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The Role of Projects in Small Business

March 5, 2020 by Mel Bost Leave a Comment

When small businesses are formed, the owners are most often concerned with day to day operations.  If a small business was launched to provide a product or service, the daily maintenance of that product or service is the chief interest of the business team. The financial viability of the small business is dependent on the immediate revenues generated by the day to day operations.

SMART Goals

If you have attended any of the SCORE workshops on “Creating a Strategic Plan for your Business,”  you know that having a clear vision of what the business wants to accomplish is so important t to the success of the business long run.  A key ingredient of the Strategic Plan is an assessment of the Strengths (S), Weaknesses (W), Opportunities (O), and Threats (T). Vision and Mission are the results of the SWOT Analysis. I encourage SCORE members to attend these workshops because they are the essence of deciding your role in the business community.

Day to day operations are certainly important in defining the business processes that will deliver the products and services immediately. But small business owners always ask the question “Where does my Strategic Plan lead me?”

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About Mel Bost

Mel Bost is a project management consultant specializing in project closeout and lessons learned, as well as process improvement, best practices, and benchmarking. For the past several years, he has been teaching “Project Management for Research” to postgraduate students at Arizona State University, as well as developing new approaches to the research process. Read More

Project Management Lessons Learned: A Continuous Process Improvement Framework

The NERS department congratulates C. Melvin Bost, Jr., on the publication of his new book.

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