There’s so much to do and it’s your business so who else is going to do it? If it’s going to get done you’ll have to do it, right? Wrong. You don’t have to do it alone! A team is one of your best assets as a business owner. A team can help you achieve the results and success you want in less time.
Without a team, it’s easy to get bogged down with administrative, non-revenue producing activities. The single most important thing that stops most entrepreneurs from building a team is money. You may wonder how you’re going to cover the cost of a team when you’re barely making enough money to cover your current expenses. As a business owner you need to understand what your time is worth.
Let’s say you could hire a virtual assistant to handle email and social media for $50 an hour. While your VA is handling administrative tasks you’re able to make sales calls and focus on revenue generating activities. If during that hour you generate $10,000 in sales then $50 an hour is a small amount to pay.
A strong team combined with solid systems will help leverage your time and make you more money. There are two mistakes entrepreneurs make when it comes to building a team. The first mistake is simply not building one. Don’t be afraid to ask for help. More importantly, don’t wait until you need help. Begin building your team before you need them. If you have a team, the second mistake is failing to delegate non-revenue producing activities and tasks.
You really don’t have to do it all. Power up your business with a team and watch your profits grow!