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Article Summary and Key Concept elaboration Essay

The key concept that I have zeroed down on is “’ Knowing when to expect trouble, and what kinds, throughout the project can help the PM keep peace within the project team and facilitate smooth project progress.”  I chose this topic to conduct research to satiate my academic curiosity regarding this aspect of project management.  It is a concept which is best understood when applied and through research, I intend to do the same. (Dinsmore, 2005)

The article addresses key start-up challenges that most entrepreneurs encounter  when selecting co-founders.  In this regard, Mohit Dubey puts forward some pointers for selecting co-founders.  One has to be very careful when choosing co-founders.  The best way to find a co-founder is to select someone who shares the same urge and objective of construing something meaningful. This urge gives way for commitment and commitment to successful ventures. (Dubey, 2010)

While making the co-founders team, it is important to set lines of authority and expectation levels. The hierarchy should be communicated and the team convinced of reporting lines. At the same time, it is essential to ensure that a synergy exists, i.e.  Every member should bring with him special skills, which are different from that of the

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other owners’.  It is also preferable to choose someone we have worked with  and are aware of his/her attitude towards work. Lastly, the co-founder should have an attractive and presentable curriculum vitae. This is not just important to lay down the foundations of the start-up business but also to convince investors.

It is thus of utmost importance to choose the right co-founders, with the right set of objectives and with the right qualifications. (Kousholt, 2007)

Works Cited

Dinsmore, P. C. (2005). The right projects done right. John Wiley and Sons.

Dubey, M. (2010, April 12). Commitment and Common Purpose make for best co-founders.

Kousholt, B. (2007). Project Management? –. Theory and practice. Nyt Teknisk Forlag.

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