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
tidy up service Glenview ..Multimedia is everywhere on the Internet, whether in the form... Read More
What are the benefits of using a Freelance Consultant /... Read More
When do you need to get more involved with the... Read More
What makes a business relationship?What really makes a business relationship?... Read More
As small business managers, we juggle limited resources in a... Read More
If you are a small business and qualify to participate... Read More
Franchising is the fastest way to build small businesses, provide... Read More
During the California Recall Election, I was very interested. Without... Read More
If you are a non-operator owner of many work trucks,... Read More
Many investors and business ethics professionals are calling for more... Read More
As a Boat Detailing Specialist, you may want to offer... Read More
Paper Shredding Business Opportunities are blossoming up everywhere because in... Read More
Concrete cleaning can be a lucrative business to start. Here... Read More
The revenue history is a vital piece of your power... Read More
Are you a home or small business owner and you're... Read More
No matter how small your small business is, it is... Read More
When starting a business, you have to determine the method... Read More
If you own a mobile truck washing, pressure washing or... Read More
You've heard marketing and advertising gurus quip, "Sell the sizzle,... Read More
If you're anything like me then you dislike with a... Read More
To wash an airplane there are many items you will... Read More
In a perfect world, starting a small business would be... Read More
Cleaning the trailers towed by big trucks is not easy,... Read More
Lance Armstrong this week won an unprecedented 7th Tour de... Read More
The less a business pays for goods and services the... Read More
maid service near Winnetka ..TACTIC #1 -- Never simply slash your prices, unless you're... Read More
Running a business, whether large, small or in your home,... Read More
The temporary staffing industry continues to expand, with yearly double-digit... Read More
Unfortunately for all buyers, each selling organization and their individual... Read More
No matter how small your small business is, it is... Read More
In this series of articles I'm going to show you... Read More
IntroductionIt is widely recognised that Email and the Internet is... Read More
We were more than excited. Our women's doubles tennis team... Read More
$elling $elling $ellingWhat makes a great sales person? Well, the... Read More
I started working with another new client last week. He... Read More
How to identify future solutions and opportunities?Your power page, if... Read More
There are no "rules of thumb" in the pursuit of... Read More
If you're like me, you love accounting. It's so fascinating... Read More
Most small businesses simply go about their daily business and... Read More
Your on-line success is based on your efforts and yours... Read More
Obtaining a business credit card enables the small business owner... Read More
There are many choices when thinking about a small business... Read More
When starting a business, you have to determine the method... Read More
Your product is dying. With the same inevitability that we... Read More
Attorneys and Lawyers are ruining the franchise industry. It is... Read More
The stock market is still on a wild roller coaster... Read More
Are you a small business owner who wants to expand... Read More
Many of our nations 400,000 franchisees run their businesses out... Read More
So you want to get into the auto detailing business... Read More
An observation while returning home from a seminar: Getting away... Read More
Small Business |