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Our special feature on forecasting sheds light on how to choose the right model, offers advice from Jack Stack and more.
Get startedIn a recent 99% session with an all-female group of entrepreneurs, we were discussing the challenges faced by very small business owners, and particularly those in the creative sector. Many of the women in attendance were the sole proprietor and employee of their business.
In my work with hundreds of women entrepreneurs in my Millionaire Protege Club, I see this problem over and over again! Often getting them to hire their first admin assistant and bookkeeper - the two most important first hires you should make - is like pulling teeth. "I'm not making enough money yet," they say. Until they finally figure out they will never make enough money until they HIRE help so they can focus on revenue-generating activities and stop making trips to the post office and sending out invoices themselves. I have a great article on this topic here: http://www.alibrown.com/content/5-signs-it%E2%80%99s-time-hire-assistant
I've been "doing it all" for over 20 years and many times it has been nearly overwhelming. However, as a writer of business plans and a business consultant the need for employees is almost nil.
To address the comment above about finding a manager, perhaps you are looking in the wrong places or using a manager job description that does not fit your needs. Have you tried looking at your employees with a new eye and see who you could mentor into the manager you need? You might want to read the article "Leader or Manager?" at http://www.2womenentrepreneurs.com for some ideas in defining a manager and what to look for in potential candidates. The article on pre-hire planning can also give you some insight into creating job descriptions.
I tried to delegate as much as I can. I can usualy trust the professionals do their part. But the problem I face primarily is that it is easy to find a professional who is good at what he does, but not easy to find a manager who is street-savy and capable of thinking on his feet and made major decisions.
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TRACEY BLAKE 1 year 8 months and 6 days ago
Bravo Ali! This is so true. I have just hired my second contract bookkeeper which will allow me to focus on the things I do best (bookkeeping not being my strongest attribute). This is an expense which I believe will end up saving me money in long run.