Starting your own business is a tough decision to make, for most it is a leap they have always pondered before, but perhaps were concerned about the security of it all.
Once taking the leap, you will potentially realise how blooming personal it truly is. I’ve heard the saying “It’s just business, it’s not personal” said so many times, however, when it is your own business, your own job or the service you provide to others, it truly is personal. I think having the personal touch is the defining feature of running a business that people buy into. If you don’t have that personal touch, the edge that makes you different from the thousands of competitors out there, then why would someone choose you, other than looking at the cost? (and don’t get me started on how cost should not be the be-all and end-all for a contact to turn into a client!). (more…)
You built it from nothing; you’ve sweated, toiled, shouted, questioned, persuaded, co-operated and worked until you dropped to make it happen and now you’re at breaking point. If you know this feeling, you’re probably an entrepreneur and you’re most likely completing tasks in the business that are not a good investment of your time. You need to let go to grow.
You need to trust someone with your ‘baby’ and it hurts! No wonder you resist; the key thing is to know when the time has come, when you’ve reached the point that you’ll be damaging not building your business if you refuse to release control. As entrepreneurs ourselves, we’ve been there and we understand how challenging it can be to take that first step. Here are our top tips on how you can take your business up a level, when you let go to grow:
Review what you spend your time on. For a week, keep a strict timesheet (there is no point if you don’t do this properly) and include details on what you’ve done and who it was for. Include a column that says ‘Invoiceable?’ and put yes or no and if it is something you can invoice, put details of how much and who to. At the end of the week, look at how many hours you’re spending on work you cannot charge anyone for.
) Start with small steps. We are not suggesting you hand-over the reigns to any part of your business; this is about acknowledging what you’re doing that someone else can do in less time and to a higher standard than you can. A great place to start is with administrative tasks such as follow-up appointment making post-networking events, responding to email requests for information such as on-line brochures or even taking on the management of one of your social network profiles.
Give it time to work before you go back to old habits. We’ve often heard entrepreneurs in our own networks talk about bad past experiences; it’s interesting how much time we give ourselves to achieve our goals, yet we expect others to have instant impact on our results. Before deciding you were right all along and nobody can look after any aspect of your baby like you do, allow a realistic timescale such as three months, and make sure you keep giving feedback to allow the best possible chance of getting what you want and need.
Use the free time for business growth. There is little point in delegating aspects of your business to another, only to spend the newly available time on non-growth-related tasks. Review what you could do with this time by being honest about what created most new business for you in the last twelve months. Then do more of it.
Keep monitoring your results and celebrate the increased business. Once you review what an impact delegating can have on your business, you’ll find it can become liberating. You’ll be building trust with the person or people helping you and now is a good time to ask yourself if there is more you can give them and what you could do as a result. And if you’re not getting the results you’d hoped, look at what needs to change before you decide it’s not right for you and go back to doing it yourself.
We’ve been lucky enough to work with some of our entrepreneurial clients for several years and each year we find we’re a little more involved with the business and helping free-up time for our clients to do more of what they love; the thing they actually went into business to do.
Clients tell us they’ve discovered that having people to delegate to who are not directly involved in the business is a great advantage as an entrepreneur. They become a sounding board, someone they can trust ideas with, share challenges and fears and successes with too. The working life of an entrepreneur is often an isolated one, and this aspect alone, is a huge benefit you’ll experience when you let go to grow.
We’d love to know if you’ve let go to grow and how it’s helped you as an entrepreneur; what top tips would you share?
As a business owner it can be tough to remain inspired about your business, whether it’s because you have become what is called the “Technician”, AKA doing all the tasks for clients, rather than managing the business, or you just feel you are trucking along in your business, not really doing what you love any more. (more…)
As a business owner you may have started your business saying “yes” to every project available, learning while you go and possibly spending a lot of time doing things you weren’t really in the business for.
This happens across all industries, don’t worry, you are not alone!
However, how can you start to either wean off of these services or, if more clients continue to ask for these offerings, how can you add them to your service without having to spend time on them? (more…)
As a virtual assistant, who offers services out of my client’s office, I get asked about the issues that can arise from working with a virtual team quite regularly.
In a world where technology is helping us to work more virtually, many business owners and companies are noticing the benefits of having a team that is not fully employed, or working at their office. (more…)
It’s how most of us felt in our first year, or three, of running a business; how can we even consider time away when we are the business? You are it, there is no “back-up” or answering service. If you go on holiday the business will fail, won’t it? (more…)