In business terms, a project essentially describes any type of business activity that has a clearly defined beginning and end. Project Management is simply a business tool, which helps to ensure that each ‘project’ or ‘business activity’ is carried out as efficiently and successfully as possible through following a standard PM process.
People tend to only associate projects with big businesses and large-scale budgets, when in reality projects have nothing whatsoever to do with size and Project Management is an incredibly beneficial tool that can be successfully applied to businesses of any size.
As a small business owner, you may have goals to develop and create more products, expand the services you currently offer clients, or perhaps you have a problem or hurdle you wish to overcome in order to move forward. A problem could include anything from replacing an unsuitable website or reviewing the way you presently schedule appointments. From a business perspective, any of these types of activities can be described and approached as a project, in order to achieve the best possible results.
Project Management can help your small business to compete successfully with others in your industry and achieve success in all of your business goals.
How can Project Management benefit a small business?
When a business is able to apply a consistent approach to the way each and every single one of their projects is tackled, less time is wasted and performance is significantly improved. Improved performance leads to a direct increase in profit.
The key benefits are:
• Better time management achieved through a standard approach to projects
• Rapid completion of projects – giving your small business a competitive advantage
• Increase in overall performance of the business as more goals are achieved
• Increase in productivity, turnover and profit
How to implement Project Management in your small business
There are a number of existing web based Project Management tools that are affordable and easy to learn and use, allowing small businesses apply the methods to their business immediately. Choose a simple and proven approach that is straightforward to learn and gradually perfect.
There are also a number of affordable Project Management training options to choose from. If your interested in this route then take a look online for reputable training providers and aim to have as many staff members as possible trained. Giving your staff the skills and tools they require to effectively apply Project Management processes to their role will significantly increase their value to your business and enable your entire team to share best practices.
An incredibly powerful tool
Project Management has the power to completely transform the future of your business by aiding it to develop and grow successfully. Regardless of the size of your business, whether you are a sole trader working alone or a small business owner managing your own team of staff, you have a great deal to gain by applying Project Management techniques to your business at the earliest opportunity.
The results are soon apparent because before you know it, you will be defining your goals and efficiently achieving them, on time and on budget within a clearly defined Project Management framework. You will quickly gain insight into what works well for your business and what doesn’t work quite so well and this insight can be applied to each subsequent project in order to improve results and help you to work more efficiently.
When you see for yourself the huge difference Project Management makes to your small business, you will probably find yourself wishing you had applied its methods and techniques years ago!