Managing a small business presents a number of unique challenges, from working with a limited budget to managing the growth of a service or product to ensuring that each employee has the tools he or she needs for optimal performance. While contending with these and other small business hurdles can be difficult, they are far from unmanageable. And as a number of small businesses have already proven, one of the best ways of staying on top of your expanding enterprise is to invest in a web-based project management solution.
A 2015 study conducted by the Project Management Institute indicates that online project management software is becoming one of the most popular approaches to small business management. According to the survey results, 60% of prospective small business buyers reported that they currently employ e-mail, spreadsheets, or other manual methods of project management. Unsurprisingly, 29% of individuals surveyed reported that their current project management solution is too complex. Another 15% claimed that their current method has become obsolete owing to lack of developer support.
The study also found that between 2014 and 2015, small businesses seeking to integrate project management software into their business model for the first time increased by 14%. First-time buyers of project management software were motivated by a number of factors, including the desire to improve workplace organization, increase transparency of project updates and statuses, and accelerate automation. 84% percent of the small businesses surveyed in the study had an annual revenue of $5 million or less—which means that they were also in need of an affordable solution to these improvements.
Online project management software such as ConductorLIVE offers a powerfully dynamic yet simple-to-use solution to achieving optimal organization, communication, and collaboration in the small business setting. By providing a convenient online platform that can be accessed from any place and at any time, web-based management solutions empower individuals and teams to exchange information, upload and access files, check the status of a task or project, and provide feedback with ease. Moreover, online project management offers a scalable solution that can be tailored to the specific needs of your business and expanded to keep up with the growth of your product or service—as well as with the growth of your team.
Moreover, project management software offers an affordable solution to your communication and collaboration needs. Web-based tools can often be acquired on a subscription basis, which means that you can gauge the viability of a given platform for your business without long-term commitment. The Project Management Institute also recommends that buyers consider a platform with simple functionality—which can translate to money saved by eliminating the need for expensive training sessions.
Software such as ConductorLIVE can also save you money in the long run. Email is one of the biggest time and money sinks in today’s business world, and avoidable meetings are likewise a major drain on productivity. Hiring contract talent when a project requires immediate attention can likewise prove extremely costly, and even prohibitively so for businesses that are just getting up and running. By adopting web-based tools to keep your team organized and informed, you can minimize these and other unnecessary expenditures, improve productivity, and devote your focus and finances to what really matters: growing your business.
Web-based project management software can help you optimize your small business’s potential by facilitating better communication, dynamic collaboration, and unprecedented productivity. If you’re looking to mitigate the many challenges of running a small business, consider streamlining management model by adopting a powerful, affordable, and easy-to use online collaboration platform such as ConductorLIVE.
