Here is a staggering statistic, approximately 627,000 small businesses are started each year. In contrast, about 595,000 small businesses close each year.
Small business owners have a lot on their plate and a lot riding on their success. Read on to learn the three pieces of advice that every small business owner needs to know.
Automate, Delegate, Communicate
Automate as many of your daily activities as possible. Include everything from meeting scheduling to common responses to emails.
Email templates can give you the foundation for introductory emails, then all you have to do is customize to provide it with a personal touch.
You may not be ready to hire a large team but consider hiring a virtual one. Virtual assistants are relatively inexpensive and can help take repetitive tasks off your plate.
Communicate – often, entrepreneurs are so busy getting things done that they forget to communicate their vision to their team, investors, sub-contractors, or even customers.
The individuals in your world can often help you achieve the next level if they know what you need. Be sure to be transparent in all your communication.
All of these activities help free up time your time so you can be the CEO of your company.
Hire Flexible Team Members
As an entrepreneur, you do it all. You see a problem, and then you fix it. Therefore, you need to hire team members that are just as flexible.
Look for team members with diverse backgrounds that may have the skills or have been exposed to all the areas that touch your business.
Consider hiring a retired business owner or specialist in your field. These individuals have a wealth of knowledge and may find themselves bored in retirement.
Don’t be afraid of mentoring the right individual, and sometimes you can grow easier than find the right person for your team.
Leverage Specialists
Let’s face it, you are passionate about what you do as a small business owner but may not have ALL the skills necessary to run a business.
Remember making the most amazing widgets is your passion. Leverage others to help you run the day today.
Don’t know how to file taxes for the small business owner? Hire an accountant or accounting firm.
Not sure what is the right insurance for small business owners? Talk to an insurance agent.
Looking for grants for small business owners to help expand? Talk to your local university, chamber of commerce, or Small Business Administration office.
Most importantly if you are involved in a UCC filing, bring on a team to help you navigate the legal and financial implications.
Small Business Owners, Read On
We are your source for all things that small business owners need. We can help you automate or outsource tasks, hire the right team members, and really leverage the power of specialists to make your vision a reality.
Check out the rest of our blog for more content like this.