Small business owners are a hard working bunch. It seems that the only time they come up for air is, well never.
And that's a problem; I have experienced firsthand what it's like to be consumed by the day-to-day pressures of running a company.
The relentless focus on closing that next deal, keeping the books in the black and constantly putting out fires can be harmful to a business in the long term. While drive and ambition are admirable qualities, there are times when it's OK to take a step back and take stock.
In order to help you take stock and to think about your business I’m starting a new weekly post to help you take stock (me too). I will post three tips every week that will help you focus on areas we often ignore because we are busy making it happen.
This weeks focus:
1. You Can Move Faster. The big guy may have the corner on money but the little guy usually has the corner on creativity. Take some time to sit down and figure out how your big rival is promoting their brand and plan something smarter and more creative for yours.
2. Delegate. It’s tough for small business owners to give up control, but delegation is essential for business growth. Give employees more autonomy so you don’t become a bottleneck in your organization. Try to structure operations so you can focus on your strengths and delegate the rest.
3. Fire Fast! If you spot a complainer and if you have the authority to do it, fire them right away. Complainers are like thieves, robbing you and your company of its good energy. Your whole team’s outlook will shine brighter once you’re rid of them.