by Brian McKay
When it comes to running a business, there is no shortage of tasks that need to be taken care of. Indeed, on any given day you’ll wish that there were a few more hours in which you could get everything done. But here’s the thing: your attention isn’t unlimited, and if you’re not careful, you could run the risk of wasting too much of your time taking care of the tasks that aren’t going to help your company in the long run as effectively as others would. To help your business thrive, we’ve put together a list of areas where you should be really thinking deep.
On Your Strengths
You’re an entrepreneur, but that doesn’t mean that you’re good at everything. Indeed, the areas in which you excel are going to be limited, just as they are with everybody else. As such, when it comes to your working hours, you should be dedicating your time to the areas where you can make the biggest difference. When it comes to things like expert or repetitive tasks, you’ll be well-served by outsourcing the work to a third party company, freeing up the time you need to get things done.
Where to Improve
However, while you should be spending time doing the things you’re good at, that doesn’t mean that you get a pass when it comes to your weaknesses. As an entrepreneur, you should forever be looking for ways to learn and improve. This might mean taking a course, reading books, or finding a mentor. You’ll be out of your depth, to begin with, but you’re going to be in the business for the long-haul, and eventually, the extra effort you put in will be worth it.
Assembling a Team
You’re going to be a pretty big component of your company, but you are only one person, and that means there are going to be plenty of others that contribute to your success. As such, one of the most important tasks you’ll do is assembling a team of employees that can help to take your business to the next level. To hire correctly, make sure you’re doing what Jozef Opdeweegh suggests, and “spend quality time with prospective candidates before offering them a position.” This will make sure that you’re bringing people on board that you know are going to be a good fit with your company culture.
Staying in Control
There’s only one thing that’s worse with slow growth, and that is: runaway growth. If you grow too big too quickly, you’re going to find that you don’t have enough resources or capital to keep up with demand. Make sure you’re working with a financial advisor to ensure that you’re still the one in control of where you’re business is going.
Working With Others
Focus on yourself and your business by all means, but also ensure that you’re reaching out and working with others. More collaboration will strengthen your standing as a company, and open up new possibilities at the same time.