Costly Mistake #2: The Lone Ranger Mentality

I am sure you are good at what you do and hopefully you really enjoy it as well. Otherwise, you may want to consider another line of work.

But the truth is none of us is good at everything. And the biggest mistake people make is thinking they can’t afford more team members and trying to do everything themselves or with a skeleton crew.

Depending on whether you have just started your business or are well on your way will impact the size of your team. But there are some key players you will want to have regardless of how long you have been in business.

They include an accountant, web designer, administrative support (unless any of these things are your strength AND you like doing them) and a business coach. All of these people can be freelance initially or forever. As a matter of fact, you never have to have salaried employees unless you want to.

You say you can’t afford them? Well if your strength is sales or consulting or counseling or art and you are spending your time doing clerical work, then you are losing mon-ey. Spend time where your strengths are for maximum impact and farm the rest out.

On a tight budget, then consider doing a trade for services or a profit sharing incentive for your team members.

View every team member as in investment in your future and have the intention to make a sizable return on your investment. If you pay $20.00/hour for administrative support, have the intention to use that hour of time to make at least $40 of revenue doing something you love and excel at. That is double your return – better than you can normally do on Wall Street.

When I hire my coaches I intend to more than make back the investment that I spend on coaching. And group coaching is even more economical.

The truth is you can only grow so big by yourself since there are only so many hours in a day.

So grow your team as a way to stretch your hours so you can be doing more of what you enjoy in both your work and leisure hours while earning more mon~ey..

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What’s coming up next?
Lack of Visibility. I am going to chat about 2 common misconceptions about visibility and how being visible can be easy, fun and profitable.

Stay tuned...