Let's chat about what's hindering you as a small business owner or independent professional from achieving your dreams? I'll share a short story:
I met an individual sometime ago who got into the funeral business as an independent driver. All he focused on was getting calls for his driving services. Of course that's were the money was so that's where he focused. After several months he wanted to re-invest in his business and purchase additional vehicles. When he went to the bank to apply for a loan, he was asked for accurate and up to date financial information. He provided them with a few receipts he was able to find up under his driver seat. Needless to say, he was turned away by the bank as a result of insufficient documentation. He had no idea that when he started his business that he needed to keep well organized financial records. All he knew was that he wanted to start a business, and knew how to get out there and get the business. My dear friend was totally oblivious to all of the behind the scenes, back-office type functions that were extremely critical to the sucess of his business. What could have taken him only days to obtain, took him well over several months by the time he was able to compile enough financial information to present to the bank. After that experience, he hired a virtual assistant to handle his bookkeeping and appointment scheduling. This has allowed him to focus on achieving his dream of becoming a successful business owner by being able to focus on growing his business while maintaining excellent records.
What experiences have you had as a small business owner, and have you found that you just can't do everything on your own even though you try so hard to. The old adage still holds true ' if you want something done right, you have to do it yourself', or does it?
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4 comments:
I run a small business and starting to find it more difficult to complete daily tasks. I am beginning to fall behind.
I am a contractor with 6 employees that work in the field with me. I am starting to need someone to anwser my calls when I am unavailable, send estimates and moniter my website. My problem is that my office is at my house for right now and my men just meet me at our jobs.
This is certainly typical of trying to 'bare the burden' when running a small business..what many small business owners fail to realize is that they are hindering themselves from optimizing their growth potential...the focus is not so much on growing profitably anymore but on trying to maintain the day-to-day work activities, which unfortunately leaves not much time to acquire new business. True enough, your current clients may be pretty satisfied, however it's only a matter of time until you're unable to sustain a fruitful client relationship. Don't be afraid to off-load some of that weight you're carrying....when you do the math, you get way more benefits from outsourcing than not. Outsourcing can in many ways save you money and time. "Do what you love to do & leave the busy office work to those that love to do it!"
great points to improve business
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