Small business owners face the challenge of growing their organization with limited resources. You may think this dilemma is somewhat rare, but 99% of companies are considered to be small businesses. Any major misstep can cost you a big client or potentially the entire business, depending on how critical the mistake is. The best scenario for your organization is to consider slow growth, wise project and customer selection, and focus on profitability by planning, requirements gathering, and scope management. Let’s consider these best practices for managing projects effectively while growing your small business with limited resources.
Slow and steady wins the raceRapid growth is an exciting temptation for small business owners. It’s thrilling to see revenue grow beyond expectations, making it difficult to say no to new projects or further expansion opportunities. Revenue growth is positive, but can distract you from important consideration of the possible downsides. Before you leap to add additional projects or initiatives, ask yourself these questions:...
Slow and steady wins the raceRapid growth is an exciting temptation for small business owners. It’s thrilling to see revenue grow beyond expectations, making it difficult to say no to new projects or further expansion opportunities. Revenue growth is positive, but can distract you from important consideration of the possible downsides. Before you leap to add additional projects or initiatives, ask yourself these questions:...
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