You have your own business, you’re in control of everything, and you answer to no one. You’re living the American Dream. But you want to be more successful. Your business simply isn’t growing like you wanted. Odds are, you have fallen into the trap that countless small business owners are already in – you are doing too much and not doing it well enough.
If I had an employee who wasn’t producing the results I wanted, I would replace him with a new contractor. If you’re not producing the results you want for your business, logically the only solution would be to fire yourself.
Step back for a second and truly consider what you bring to the table. No one, literally, no one, can do everything that goes into building a growing business. At least not as well as it could be done. You need to figure out where your strongest assets are and stop doing all of the things that you aren’t good at and eat up your time. So what are you good at?
I’m a Good Manager
Most good business owners fall under this category. As the boss, you need to manage your team just like a football coach manages his. You never see Rex Ryan throw on some pads and throw a football. That’s not his job. Good managers should manage and delegate well, not do the work of the people they manage. Certainly many small business budgets are prohibitive but with the wealth of contractors available, there are truly very few businesses that can’t afford to invest in assistance in any field.
I’m a Good Developer
Many online business owners are developers who created their very own application or service. But just because you made your own product with your own sweat and tears doesn’t mean you are the best person to run the business end. Developers don’t always make good managers and rarely make good marketers or sales people. Developers need a partner even more than they need employees or contractors. You should work on the technical side of things and let someone else worry about the sales, management, and marketing.
I’m a Good Marketer
Marketers don’t tend to make good CEOs. Maybe because so many people think they are good marketers. Marketing is both a crucial piece of the puzzle but also a very small one. It takes up a lot of time but is useless without the right business or product in place. Marketing is a skill, not the basis of your business, which means you need someone to take care of the really important stuff while you spread the word.
I Just Want to Have My Own Business
Too many small business owners fall into this category. They just want their own business for the sake of having their own business. That’s a fine aspiration but if you don’t have the skills or the drive to run your own business, you don’t want to be a CEO, you just want to be an investor. Look at the TV show “Shark Tank“, the sharks don’t run all of those businesses, they just buy a chunk of the company and count the profits. They may even own the majority of the company and have someone else run everything. If you fall into this category, then it’s definitely time to fire yourself.