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Protecting Your Business Against the Curse of the Stalled Project

We know that not everything can go right when it comes to business; there’ll always be missed opportunities, projects that were awarded to a different company, sale slumps, and the rest of the stresses and strains that go along with being a business owner. However, there’s nothing quite as annoying as working on a project for a company, only to have that company pull the plug for unknown reasons, and leave you with nothing to do. A stalled project can have massive effects on your finances, company morale, and more: let’s make sure that doesn’t happen to you.



Stay Engaged


You know your company inside out; you do not know the company you’ll be working with anywhere near as well. They might have management issues, cash-flow problems, or any of the other problems that can derail a project. You shouldn’t just a company’s word at face value. Just because they say a project is going ahead, remember that their actions will speak louder than words. If you’re finding it difficult to speak to them, or you think they’re giving vague answers after they’ve said the project will go ahead, it might be a sign that that they’re not as committed as you are.


Limit New Details


More often than not, projects stall because the budget and timeframe get out of hand. A share of this responsibility will be on the company you’re working with, but it’ll also be on you, too. Before you get any project underway, it’s important that you have a robust idea of how long the project will take, how you’re going to do, and how much it’ll cost. If there are suddenly much more details once the project gets underway, then you won’t be able to complain if the plug is pulled. That’s not what they signed up for!


Hire Right


It’s always important to ensure you have the best employees for your company, but it’s especially crucial when it comes to projects. Because the standards are high and the tasks have to completed quickly, you won’t have the time to train up inexperienced workers. Before the project starts, speak to a company like DSC personnel about your staffing needs. Working with an agency will ensure you get expert, fully vetted workers. You also won’t have to hire staff full time, which would be a massive headache if the project stalls and there’s no replacement work.


Find New Solutions


Remember, the project might not be behind schedule because of the other company: it might be your fault. Even the best-laid plans can go awry, and when that means you’ll need to assume responsibility and find new solutions to your problems. You might just need to make tweaks to get everything back on track.


One Egg, One Basket


Finally, remember that you shouldn’t put all your eggs in one basket. If you’re resting your company on the success of one project, then that’s far too much. Diversify your jobs and ensure that your business will be ok even if one job goes sour.


Business Daily Media