Are you moving fast enough?
Are you moving fast enough?
Make no mistake the world is moving quickly, faster than at any other time in the history of mankind.
Now if you want your small business to be successful in this environment it is imperative that you adapt to change. It is also critical that you are in a position to see the opportunities that change brings and then be fast enough to take full advantage of those opportunities. If ever there was a need for speed in business, it is now!
Below are three very simple tips to help you increase the speed at which you do business.
(1) Understand that it is impossible for you to be an expert at everything.
One of the most important lessons I can offer anyone looking to try and set up their own small business is not to try and become an expert at everything. It is the quickest route to disaster (trust me I’ve personally learnt this lesson the hard way!).
Your role as an entrepreneur is to first of all work out what needs to be done to achieve your strategic business objectives and then secondly, try to find ways to engage and inspire others to help you achieve your vision.
(2) Understand where you can best invest your time.
Once you have worked out what needs to be done you need to ask yourself ‘how can I put my talents to best use within my business?’ It is incredibly important that you discover where you can invest your time to create the most amount of value for your customers, clients as well as your business.
Of course when you start out, you will no doubt find yourself spending a lot of time doing things that aren’t the best use of your time out of sheer necessity. Even though this may be the case initially, you should be constantly on the lookout for ways and means to put your time to better use.
Better still, make it a habit!
(3) Build your business success team.
Once you’ve come to terms with the fact that you can’t do everything yourself you need to start attracting other people to do some of the work for you.
Now if you are not in a position to start hiring employees, a great place for you to start getting more leverage in your business is by outsourcing work on a project by project basis. A great place for you to begin looking for outsourcing partners is on a tendering website called elance.com.
When outsourcing tasks, look towards those that your business doesn’t hold a strategic competitive advantage in, beginning with the most time consuming first.
On elance.com you have access to a whole range of skilled professionals often working in countries that are more price competitive than your own.
Putting it all in to practice.
If you can put these action steps into practice within your business, you will not only increase the speed at which you can do things but you will also increase the value that your business can deliver to the marketplace.
The other added benefit is that you will find yourself spending a greater proportion of your time focusing upon the tasks you have a true talent for and that bring you the most pleasure.
Make no mistake the world is moving quickly, faster than at any other time in the history of mankind.
Now if you want your small business to be successful in this environment it is imperative that you adapt to change. It is also critical that you are in a position to see the opportunities that change brings and then be fast enough to take full advantage of those opportunities. If ever there was a need for speed in business, it is now!
Below are three very simple tips to help you increase the speed at which you do business.
(1) Understand that it is impossible for you to be an expert at everything.
One of the most important lessons I can offer anyone looking to try and set up their own small business is not to try and become an expert at everything. It is the quickest route to disaster (trust me I’ve personally learnt this lesson the hard way!).
Your role as an entrepreneur is to first of all work out what needs to be done to achieve your strategic business objectives and then secondly, try to find ways to engage and inspire others to help you achieve your vision.
(2) Understand where you can best invest your time.
Once you have worked out what needs to be done you need to ask yourself ‘how can I put my talents to best use within my business?’ It is incredibly important that you discover where you can invest your time to create the most amount of value for your customers, clients as well as your business.
Of course when you start out, you will no doubt find yourself spending a lot of time doing things that aren’t the best use of your time out of sheer necessity. Even though this may be the case initially, you should be constantly on the lookout for ways and means to put your time to better use.
Better still, make it a habit!
(3) Build your business success team.
Once you’ve come to terms with the fact that you can’t do everything yourself you need to start attracting other people to do some of the work for you.
Now if you are not in a position to start hiring employees, a great place for you to start getting more leverage in your business is by outsourcing work on a project by project basis. A great place for you to begin looking for outsourcing partners is on a tendering website called elance.com.
When outsourcing tasks, look towards those that your business doesn’t hold a strategic competitive advantage in, beginning with the most time consuming first.
On elance.com you have access to a whole range of skilled professionals often working in countries that are more price competitive than your own.
Putting it all in to practice.
If you can put these action steps into practice within your business, you will not only increase the speed at which you can do things but you will also increase the value that your business can deliver to the marketplace.
The other added benefit is that you will find yourself spending a greater proportion of your time focusing upon the tasks you have a true talent for and that bring you the most pleasure.
posted by Damien Senn at Tuesday, January 02, 2007
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