One of the most important decisions an entrepreneur can make to get to six figures, and then to move on and create a multiple-six-figure Dream Business, is to release and let go.
This powerful strategy could make such an amazing difference in your business.
I call it, “delegate or stay small forever.”
This mindset challenge is one that trips up many entrepreneurs.
It is essential that you climb and conquer this entrepreneurial mountain if you truly want to live a dream lifestyle.
In the beginning, most entrepreneurs start their businesses on day one, armed with an idea, a skill, or talent they want to bring to market and build a business.
Whether you’re a dentist, lawyer, accountant, or web site developer, you have a talent that solves problems, provides value, and fills a need.
That is the essence of a successful business.
But something happens between the time you get your business cards and hang out your shingle and when your growth becomes impeded because you’re not willing to release and let go.
In most cases, I think it’s fair to say to every entrepreneur initially wear many hats running a small business.
In addition to your “skill” hat (whatever you do), you also wear the hat of other personnel within a typical company such as the accountant, customer service rep, delivery person, janitor, head of marketing, legal advisor, and about a hundred more!
One common expression you’ll hear around the entrepreneurial water cooler is, “I can do it faster, cheaper, and better than anyone else.”
Now if I took some creative license and got into the mindset of many entrepreneurs in a safe environment where full disclosure occurs, the full version of that expression probably sounds like this:
“I can do ‘it’ faster, cheaper, and better than anyone else, and I’ll be darned if I’m going to pay someone to do something I can clearly do myself. I want that all the money in my pocket. I also do not want to hire additional support personnel until I reach a certain point where I can no longer do it all myself.”
Here’s the bottom-line regarding personnel, whether employee or 1099 subcontractor:
You should hire slow and fire fast, but if you need to hire to keep growing – then hire!
I liken the dilemma of when to hire this way: “When you recognize that you’re thirsty, you should have already been drinking.”
In business, if important marketing or business building things are not getting done, because your too busy with tasks someone else could easily do, then you need to hire and delegate.
Do NOT become the bottleneck in your business.
Don’t fall back to the “I’m not going to pay someone to do something I can do myself” mentality, thinking that doing it yourself leaves more money in your pocket.
That mentality leads to slow-to-no growth.
That mentality leads to you staying small forever.
If you want to grow your Dream Business, so you too can live your Dream Lifestyle, then connect with me.