Tuesday, April 12, 2011

Miscalculating your ROI can

Miscalculating your ROI can lead to you feeling falsely secure because your small business is doing well, when it actually isn’t. This is why, when getting your ROI, you must include all resources used, most important of which is your time. When small business owners calculate this ratio, some may actually feel they’re better off working full-time.

If you’ve just opened up your business, your ROI is bound to be quite low. This shouldn’t discourage you. However, if your ROI is still low after two years, it may be time for a change of products, or marketing techniques. And if it’s still low after ten years, then you’re better off getting a better pay for your hours elsewhere.
Projects typically need stuff: servers, software, subject matter experts, pizza, etc. And to buy all this stuff, you need to go through procurement processes. That's just a fancy way of saying you need to follow some rules and procedures within your organization to get the things you need to complete your project.Well, duh.?????In some organizations where I've consulted, the project managers can spend carte blanche up to $10,000 on any purchases they need. In other, less fun organizations, the project managers can't buy a soda pop without an accountant's permission.

No comments:

Post a Comment