Title: Priority Management - Why Priority Management Is So Important To Small Businesses?
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Content: Enter Priority Management
In a business, how one manages their priorities is paramount due to the fact that businesses inherently face a lack of resources. In short, priority management is key. When making decisions, businesses must decide on two things: What is my goal? Do I have the time and resources to reach my goal? Managing Your Priorities
To determine the answers to these questions, consider using a Cost vs. Reward Matrix. Let’s take a close look at the terms: A cost is the price we pay for investing in certain choices. Costs are not only reflected in dollar amounts, but also include the time that we spend on these choices. A reward is the benefit that this project will bring to the company.