All projects, including developing new business, go through four phases: concept creation, process design, execution, and completion. All entrepreneurs are, to some degree, Project Managers (PMs). The owner is ultimately responsible for the success or failure of the business idea or project. The PM must demonstrate leadership ability and personality, be instilled with inventiveness, flexibility, and courage, and must communicate enthusiasm to all who will ultimately influence the business’s success. As the project manager, the entrepreneur must develop policies that control the process to meet objectives. These objectives are the economic expenditure of resources, quality assurance, performance verification, and the development of process quality management, all of which are encompassed within the Project Management Body of Knowledge (PMBOK). For multiple reasons, including investor confidence and a higher success rate, the “end state” of SOF-EP is for all alumni to become certified PMs.