Are you struggling with creating a plan for your business expansion?
On top of delivering quality goods and services, are you stuck doing mundane, time consuming administrative tasks?
In your attempt to find help, hiring good employees who you can trust to solve problems and invoke some natural curiosity to deal with day-to-day issues is proving impossible!
You have no time to even think about expansion, let alone attempt to execute on it.
Or maybe you have no cashflow to support growth.
What do you do?
I’m a firm believer in “strengthening the core” before taking on major changes.
The good news is the core of your business is you and maybe one or two other people.
The bad news is, there will be some tough decisions to make to support those changes.
It is impossible for me to tell you in a 300-word article what you need to do for your specific situation, so I’ll ask some questions instead:
- What are some ways you can narrow your focus to maintain cashflow, but save time? Maybe there are services you can cut that have a low margin and take more time to deliver.
- What attitudes are you holding on to that need to change? For instance, if you think you are the only one who can do such-and-such to the required standards…are you wrong?
- What leadership skills are you lacking that will support the transformation? An example might be coaching and developing others…and then delegating work to them so you are free to focus on the things that require your attention.
- How can you structure the work differently to enable you or your staff to increase output? Analyze your strengths and weaknesses. Talk to your key staff members to learn what they want and can actually do for you.
We want to be the perfect business owner as much as we want to be the perfect parent or spouse…but there is no such thing.
Do the best you can do with the resources at hand, and take time to think, strategize, and plan before you take action.