Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player




  LATEST TWITTER UPDATES
    follow us on Twitter

    Stick to your core strengths

    Small businesses that experience success and growth need to abandon the mantra of doing it all.  But far to often, they take on ancillary activities that distract from the core strengths that made them successful.  They find themselves mired in back office processes and either work 16 hour days or the business start to slip.  Success is a great thing, it is after all the point of our business, but success is a very poor teacher.  ”I’m a Doctor for goodness sake, I should be able to run my business!” Replace Doctor with any other profession and you have the mindset that get many business owners in trouble.  My advice is stick to your core strengths and outsource the rest.

    Don’t get nervous, you don’t have to abandon your patriotism or defy your union brothers.  What I’m talking about is hiring business specialists to perform the tasks that they are specially trained in and you are not.  These can and should be local businesses many of which are also small businesses.  Why have a receptionist turned bookkeeper doing the CFO job when you can hire a CFO on-demand for the two weeks per year that you need them.  Your bookkeeper and bottom line will thank you.  Financial, Marketing, Human Resources, Employee Training and even Sales are areas that can and should be outsourced.  The main benefit for small business owners is the ability to focus on the core business.  The cost of being distracted (sleepless nights, missed deadlines and limited resources) is enough to make the difference in profit and loss.  So now,

    get more sleep, make more money and outsource everything that is not your core business.

     

    About the author

    Todd Luhtanen wrote 7 articles on this blog.

    Todd Luhtanen is a husband, father and grandfather. He is also an entrepreneur, software developer, coworking founder, music studio owner, foundation president, mentor to young professionals and coach to small business owners. He is passionate about God, entrepreneurs and small business. He founded Metro Work Space to fill the gap in affordable office space for small businesses and found coworking to offer much, much more.

    Videos, Slideshows and Podcasts by Cincopa Wordpress Plugin