Wednesday, September 15, 2010

Start up IT company challenges.

There are few points to share regarding the challenges to be faced and the necessary developments required to start up IT firms successfully.

In this competitive world; small companies exist as small company and mostly remain that way..

What is lacking with these so called 'SMALL' Companies?
1. Lack of understanding the strength.
2. Lack of marketing in the subject matter and business plan.
3. Lack of appropriate financial projections.
4. Lack of focus on the targeted business development.
5. Ignorance of the process and documentation.
6. Incomplete requirement/scope freezing and communication among the team and the stakeholder.
7. Inappropriate Effort estimation and project plan.
8. Lack of the project management itself due to various constraints.

Rest; will be discussed in granular level in next posts...