Professional project managers and even small business entrepreneurs know that running or starting a new business, client account or project can be nothing short of crazy. There are a lot of factors, risks, and specifications to take note of and consider, not to mention plan a marketing strategy, risk response plan, business plan, and procurement process. So how does one project manager or entrepreneur deal with it all and still be successful?
1.) Put Together a Business Plan or Prototype. When you are first starting out as an entrepreneur or project manager, you need a plan of attack. How will your business function? Where do you see yourself in five years? What does the outcome of your project look like? What are the stakeholder requirements? To answer all these questions, it’s best if you put together some type of business plan or strategy or even build a prototype so you can better gauge certain factors or what the outcome of your business or project will look like.
2.) Think Creatively. We’ve talked many times on how creative thinking is an asset to any small business or project. What stands a business a part from its competition? What makes your project successful for your customers? How does your creative problem solving skills help the overall outcome and success of your project? All these questions can be answered with creativity. Thinking outside the box will surely lead to over project management and entrepreneurial success.
3.) Seek Professional Advice. If you are brand new to the world of project management or starting a business, do your homework. Do some research on some proper project management methodologies and strategies or do some field or market research within the industry of your business. You can also interview other professionals and seek their advice. A lot of business and project management success comes from networking and working with others. And remember, there’s nothing wrong with asking for help.
4.) Sleep. Yeah, right. Seems impossible…especially for new project managers or entrepreneurs. However, this is also one of the simplest (sort of) and most important things you can do. When your head hits the pillow each night, this is when you need to shut off the floodgates and focus on getting a good night’s sleep. Easier said than done, right? Of course this isn’t always going to be easy, but remember that you will function much better, enhance creative thinking, and be able to make better decisions and think more clearly with a good night’s sleep.
All in all, becoming a project manager or entrepreneur and running your own business is certainly a huge challenge and doesn’t fall short of its responsibilities and challenges. However, if project managers and entrepreneurs take the time to incorporate the above tips into their methodologies, success will become much easier to achieve. Of course there will be risks, challenges, and obstacles, but there will also be success and a great sense of accomplishment. Becoming a project manager or starting your own business might just be the hardest yet most rewarding thing you do.