BUSINESS TIPS

You’ve heard the phrase “Team work makes the dream work!” And no matter how old or “cliche” it may sound, it still holds true.

Truth is, though, many small businesses fail to grow because of the owner’s “hoarding habits”. Hoarding all of the work. Hoarding all of the projects. Hoarding all of the revenue.

Yes, in the beginning of starting a business, it’s very common that the owner takes on all of the responsibilities of not only building the business, but doing the work for his or her clients and customers.

However ...

as a business owner, once you decide that you want to take your business to the next level, you have to keep in mind that you can “Go farther with a team” (derived from African Proverb).

Consider this... as a one-man show, you may only be able to take on 1-2 clients at a time. And it can be guaranteed that as a one man show this requires you to not only acquire your leads, you also have to convert those leads, onboard them into your system for service delivery, nurture your clients and prospects, retain them,  and the list goes on depending on your product or service.

Wouldn't it be nice to streamline certain task to a small group of experts, including yourself, so that you can take on more clients?

Here are 4 benefits that you’ll see INSTANTLY as a business owner when you build a team.

1. More throughput.

You earn the ability to work more projects and services more clients and customers because you have more “hands” to manage the work. By segmenting the work, you can concentrate expertise to particular tasks that can get done QUICKLY so that you can move from only managing 1-2 clients, to MORE!

2. More throughput will allow for more earning potential.

Sometimes business owners think that the revenue they are making will be cut because they have to pay someone to do the work. And while this is true from one perspective, think of it differently.

Consider this scenario:

If you single handedly are working one lead, one project, and it brings you $5k, you can double that amount with just 1 more project and an extra pair of "hands" AT simultaneously. Sure, you will have to pay your team member for the work they deliver, however, you can easily make up for the money you would have earned in profit doing the work yourself by simply leveraging expert resources for the tasks that you're either not as good at or that which would take you longer to complete. Or to be quite honest, the tasks that you don't like to do (or aren't that good at) can be done by someone else which saves you TIME! And we all know that time is an invaluable asset.

3. Less stress.

Be honest. You love your business and the value you offer your clients. But it can be extremely stressful to have to wear EVERY SINGLE HAT that is required to deliver a product or service.

Delegating work saves the brain power you need to think creatively for your ON your business. Put that energy into innovation, not trying to do every single task.

4. More quality of work -- with the right expertise.

It’s great to hire a bunch of clones of yourself, but when you’re truly looking to scale your business and be more efficient with the quality you deliver, it is a good idea to hire skills sets that you do not have.

Think of it like your favorite NBA team that has the best starting-5. Each player knows the game, but each player also brings a skillset to the court that makes them an expert at what they do. The team is able to spread out the delivery of a win through an assortment of skills that help them win the game. Creating winning team and start to WIN in your business.

So now that you’ve read about the benefits of having a team, are you ready to take your business to the next level?

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