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
recurring maid service Wilmette ..Q: I really want to start my own business, but... Read More
-- Beyond Cold Calling, "Warm" Calling and Sending E-mails --Many... Read More
In the book Women and Small Business author gives all... Read More
Sometimes when you run a business you feel as lonely... Read More
What is a Family Business? A family business is basically... Read More
One of the biggest fears people have about starting a... Read More
Quality control in franchising companies is paramount and all franchising... Read More
Passion. Passion alone can make your business successful. As an... Read More
Contrary to popular belief, small businesses can survive a crazy... Read More
Like most regulatory bodies in the United States, the Federal... Read More
One of the primary concerns all small businesses have is... Read More
If you're like the rest of us, you've spent a... Read More
How do you find groups that are in need of... 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
We all know that competition is an ugly word but... Read More
Buying a franchise is not for everyone. This guide will... Read More
If you run a pressure washing company in a rural... Read More
You know what makes me really happy? Drinking a Starbucks... Read More
As an Investment Representative you've worked hard to build trust... Read More
Should your business have a toll free number for customers... Read More
Financial Consultants are one of the fastest growing industries today.... Read More
If you're an entrepreneur responsible for your own small business... Read More
You want to know more about making money with your... Read More
Here are seven ways for owners of small businesses to... Read More
last minute cleaning help Highland Park ..A few years ago, I visited Beijing for the first... Read More
BioTechs even with the latest news had shed over 1000... Read More
It seems so long ago that I started my first... Read More
Many new ventures are preoccupied with all the money they... Read More
Q: After years of dreaming about starting my own business,... Read More
If you're starting your own business or currently work for... Read More
Pressure washing companies must look for customers in the retail... Read More
Cash is King... That is what everyone tells us and... Read More
Let's face it, we all tend to get stuck in... Read More
New Franchisors and Entrepreneurs need to watch out as they... Read More
Whether your target audience is in your neighborhood or across... Read More
No, I'm not talking about gambling or dairy cows ?... Read More
1. Look Over Your Shoulder ? Of course, Punxsutawney Phil... Read More
Running a business, whether large, small or in your home,... Read More
How do we keep track of our business deals?If you... Read More
Don't you find that there are so many decisions you... Read More
Starting and managing a small business is no fun chore,... Read More
Do you promote yourself as offering prompt, reliable and quality... Read More
When do annoyances in a relationship become too much to... Read More
Buying a franchise is not for everyone. This guide will... Read More
It has been discussed allowing Franchising companies to electronically disclose... Read More
It is imperative to have your business legally prepared. How... Read More
Some of the very qualities that attract people to the... Read More
Many of us have noticed how some nearby communities seem... Read More
A career coach could be simply defined your job seeking... Read More
Small Business |