So what exactly is a "Small Business Lone Ranger?" A "Small Business Lone Ranger" is a business owner who does all the work themselves.
No matter how big or small the project, the Lone Ranger handles 100% of it. Either because they're afraid to let go of control or because they feel they can't afford to hire help. Can you relate? I know I can!
So what's wrong with doing everything yourself? Well it's tough to grow your business if you're busy managing every single detail. I know it's a bit scary to let go of control or to consider actually hiring help, but I also know it's necessary if you want to grow your business to its fullest potential.
Take my 10-question quiz to determine if YOU are a Lone Ranger. And don't worry if you are, I've got some suggestions to help you rid yourself of this business-stifling affliction!
1. Do you work alone?
2. Do you feel no one can do your work quite as well as you?
3. Do you often feel there aren't enough hours in the day to get everything done?
4. Do you maintain your own website?
5. Do you do your own accounting and billing?
6. Do you write your own sales and marketing copy?
7. Do you get your own mail?
8. Do you buy your own office supplies?
9. Do you create or deliver all your products and services by yourself?
10. Do you fulfill and ship all your sales yourself?
I think you can see this list could go on and on and on, but you get the idea. So if you answered "Yes" to most or all of these questions, guess what, YOU ARE A LONE RANGER! That's okay, I've been one, too.
When your business is small you have to wear many hats because you can't afford to hire help. But at what point do you make a decision to start delegating tasks to someone else? ANSWER: When the time you're spending on administrative tasks involved in keeping your business running prevents you from spending time growing your business.
As a business owner, you should aim to spend at least 60% of your time marketing. You are the BEST person to market your product or service. And marketing is the only way your business will grow and flourish. So if you're too busy paying bills, getting the mail, responding to email and running out to pick up office supplies, then guess what? You don't have time to market. And your business cannot grow.
So what's a Small Business Lone Ranger to do? Here are 6 tips:
1. Make a list of all the tasks that don't require your specific expertise or talent (things like sorting mail, buying office supplies, and filing).
2. Make a second list of the tasks that consume a lot of your time but are OUTSIDE your specific area of expertise (things like maintaining your web site or managing your business finances and accounting).
3. Determine how many hours per week you spend doing these tasks.
4. Determine what additional sales and marketing, or other business-building activities you would have time for if you didn't have to do these other tasks.
5. Estimate how many additional clients or sales you could generate with this extra time spent on marketing and building your business.
6. Make a decision to hire an assistant, bookkeeper, web site manager or whatever specialists are appropriate to handle these tasks. Determine what you can afford based on your results in Tip #5.
I know you're probably wondering how you'll be able to afford it. But really, we can't afford NOT to hire help. Unless we are satisfied with keeping our business small. And don't get me wrong, there's absolutely nothing wrong with that - I've done it for seven years. But if you have a bigger vision (like I do now), then you need a team to help you make that vision a reality.
To start with, your team should include an assistant to do the work that is not a good use of your time. This doesn't have to be a full-time employee; I'm starting out with someone just a few hours a week. You'll also want to get a bookkeeper and a CPA to manage your finances - they'll not only free you up from your accounting tasks, they'll also help you keep more of what you do make.
So take a moment to get a clear vision of what kind of business you want to create. And if that vision is larger than you can accomplish on your own, take the six steps above to get a team to help you make it a reality.
(C) Copyright 2005 Debbie LaChusa
20-year marketing veteran Debbie LaChusa created The 10stepmarketing System to help small business owners successfully market their business, themselves, without spending a fortune on marketing. To learn more about this simple, step-by-step program and to sign up for her FREE audio class and FREE weekly ezine featuring how-to articles, tips and advice, visit http://www.10stepmarketing.com
disinfecting cleaning services Arlington Heights ..If you have a busy private practice, chances are you... Read More
Let's face it, we all tend to get stuck in... Read More
Starting your own e-commerce business can be quite the adventure.... Read More
We all know how glorious those first warm days of... Read More
The last time I spoke and went into a bit... Read More
If you intend to franchise your company you will need... Read More
Work smarter, not harderWhat is one of the best ways... Read More
Opportunities for home show businesses have never been more abundant.... Read More
Most small businesses incorporated in 2005 will fail by the... Read More
TRUTH IN THE LAWN MOWING INDUSTRYWe do not wish to... Read More
One of the most common issues that comes up for... Read More
To wash an airplane there are many items you will... Read More
The stock market is still on a wild roller coaster... Read More
The difference between rates and wages is not always clear... Read More
What is the Big Race all about when it comes... Read More
You're a small business owner with a hot new product... Read More
Hew Hampshire car wash market. Well we have visited every... Read More
Every employee would like to earn as high a salary... Read More
The Operations Plan is a critical component of any business... Read More
Database Problems in MarketingI have been working on a direct... Read More
No, I'm not talking about gambling or dairy cows ?... Read More
In a world full of complications sometimes we overlook the... Read More
Last summer the FTC put forth a report and then... Read More
Just recently, I took a break and caught "The Return... Read More
As an Investment Representative you've worked hard to build trust... Read More
bathroom cleaning service Mundelein ..Send handwritten notes. That applies whether you're a guy or... Read More
Small business owners can relieve a lot of their own... Read More
Start thinking about buying an established business if you want... Read More
Are you tired yet of all the books out there... Read More
SBIR vs. STTR: If you are participating in the SBIR... Read More
The Franchise Group at the Federal Trade Commission in all... Read More
Essentially there are 5 tremendously powerful methods to make money... Read More
Where do you look for the appropriate alliance?One of the... Read More
A Small Business Opportunities Magazine is one of the new... Read More
If you're like the rest of us, you've spent a... Read More
Is it right for you?If you decide to advertise your... Read More
Many investors and business ethics professionals are calling for more... Read More
Boston itself covers 50 square miles of concrete and traffic,... Read More
Here is an interesting case study of a company, which... Read More
Everyday more web based companies enter the business scene. The... Read More
The difference between rates and wages is not always clear... Read More
The restaurant industry in the United States employs an estimated... Read More
In franchising an individual desirous of their own business will... Read More
Many smaller businesses choose niche markets for various reasons and... Read More
Obtaining a business credit card enables the small business owner... Read More
Often smart entrepreneurs look for out of the way businesses,... Read More
I love work, I can watch it all day.I am... Read More
The following are six essential skills to business success. You... Read More
A cluttered world of marketing communications diminishes the ordinary. The... Read More
Starting the blind cleaning business is one of the best... Read More
Small Business |