The Necessity of Delegating
To the small business owner, money is everything. We devote hours and hours poring over our accounting, reading books on efficiency, and buying apps to streamline our companies and turn a profit. Some work, most don’t. Why? Because with each new “method” someone has to learn how to use it effectively and that someone is usually the owner. If you truly want to build your venture, it is vital to learn the necessity of delegating.
Learn Your Limitations
So, you’re good at something and decided to turn it into a business. Brilliant! Do you know how to run a business? This is one of the harshest questions a small business owner can ask themselves, but a fundamental one. If the answer is “no” that doesn’t mean you should shut it down, tuck your tail, and go get a job. It means…that you are already leagues ahead of many people who refuse to acknowledge this major limitation.
And I mean MAJOR.
Let’s use sports as an example. How many people are you aware of in the sports world that can successfully (key word here) compete at a professional level in 2 or more sports? Can you imagine Tiger Woods also being a professional baseball player? Both involve swinging a heavy object at a ball, right?
No. Just no. He’d be laughed out of both!
So why is it that when we want to make money on a skill we have mastered, that we believe we must also conquer the business end? The truth is, you can’t! If you haven’t already, read E-Myth by Michael E. Gerber. If you have, read it again.
So. Many. People have beaten their heads against walls, spent every dime they have, borrowed more, and ultimately went out of business because they thought they should be able to do it all. They thought they had to do it all, you know, to save money.
Just because you CAN, doesn’t mean you SHOULD
I had a friend with a small business. She was good at math and had a basic knowledge of accounting, however, doing her own books brought tears of frustration and many more hours of work than was really needed. Not only did she (finally) hire a bookkeeper, it was also far less expensive than she guessed! Because she imagined that someone else would take roughly the same time to do her books as she did, she wrongly assumed it would cost a huge amount of money. The time and vexation, not to mention money, she saved herself was more than enough to free her up to do the things she was good at. Don’t Dunning-Kreuger your business to death.
How to ‘Have It All’
First, don’t compare your business to any corporate entity. It is not possible to climb a mountain in one step. Besides, large corporations often start with buckets of money and investors and a team of smart people. Maybe use corporate entities as a goal.
Secondly, a way to emulate a corporation you admire to examine their team. THIS is delegating. Each person working there has a set of skills essential for that business to operate at its best, therefore crucial to making money and turning a profit.
Third, figure out what you want to do in your business. If it’s no fun at all, you won’t last. And if you’re trying to juggle too many balls, you will drop some.
Now that you understand the necessity of delegating, how do you start? One of the easiest ways to do this, AND afford the help is the modern version of “the secretary”, a virtual assistant! There are so many small tasks that are wrapped up in a day’s work that a VA can handle, freeing you up to do what you need to grow your business.
This is our specialty…what we are good at. At TaskAwayVA we will help you juggle the small stuff and some of the big stuff too, if you like. Let us help you, help yourself!
Photo Credit: https://www.pexels.com/@roman-odintsov