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Entrepreneurs and Outsourcing: when is the right time to build your team? | discoveryourpowerteam.com
 

Entrepreneurs and Outsourcing – When is the right time to build your team?

Have you just started your coaching or consulting business and are wondering when is the right time to hire some help.  Perhaps you are a speaker or author who has been in business a while and find there are just not enough hours in the day, and there just has got to be another way.  Some of you may be service professionals who are just thinking of launching your own business, drafting a business plan, and wondering who could help you.  So, given you are where you are in your business, ”When is the right time to outsource and grow your team?”

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The quick answer is, “It depends!”  I know, I know…I’ll bet you don’t quite like that answer. So let me give you some food for thought.  It truly does depend on your situation including where you are in your business and where you are financially.

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What is happening in your business right now? The decision to outsource or not depends on so many factors:

  • Do you currently have a lot of time on your hands?
  • Do you currently have money you can invest in your business to obtain the help you require?
  • Do you know what you want to accomplish in your business? What are your goals for the coming year?
  • What are the key tasks with which you require help?
  • What are you current priorities?
  • Is there something critical that needs to get done in your business, but is not getting done because of you (your lack of time, your lack of expertise, etc.)?
  • Are you looking to grow your business in the short term?
  • Are you interested in hiring employees or contractors?
  • What do you need the most help with immediately?

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Here are a few indicators of this possibly being the right time to outsource (Which do you resonate with?):

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  • I feel overwhelmed
  • There are not enough hours in a day!
  • I am so busy doing administrative tasks, I do not have time to move my business forward
  • I feel like my business is spinning out of control
  • I feel like I am flying by the seat of my pants, “winging it”
  • I have so many ideas bouncing around in my head; I can’t decide what to do first,and I am not taking action!
  • The majority of my time is spent on non passion work
  • I spend most of my day on non revenue generating work
  • I know how and can do it all!
  • I can’t go on vacation without my blackberry and my laptop. 
  • If I or a family member is sick and I don’t work, my business comes to a grinding halt!
  • Things are falling through the cracks (invoicing, order fulfillment, customer service, etc.)
  • My business IS my life…though I never intended for it to be that way!

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Your Action Items

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If you are truly serious about determining if and how growing your team can help you, I urge you to answer the following questions.  To do so, click on  and enter your responses to the following:

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1. Describe in your own words what is happenning in your business right now (e.g.: I am trying to grow my business but don’t have time to think of and create alternate streams of revenue, or I and starting a new business and don’t know which audience to target with the services/products I have to offer, or I am running my business and need help determining what my priorities should be and how to stay on track, etc.)

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2. How do you feel about your business and why (e.g.: I am so overwhelmed and exhausted because I am working 18-hour days almost 7 days per week, I am super excited and fearful about starting my new business because I want to be my own boss, but am concerned about being able to make money doing what I love, etc.)

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Next Time

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In my next post, I will talk about  what to make of the answers you came up with (you will do your homework, right?) and how to use that to determine if its time to outsource.

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To your empowerment and success,

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