If you are paying your bills on time the answer is probably: yes!
If you are juggling a career, a family and all your other obligations, while paying your bills, the answer is probably: YES!
Now imagine doing the work, family and life thing and running a business! It might seem daunting and even impossible. Do not despair.
“The benefits of running your own business is that you can use prioritize the resources and effort to make not only the business succeed but your life as well,” said Andre Michalopoulos, ANDION Business Solutions.
What Andre (you say Michalopoulos 5 times fast) is saying is that when you are the boss, you get to make decisions, you get to allocate resources, and you get to spend certain monies before the government takes their income tax cut.
So if you try to do it all yourself your initial list:
• Prepare the presentation for Monday
• Get the kids to soccer, hockey, dance and tutorials
• Get food together for the BBQ this Saturday
….will have a few more things added to it such as:
• Bookkeeping, banking, payroll, deductions at source, rent for the first, marketing, social media updates, ordering supplies, preparing client work, getting staff trained, coordinating activities etcetera, etcetera, etcetera …
Quite frankly the list can be endless.
What we would like to say is that you need to do three things:
Your planning should include management oversight systems for reviewing and catching mistakes that others will make. Yes, they will make them at first – but if you have a system they will learn from them and eventually do it better than you. If you keep doing it you will be stuck in their job forever.
Your prioritization should include life and family. Yes, it is okay to delegate things that make your life easier – if you compensate for them fairly. This is the beauty of running your own business, you can choose what to prioritize and you can plan ahead for you key customers as well. They will appreciate it!
Delegation is what all new (and some seasoned) business owners have trouble with. They think that they can do it all, better and faster. They forget to take into account for how long. They forget to take into account the power of leverage. They forget to take into account the power of scalability and growth.
If you want to create a business – as opposed to a job – you need to learn to delegate.
Delegating does not mean forgetting. It does not mean ‘hoping’. It does mean that it needs to be part of the plan. Planning does not stop at the beginning of the process. It is a continuous part of the process. You need to monitor; train; adapt and ensure that the quality remains there. You need to learn. You need to share. You need to smile. You need to adapt.
Want to know one more thing? You get to decide much of what you delegate. So you do not like the bookkeeping and accounting? Delegate it!
You cannot prioritize the social media and marketing? Delegate it!
You are not keen on training and developing systems? Delegate it!
“What people, often, do not realize is that there are other smaller businesses out there that would value adding an owner operated business to their client list. It is about people dealing with people.” Andre Michalopoulos
Now make some time for that summer BBQ and the kid’s soccer game and go with a smile.Share your summer experience with NeaMedia.
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