Advertising
Advertising

The 4 biggest reasons you don’t finish projects and how to avoid them

The 4 biggest reasons you don’t finish projects and how to avoid them

When most consultants start their businesses they are scared. Scared that they won’t be able to pay the bills. Scared that when that happens they’ll end up closing their business and heading back to employment with their tail between their legs. This fear brings a bunch of pain in two ways.

First they say yes to terrible clients that treat them poorly. These clients keep asking for more value without wanting to pay more for the value. They treat you as little better than an employee they don’t have to pay benefits to.

The second painful part is that because of all these bad clients with continually changing requests you have a hard time finishing projects. Things continually get backed up and you end up working late into the evening seven days a week. These late nights lead to poor decisions which decrease your ability to finish projects even more.

To help you combat that let’s look at the 4 biggest reasons that projects fail to get completed. With just a bit of planning you can stop them all from happening.

Advertising

1. You didn’t scope the project properly

The biggest error most consultants make is they assume they already know what the project is about. They have a single 30 minute call with the prospect and then they send over an estimate based off a few hand written notes. They get the deposit and then get working only to discover there are about 56 extra things and they are all required and as the client talks you realize how they could have assumed they were required.

Unfortunately now you’re backed into a corner and need to complete the project, hopefully.

Solution: Before you can do any project you need to write up a detailed project plan. No the RFP the client sent you doesn’t count nor does the project plane they supplied. Use these documents as a base for your project plan.

Sometimes these sessions to write up a proper project plan are referred to as scoping sessions and what they come down to is going through all the items the prospect has asked for and writing out the deliverables but more importantly the outcomes for each item.

Advertising

I say more importantly the outcomes because the outcome is what’s really valuable to the client. They’re hiring you to increase sales, or decrease costs, not to just deliver a feature. At least that’s what they hire good consultants for.

2. You are working with the wrong client

All consultants have had clients that were simply needy. They want a call every day and have 22 new requests which of course should just be included in the original project and where are the 26 things they asked for yesterday? It’s no fun and it sucks the life right out of you, but it’s entirely your fault.

Solution: The solution to this is to establish a solid client vetting process. To do that you need to do a few things.

First, define your ideal client. One of the best resources for this is Micheal Port’s book Book Yourself Solid. If you have a bunch of bad clients now then it’s time to say goodbye to them.

Advertising

Second, setup a repeatable system to weed out the clients you don’t want. I use the same set of 9 questions in my initial email to prospects and don’t move forward with the sales process unless I like the answers they provide.

Third, you need to get them on the phone preferably with video to talk about the project. Nothing will give you a better read on the prospect than seeing their mannerisms and if you can’t meet them in person, video is the next best. At the very least you need to hear their voice so pick up that phone and have a call.

3. You just forgot about it

Ever get that email on Monday from a client that’s paid you money wondering where the project is at? You feel terrible because you simply forgot about the project and haven’t been working on it very much.

Solution: The problem here is that you’ve relied on your memory instead of having a reliable project management system to use to manage your projects.

Advertising

The simple fact is that if you don’t write it down, it won’t happen. Choose a project management system. It doesn’t matter much what you choose just get a system and use it for all projects.

4. You’re too busy

We love to say yes as consultants. We want to help people and it feels awesome to have people want to work with us. We’re also brought up to be people pleasers, so it’s hard to say NO to prospects.

Sometimes even with a good client vetting process you’re still going to have more good qualified leads than you should be handling. The problem is you keep saying yes and then projects take a bit longer (because they always do) and then you’re running to many projects at once.

Solution: The only solution to this is to say NO more, even if the lead is a qualified lead. One way of saying NO more without actually saying no is to raise your rates. Some of the leads that you previously got will now think that you’re too expensive and just won’t come to work with you anymore.

Another way is to add criteria for your ideal clients. Instead of just working with fitness coaches, only work with Crossfit coaches. That will eliminate some of the leads you would have taken before.

No one wants to leave a swath of ruined projects in their wake. With just a bit of planning and a few processes in place to vet clients and manage projects you can help ensure that you don’t fail to finish projects.

More by this author

4 Ways to Become a People Connector How Focussing On Project Failure Can Lead To Success 3 Ways To Cut Your Daily Work Interruptions 3 Reasons you need to prioritize sleep if you want to be successful 5 Reasons Saying Yes is Hurting Your Business

Trending in Productivity

1 Effective vs Efficient: What’s the Difference Regarding Productivity? 2 5 Powerful Decision Making Skills to Help You Make Decisions Fast 3 10 Essential Steps to Success to Actually Reach Your Dreams 4 How to Rebound from Burnout in Just 8 Hours 5 How to Create an Action Plan and Achieve Your Personal Goals

Read Next

Advertising
Advertising
Advertising

Last Updated on September 30, 2020

Effective vs Efficient: What’s the Difference Regarding Productivity?

Effective vs Efficient: What’s the Difference Regarding Productivity?

When it comes to being effective vs efficient, there are a lot of similarities, and because of this, they’re often misused and misinterpreted, both in daily use and application.

Every business should look for new ways to improve employee effectiveness and efficiency to save time and energy in the long term. Just because a company or employee has one, however, doesn’t necessarily mean that the other is equally present.

Utilizing both an effective and efficient methodology in nearly any capacity of work and life will yield high levels of productivity, while a lack of it will lead to a lack of positive results.

Before we discuss the various nuances between the word effective and efficient and how they factor into productivity, let’s break things down with a definition of their terms.

Effective vs Efficient

Effective is defined as “producing a decided, decisive, or desired effect.” Meanwhile, the word “efficient ” is defined as “capable of producing desired results with little or no waste (as of time or materials).”[1]

A rather simple way of explaining the differences between the two would be to consider a light bulb. Say that your porch light burned out and you decided that you wanted to replace the incandescent light bulb outside with an LED one. Either light bulb would be effective in accomplishing the goal of providing you with light at night, but the LED one would use less energy and therefore be the more efficient choice.

Now, if you incorrectly set a timer for the light, and it was turned on throughout the entire day, then you would be wasting energy. While the bulb is still performing the task of creating light in an efficient manner, it’s on during the wrong time of day and therefore not effective.

Advertising

The effective way is focused on accomplishing the goal, while the efficient method is focused on the best way of accomplishing the goal.

Whether we’re talking about a method, employee, or business, the subject in question can be either effective or efficient, or, in rare instances, they can be both.

When it comes to effective vs efficient, the goal of achieving maximum productivity is going to be a combination where the subject is effective and as efficient as possible in doing so.

Effectiveness in Success and Productivity

Being effective vs efficient is all about doing something that brings about the desired intent or effect[2]. If a pest control company is hired to rid a building’s infestation, and they employ “method A” and successfully completed the job, they’ve been effective at achieving the task.

The task was performed correctly, to the extent that the pest control company did what they were hired to do. As for how efficient “method A” was in completing the task, that’s another story.

If the pest control company took longer than expected to complete the job and used more resources than needed, then their efficiency in completing the task wasn’t particularly good. The client may feel that even though the job was completed, the value in the service wasn’t up to par.

When assessing the effectiveness of any business strategy, it’s wise to ask certain questions before moving forward:

Advertising

  • Has a target solution to the problem been identified?
  • What is the ideal response time for achieving the goal?
  • Does the cost balance out with the benefit?

Looking at these questions, a leader should ask to what extent a method, tool, or resource meets the above criteria and achieve the desired effect. If the subject in question doesn’t hit any of these marks, then productivity will likely suffer.

Efficiency in Success and Productivity

Efficiency is going to account for the resources and materials used in relation to the value of achieving the desired effect. Money, people, inventory, and (perhaps most importantly) time, all factor into the equation.

When it comes to being effective vs efficient, efficiency can be measured in numerous ways[3]. In general, the business that uses fewer materials or that is able to save time is going to be more efficient and have an advantage over the competition. This is assuming that they’re also effective, of course.

Consider a sales team for example. Let’s say that a company’s sales team is tasked with making 100 calls a week and that the members of that team are hitting their goal each week without any struggle.

The members on the sales team are effective in hitting their goal. However, the question of efficiency comes into play when management looks at how many of those calls turn into solid connections and closed deals.

If less than 10 percent of those calls generate a connection, the productivity is relatively low because the efficiency is not adequately balancing out with the effect. Management can either keep the same strategy or take a new approach.

Perhaps they break up their sales team with certain members handling different parts of the sales process, or they explore a better way of connecting with their customers through a communications company.

Advertising

The goal is ultimately going to be finding the right balance, where they’re being efficient with the resources they have to maximize their sales goals without stretching themselves too thin. Finding this balance is often easier said than done, but it’s incredibly important for any business that is going to thrive.

Combining Efficiency and Effectiveness to Maximize Productivity

Being effective vs efficient works best if both are pulled together for the best results.

If a business is ineffective in accomplishing its overall goal, and the customer doesn’t feel that the service is equated with the cost, then efficiency becomes largely irrelevant. The business may be speedy and use minimal resources, but they struggle to be effective. This may put them at risk of going under.

It’s for this reason that it’s best to shoot for being effective first, and then work on bringing efficiency into practice.

Improving productivity starts with taking the initiative to look at how effective a company, employee, or method is through performance reviews. Leaders should make a point to regularly examine performance at all levels on a whole, and take into account the results that are being generated.

Businesses and employees often succumb to inefficiency because they don’t look for a better way, or they lack the proper tools to be effective in the most efficient manner possible.

Similar to improving a manager or employee’s level of effectiveness, regularly measuring the resources needed to obtain the desired effect will ensure that efficiency is being accounted for. This involves everything from keeping track of inventory and expenses, to how communication is handled within an organization.

Advertising

By putting in place a baseline value for key metrics and checking them once changes have been made, a company will have a much better idea of the results they’re generating.

It’s no doubt a step-by-step process. By making concentrated efforts, weakness can be identified and rectified sooner rather than later when the damage is already done.

Bottom Line

Understanding the differences between being effective vs efficient is key when it comes to maximizing productivity. It’s simply working smart so that the intended results are achieved in the best way possible. Finding the optimal balance should be the ultimate goal for employees and businesses:

  • Take the steps that result in meeting the solution.
  • Review the process and figure out how to do it better.
  • Repeat the process with what has been learned in a more efficient manner.

And just like that, effective and efficient productivity is maximized.

More on How to Improve Productivity

Featured photo credit: Tim van der Kuip via unsplash.com

Reference

[1] Merriam-Webster: effective and efficient
[2] Mind Tools: Being Effective at Work
[3] Inc.: 8 Things Really Efficient People Do

Read Next