Ideas and passion aren’t all you need for success and micromanaging every aspect of your business just isn’t realistic. Unfortunately, you don’t have an infinite amount of time to get everything done, and getting caught up in the excitement of being an entrepreneur can leave you falling behind instead of moving your business forward. You need someone that understands your vision and can create an environment of strategic implementation and steadfast project timelines, keeping you and your team on task. You need a Project Manager! 

Project Managers are responsible for planning, organizing, and directing the scope of your business projects on time and within budget. 

Often, a business owner’s decision to hire a Project Manager comes long after they could benefit from one. Here are 3 reasons why you should have already hired a project manager: 

  1. Strategic Implementation
  2. Project Timelines 
  3. Accountability 

    Most businesses become overrun with inefficiencies before realizing where an investment in a Project Manager and the software that will keep everything organized will make a difference. As entrepreneurs, we can get caught up in the high of coming up with the next great idea, but without the right Project Manager and systems in place to see them through, they’ll never get a chance to get off the ground. 

    Let’s look at how hiring a Project Manager can drive your business forward.

    Strategic Implementation

    A strategy with no plan for implementation leaves your bottom line vulnerable. A Project Manager uses strategic implementation to turn your plans into actionable steps to accomplish your goals. This is vital to the growth of your business and will help you develop and strengthen its sustainability. Planning takes time and can be all-consuming, but it matters and keeps you on track. Don’t let distractions keep you from success!  

    Many factors play a role in a business’ ability to implement strategy, including adaptability, commitment, and key performance indicators. Project Managers propel your business forward as they focus their energy on these key factors and prepare your business for the risks along the way. Strategic implementation that considers the ups and downs of entrepreneurship is vital in having a sustainable business model and achieving your goals faster. 

    Project Timelines

    Without deadlines or a roadmap for where your business is headed, growth and profit will seem harder to achieve. Project timelines allow you to track your progress, manage your efforts, and increase communication to your team about what needs to be done and when for the business to move forward. Having your tasks loaded into a reliable project management software allows you to create templates and workflows that increase efficiency on similar projects and assess what changes need to be made.  

    Project Managers will help you refine your goals and project requirements and lay out your project timeline. Their expertise gives them insight into how goals can be broken down into tangible tasks, task dependencies and deadlines, and the way the work is best delegated. As chief problem solvers, they will review and analyze team performance, pivot when changes need to be made, and ensure that everyone, including you, is working towards accomplishing the goals of the project. 

    Accountability

    When we aren’t held accountable, we fail to deliver. In fact, 70% of projects started by businesses never get finished. While a high number, it should come as no surprise as projects go undone, most often, due to a lack of direction, clear communication, leadership, and accountability. 

    Project Managers are the dedicated solution to these pitfalls as they are responsible for holding everyone else accountable. When projects fall behind, they are there to make the necessary changes to get things back on track. They not only keep the team on task but are vigilant of where your time is best spent as the business owner. Accountability is the difference between meeting your goals in one year versus five. It is why so often we invest in business consulting. 

    Small Businesses Fail due to indecisive leaders

    Consulting Meets Project Management

    So why don’t all small businesses have project managers?  To bottom line it, it’s because they can’t afford the $150,000 salary.  But, what if you could not only have an experienced project manager for a fraction of the cost?  What if you had a business consultant who can help you clarify your goals and dedicate time to strategic planning, but who can also take your work together into actual implementation? Project implementation takes creative problem solving, effective communication, efficient decision making, and team management.  

    At Stability Guide, we set ourselves apart using our three-step process of goal clarification, strategic planning, and project implementation. We will guide you from that first exciting idea to actually making it happen. We take the time to understand your vision and help you determine how we can achieve it together. Our goal is to help you optimize your business for profitability, growth, and stability. Set up a free consultation with us today and start implementing the best strategies for your unique business.

    Optimize your Business for Growth

    At Stability Guide, we set ourselves apart using our three-step process of goal clarification, strategic planning, and project implementation. We will guide you from that first exciting idea to actually making it happen. We take the time to understand your vision and help you determine how we can achieve it together. Our goal is to help you optimize your business for profitability, growth, and stability. Set up a free consultation with us today and start implementing the best strategies for your unique business.