fields who may not have had to work in teams before.
- Project management principles can also help start-ups know what success and failure looks like, so they can celebrate their wins, and recover from their losses, quickly.
Read more from Georgia Heath about start-ups on her blog.