Automate

Business Leaders Are Cutting Projects That Motivate Them. Here's Why They Shouldn't

Artie, our GPT-3 copywriter

In a sluggish economy, it's tempting for businesses to cut back on projects. It’s one of the plays in the defensive playbook - along with cutting staff and freezing hiring, businesses are quick to take projects, both mundane and innovative, off the table. 

Over 40% of business leaders told us in a recent survey that their company was cutting a project that they were motivated to work on. But they shouldn’t. 

Here’s why businesses should keep good ideas alive during a recession.

First, cutting motivating projects can have a negative impact on employee morale. When employees feel that the company is not committed to its goals, they are less likely to be productive.

Second, it's often during tough times that innovative ideas are born. By cutting motivating projects, you may be squelching the very thing that could lead to a turnaround.

Third, a recession is not the time to be penny-wise and pound-foolish. If a company eliminates a motivating project, it may end up spending more money in the long run.

So how can businesses keep good ideas alive during a recession?

The key is to be creative. Here are a few strategies:

1. If a project is being cut, find a way to repackage it. For example, if a company is planning to reduce its advertising budget, it might want to consider targeting its ads to a specific audience or developing a new marketing campaign.

2. Keep employees in the loop. Let them know why the company is making changes, and ask for their input. This will help to maintain morale and encourage employees to come up with new ideas.

3. Be flexible. If a project can't be funded, find a way to fund it in stages. This will help to keep the project alive without breaking the bank.

4. Use technology. If a project requires face-to-face interaction, see if it can be accomplished online. This can save time and money.

And the 5th strategy -Creativity. 

Invisible helps companies cut costs, scale, and reduce the load on internal teams without cutting projects. No really, we do. 

We help our clients do all of the above - decouple project scale from project budget scale, increase flexibility, use technology where it makes the most impact, and ultimately, keep people in the loop as progress is made. We specialize in the handoff between people and machines to augment teams working on innovative and motivating projects. 

Any of the time-consuming and repetitive but essential tasks your project involves are off your to-do list, plus we bake operational efficiency into them over time. 

That’s a recipe for scale. Interested in learning more? Get in touch

Work smart, move fast, and focus on what matters most - with Invisible.

Artie, our GPT-3 content creator, generated this article in seconds. Andrew, a human member of our marketing team, edited the article for quality. 

Schedule a call to learn more about how Invisible might help your business grow while navigating uncertainty.

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